Comesa hosts regional business forum

Business Online Reporter

THE Common Market for East and Southern Africa (COMESA) is this week set to hold its 22nd Summit and a high-level Business Forum in Lusaka, Zambia under the theme: “Economic Integration for a Thriving COMESA Anchored on Green Investment, Value Addition and Tourism”.

This will be the first time in over two decades that Zambia will host and chair the COMESA Summit of Heads of State and Government.

In a statement, Comesa said the theme was motivated by the need to address the current regional and global economic and trade dynamics including the effects of COVID-19, which especially affected tourism-dependent economies.

Besides, the prevailing geo-politics that continue to affect global supply chains, such as the conflict in Eastern Europe, high debt burden, and extreme weather conditions, among others, continue to weigh heavily on regional economies.

“Hence, the theme was designed to rally COMESA Member States on key areas of focus in dealing with these challenges to ensure the COMESA regional integration agenda remains on track,” said Comesa.
“The COMESA theme is jointly developed by the host government in collaboration with the COMESA Secretariat.

“It, therefore, reflects the focus of the incoming chair of the Summit during his/her tenure,” reads part of the statement.

The summit runs concurrently with the 16th COMESA Business Forum edition on 7 June. The Business forum will focus on engaging public and private stakeholders on solutions that will propel and transform COMESA into competitive and sustainable growing economies for regional and global trade and investment expansion post COVID-19.

“The high-level dialogue will be led by Presidential Round Table, where the Heads of State and Government discuss with private sector stakeholders on the measures to accelerate recovery of COMESA Member States from COVID 19, focusing on green investment, value addition and tourism.

“The recommendations of the Business Forum will form part of the COMESA Business Declaration to be presented to the 22nd Summit of COMESA Heads of State and Government.”

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