First Independent Mena Newspaper
With the two-term tenure of African Development Bank (AfDB) president Akinwumi Adesina coming to an end by May 2025, a total of eight candidates, including from South Africa, Algeria, Senegal, Zambia, and Mauritania, are in race to succeed him. The race is beginning to heat up with candidates across Africa declaring their intention to replace […]
COMESA, or the Common Market for Eastern and Southern Africa, has recorded a significant increase in trade both globally and within the region above the pre-Covid-19 pandemic levels, according to the latest detailed report on key developments and achievements recorded in the past year in the COMESA region under the market integration and physical integration […]
Africa needs to establish a unified market for air transport to boost tourism and trade in the continent, according to a senior official of the Common Market for Eastern and Southern Africa (COMESA). Speaking during a recent workshop hosted in Egypt, Adikiny Olwenge, team leader at COMESA’s SATSD program, advocated for the development of an […]
Egypt and Angola signed Wednesday two Memorandum of understanding (MoU) for cooperation in fields of security and groundwater on the sideline of the visit of the Egyptian leader Abdelfattah al-Sisi. Angolan President Joao Lourenco and his guest al-Sisi witnessed the signings following talks between the two leaders. The talks according to al-Sisi’s Office covered a […]
The partnership between Kenya Airways and South African Airways, which want to form a pan-African airline, will be treated as a merger on the back of the effect that the joint venture will have on competition in the region, the COMESA Competition Commission (CCC) has said. Kenya’s flag carrier operates in countries that are members […]
Zambia is hosting a two-day business summit in Lusaka this week to try to attract American investors to the country, in effort to diversify the economy and decrease dependence on extractive industries such as copper, according to Zambian officials. Moving away from dependence on extractive industries, which account for most of the country’s exports, is […]
The African Development Bank (AfDB) has approved about $300 million to finance trade and economic development in the Common Market for Eastern and Southern Africa (COMESA). The $300 million support facility for the Eastern and Southern African Trade & Development Bank (TDB) was announced on Wednesday. According to AfDB, the COMESA regional trade and project […]
Fifteen out of 21 countries in the Common market for Eastern and Southern Africa, (COMESA) have established dedicated Road Funds and Road Development Agencies to undertake maintenance, and development of roads for both the regional and national road networks, COMESA said on its website. The announcement was made on the sidelines of the 11th […]
Tunisia has officially been admitted as the 20th member of the Common Market for Eastern and Southern Africa (COMESA). Tunisia applied for the membership of the grouping in 2016 after being an observer member since 2005. According to the Tunisian foreign ministry, this membership will give Tunisian exports access to the markets of 21 countries […]
Eight months after the landmark speech of King Mohammed VI at the African Union Summit in which he deplored that the “flame of the Arab Maghreb Union (AMU) has faded because faith in a common interest has vanished,” the UN Economic Commission for Africa (ECA) came to the same conclusion ringing the alarm bell as […]