Economy

COMESA’s Kapwepwe highlights efforts to enhance intra-trade, regional value chains

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The Common Market for Eastern and Southern Africa (COMESA) is eager to engage with member states on initiatives aimed at enhancing intra-trade, according to Secretary-General Chileshe Kapwepwe.

Speaking in Lusaka on Tuesday after receiving letters of credence from Emmanuel Bugingo, Rwanda’s High Commissioner to Zambia and Permanent Representative to COMESA, Kapwepwe said there was need for harmonised regulatory frameworks and more robust, resilient regional value chains.

Kapwepwe outlined several programmes COMESA had implemented in Rwanda, including the Simplified Trade Regime and the Authorised Economic Operator Programme.

“Rwanda is also implementing the Electronic Single Window as well as the COMESA Digital Free Trade Area,” she noted.

“Rwanda rolled out the COMESA Prioritization of Sanitary and Phyto-Sanitary Investments for Market Access initiative,” she added.

Read More: World Bank, COMESA launch $5 billion ASCENT project to accelerate clean energy access in Africa

COMESA has also supported the development of a functioning Financial Intelligence Unit in Rwanda and provided training on money laundering, terrorism financing, financial investigations, and asset recovery to Rwandan law enforcement agencies.

In his remarks, Bugingo expressed gratitude for the benefits Rwanda has received from COMESA projects.

“COMESA constitutes a major marketplace for both internal and external trading, focusing on economic prosperity through regional integration for the benefit of all member states,” Bugingo stated.

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