COMESA and China strengthen cooperation!
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- Aug 28, 2024
- 1 min read
Lusaka, Tuesday, August 20, 2024: The Common Market for Eastern and Southern Africa (COMESA) is set to formalize a major partnership with China during the upcoming Forum on China-Africa Cooperation (FOCAC). This MoU will focus on key areas like capacity building, agricultural development, and investment opportunities across various sectors.
Key areas of focus include capacity building, agricultural development with a focus on value addition and post-harvest loss management, as well as investment opportunities in both the public and private sectors. Other priorities include the development of the leather industry, public and private sector investment, and technological advancements in irrigation systems and logistics.
COMESA Secretary General Chileshe Kapwepwe disclosed this during a ceremony at the COMESA Secretariat in Lusaka, Zambia, on Tuesday, August 20, 2024, where she received credentials from the Chinese Ambassador to Zambia, Mr. Han Jing, accrediting him as Special Representative to COMESA.
Key areas of collaboration include hydropower and solar energy, industrialization, trade—particularly e-commerce—and infrastructure development. Additionally, the focus extends to digital payment systems for clearing goods and sovereign currency settlement, fostering globalization through both blue and green economies, and addressing climate change mitigation.
“China remained one of the major sources of imports for the COMESA region commanding a market share of 19% of COMESA’s imports in 2023,” the SG noted.
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