E-Comesa Newsletter 253


Published on

Dubai Chamber eyes new investment opportunities in Africa for its members
Enhance quality and availability of statistics: Karangizi
COMESA 2010 Summit website officially launched in Swaziland
COMESA judged “Best” in Service Provider Category at the 22nd Malawi International Trade Fair
Intellectual property for development of the COMESA region
COMESA targets the simplification of procedures for investment in the region

1 Like
  • Be the first to comment

No Downloads
Total views
On SlideShare
From Embeds
Number of Embeds
Embeds 0
No embeds

No notes for slide

E-Comesa Newsletter 253

  1. 1. newsletter 1 Issue #253 --4th June October 2007 Issue #126 Friday 19 2010 newsletter Dubai Chamber eyes new investment opportunities in Africa for its members I n preparation to host the 4th Common Market for Eastern & Southern Africa (COMESA) Investment Forum in 2011, the Dubai Chamber organised at its premises the first ever COMESA Workshop, aimed at highlighting the investment opportunities and enhancing the economic cooperation between Dubai and COMESA. The Workshop was attended by representatives of Dubai’s business community who got the chance to meet, discuss and network with the high profile COMESA delegation headed by Dr. Kombo Moyana, Ms. Heba Salam, Her Excellency Reem Ibrahim Al Hashimy,Sindiso Ngwenya and Hamad Buamim H.E. Sindiso Ngwenya, Secretary General of COMESA. African continent,” Buamim added. of finished products either originating in Dubai or re-exported from Asia, In his welcome speech, H.E. Hamad COMESA Secretary General Sindiso particularly China,” he said. Buamim, Director General of the Dubai Ngwenya told the workshop: “Within Chamber, stressed that Dubai and a generation Dubai has witnessed “We need to up the ante on investment COMESA share a common vision which commendable social and economic in the region and that’s by attracting stems from old ties and the need for progress”. Dubai investment to the COMESA enhanced economic cooperation. region..The COMESA region is richly “With world-class infrastructure, Dubai endowed with land, water and minerals Buamim pointed out that organising has benefited from its geographical which require investments and this important workshop for the first location as a bridge between Africa, technology to spur economic structural time outside the African Continent is the GCC and Asia on the one hand and transformation. “And in the last years we a clear message of Dubai Chamber’s between Europe and central Asia on the have seen a trickle of investments from commitment to build strong economic other.” Dubai in some of the COMESA countries, relations between Dubai’s business particularly in services” community and COMESA. Ngwenya said Dubai’s business model had been successful and served as Mr Ngwenya praised Dubai’s economic “Dubai Chamber’s participation at a good example for other nations. model, pointing out that the Emirate the 3rd COMESA Investment Forum “Sustainable business could also be had evolved into an attractive global held recently in Sharm Al Sheikh in built based on creativity and innovation business destination and a major Egypt was a great success, which was and not necessarily on optimum use of FDI centre. He added that COMESA underlined with Dubai government’s natural resources,” he said. is counting on Dubai’s expertise in commitment to host the 4th COMESA certain areas such as infrastructure, road Investment Forum in 2011, in a bid to Ngwenya said the bulk of COMESA development and telecommunications demonstrate our strategic commitment imports comprised petrochemical as the region is looking forward to to strengthening our ties with the products such as fertilisers and polymers. enhance its cooperation with Dubai COMESA states and positioning Dubai “However, the products COMESA as a promising gateway to the whole imported from Dubai were in the form continued to page 3 This bulletin is published by the COMESA Secretariat Public Relations Unit but does not necessarily represent views of the Secretariat. For Feedback: pr@comesa.int Contact Address : COMESA SECRETARIAT, COMESA Center , Ben Bella Road P.O. Box 30015, 260 1 229 725, 260 1 225 107 www.comesa.int www.comesa.int, e.COMESA@comesa.int
  2. 2. Enhance quality and availability 2 of statistics: Karangizi From left: Francis Mangeni, Stephen Karangizi and Temba Munalula C OMESA Assistant among policymakers. as the harmonised consumer Secretary General price index and purchasing (Programmes) Stephen “In today’s economy, power parities in COMESA Karangizi has called upon the policymakers are ever talking and indeed SADC,” he said. enhancement of the quality about ‘early warning’ systems “As regions integrate, users and availability of statistics that can act as portend of of statistics will increasingly needed by policymakers to economic events,” he pointed desire to see regional outlooks make decisions which will out. “In such an environment as certain decisions, such as help the region to grow the microscope on statistics investment decisions, will be economically. will be much more stringent.” based on regional rather than Mr. Karangizi noted that a national picture.” During the opening session the global environment of the Second meeting of was further making a Mr Karangizi said a third the COMESA Committee demand on statistics by window by which new on Statistical Matters on necessitating new paradigms demands were made on 31 May 2010, taking place of compiling statistics, with statistics was evidenced in the at COMESA Centre Lusaka, COMESA seeking indicators work on the renewed focus Zambia, Mr. Karangizi said that conceptually and on addressing supply side an ever-changing global methodically give the regional constraints in the region. environment continually seeks picture. “Again our statistical systems an equally dynamic statistical are challenged to be relevant system as statistics continue “ This is certainly manifested and provide indicators for to underpin the basis of in the good work being monitoring progress in this decision-making processes undertaken on indicators such area,” Karangizi said. www.comesa.int
  3. 3. COMESA 2010 Summit website Dubai Chamber eyes officially launched in Swaziland new investment opportunities in Africa T 3 he official website of the We worked collaboratively on 2010 COMESA Summit this project, and we anticipate for its members from page 1 has been launched in that our working together shall The Director General of Dubai Chamber Swaziland. The website, found at continue until the end of the indicated that Dubai has succeeded in building a friendly business environment www.comesasummit2010.org, summit,” she said. that fulfils the needs of investors, contains all information about through distinguished facilities such She added that it was important as complete income and company tax the summit, and additionally exemptions, free zones and through provides for the download that the country had the site providing a modern infrastructure and of registration forms and running as it shall not only property facilities that cater to the needs provide information to the world of African investors. accreditation for journalists. In part, the Swaziland International about “our preparedness”, but “Dubai’s reputation as a centre for would in addition serve as a conferences is unparallelled and Trade Fair 2010 is accommodated organising the 4th COMESA Investment marketing tool for the Summit as well, as it shall be held side by Forum will yield all the success that is and the country. always associated with Dubai’s events,” side with the Summit. he added. She further pointed out that Swaziland will host a number Considered as the largest economic the theme of the summit being block of African countries, COMESA of COMESA meetings during Science and Technology, it was holds the key to the economic the month of August 2010, development of the region which is logical for the ICT Ministry to be expected to exceed the size of its market culminating in the Heads of involved, and said the country of 500 million consumers by the year State Summit to be held on 30- 2015 and is all set to lead to higher was proud of the opportunity to 31 August 2010. His Majesty King and sustainable levels of economic chair the bloc. growth which will provide unparallelled Mswati III is expected to assume opportunities for investors from all over Chairmanship of the COMESA the world, added Buamim. “You shall recall that there are Authority. many benefits derived from our He explained that the current workshop COMESA membership, including provides the fitting platform for In launching the website, establishing stronger trade ties between that the country was allowed to Dubai’s business community and the Minister of Commerce, Industry trade under derogation, which African counterparts.. and Trade Jabulile Mashwama afforded the country’s exports said it shall be useful to those The workshop included presentations entry into the COMESA market from Dr. Michael Gondwe, President of who do not stay in the country, at a minimum to zero duty. It is The Eastern & Southern African Trade and locals, in providing all therefore gratifying to host an and Development Bank on Finance in COMESA, Dr. Kombo Moyana, relevant information on the run- event of such magnitude,” she CEO, COMESA Clearing House on up to the summit and the event said. the Integration of Financial Services itself. in COMESA and Mrs. Heba Salama, Manager, COMESA Regional Investment The site has links to other Agency (RIA) on the investment climate “ The Ministry of Information, websites, like the Swaziland in the COMESA region. Communications, and government and others. It The COMESA region with its more than Technology (ICT ) is responsible provides information in both 389 million population and total GDP of for putting up the site. We English and French, as some over USD230bn offers high investment potential, as the region’s annual thank them for having made COMESA Member States are imports clocked USD32bn, and exports the task the success that it was. French speaking. registered USD82bn worth of goods www.comesa.int
  4. 4. COMESA judged “Best” in Service Provider 4 Category at the 22nd Malawi International Trade Fair, 21-29 May 2010 among other things, how exhibitors interpreted the theme in relation to what they were exhibiting and the link with their organisations or companies , the general display, as well as the presentation of exhibited material to the judges by the stand director. The Secretariat explained in detail how this year’s theme could not have come at a better time since the recently launched COMESA Customs Union is in harmony with the theme, as Member States can invest in each H.E Ngwazi Dr. Bingu Wa Mutharika presents the Best Service Provider Award to COMESA stand director, other’s countries, manufacture Helen Kenani, at the just concluded Malawi International Trade Fair goods and trade within the region while integrating the region into the global trade arena. In addition, trade in services is expected to deepen as Member States collaborate and liberalise this sector, with the region consolidating its Customs Union through partnerships within Member states and beyond. The judges were taken through COMESA’s vision, current integration status and opportunities that the integration programme had brought to the stakeholders thus far, citing the rise of trade from USD3 billion in 2000 (at the launch of the FTA) to about USD15 billion in 2008; The Acting Secretary General, Stephen Karangizi receives the trophy and Certificate of participation from Helen Kenani and Mary Ndoti, who represented COMESA at the fair. and were briefed on the envisaged A benefits of deepened integration s part of its strategy on standards of living of its people, including the Tripartite arrangement information dissemination with political and social stability and that is expected to result in programme and trade peace, and where goods, services, economic growth and development facilitation, COMESA Secretariat capital and labour freely move in line with the vision. participates at Member Sates’ across borders. International Trade Fairs which The participation of the Secretariat present an opportunity for the At the just concluded Malawi resulted in high publicity for Secretariat to meet with business International Trade Fair (MITF) COMESA programmes and its people, other stakeholders, with the theme, “Deepening integration agenda, which and students to whom the vital Trade Through partnerships”, the were evidently appreciated by integration information is imparted Secretariat was judged the Best in and explained. Information is shared the ‘Service Provider Category’ and stakeholders, with the COMESA on the various COMESA Programmes subsequently awarded a trophy Stand being visited by numerous that are geared towards attaining that was presented to the COMESA show goers culminating with the COMESA’S vision of attaining a stand director, by H.E President President and the First Lady’s visit fully integrated internationally Bingu Wa Mutharika on 22 May who were dully conducted through competitive Regional Economic 2010. the Stand. The participation of Community; within which there COMESA was therefore a success as is economic prosperity with high The judges were looking for, objectives were met. www.comesa.int
  5. 5. Intellectual property for development of the COMESA region 5 C OMESA adopted a institutions such as the Trade able to attend the workshop Regional Policy on Policy Training Centre in Africa have written confirming their intellectual property ( TRAPCA). In addition, India was willingness to collaborate. and Cultural industries represented at the workshop. (COMESA IP policy) at its 27th COMESA and WIPO Secretariats Meeting of Council in Lusaka, The theme throughout the held a meeting with the Zambia. The overall goal of the COMESA IP policy and the Director General of ARIPO in COMESA Policy is to ensure presentations made at the the margins of the workshop that the COMESA region is Workshop was to ensure that at the posh headquarters of transformed from a resource- Intellectual Property promotes ARIPO in Harare. It was agreed based and raw material the developmental and that ARIPO and COMESA economy to a ‘knowledge- technological needs of the will, under their cooperation based and innovation driven region. Agreement, meet within the economy’. It is strongly next few months to elaborate believed that this will enable After constructive and activities for implementing the the region to be competitive friendly deliberations, with COMESA IP Policy, particularly in the global economy and the stakeholders welcoming in the area of capacity international trade. all the presentations and building in the Member States, the IP Policy, the workshop utilising the excellent training As a first step towards the agreed on activities to be facilities at ARIPO and the implementation of the undertaken by COMESA jointly existing opportunities for COMESA IP Policy, a Workshop with partners that attended, attachments and internships. on Intellectual Property particularly, WIPO, UNCTAD, Other activities will include Rights, whose objective was ARIPO, and TRAPCA. WIPO sensitisation of stakeholders to exchange views on the and UNCTAD have already including the private sector COMESA IP Policy and put undertaken extensive activities and making progress in key together a partnership with in various Member States, priority programmes such as international and regional on which the region will promoting investment in the institutions to assist the build in implementing the pharmaceuticals sector and implementation, was held COMESA IP Policy, which both regional trade in medicines to in Harare on 3 May 2010. 74 institutions highly welcomed. deal with killer diseases in the participants at the Workshop Key immediate steps will be region and improve the living included stakeholders from to update the IP audit reports conditions of particularly the Government, the private sector, COMESA and WIPO funded in ordinary people. international and regional 2002, and to convene a meeting organisations, such as the of IP experts to refine the Events World Intellectual Property partnership and develop the 7-8 June 2010:. Kinshasa, Organisation ( WIPO), United activities for implementing the Democratic Republic of Congo, CAADP Launch, Nations Conference on Trade COMESA IP policy. This will be and Development (UNCTAD), followed by another meeting African Union Commission, and of stakeholders and Member 9-10 June 2010: Cairo, Egypt: National Consultation Workshop African Regional Intellectual States with participation and for Civil Society/Private Sector Property Organisation (ARIPO) assistance from the partners. organization as well as research and training Some partners who were not www.comesa.int
  6. 6. COMESA targets the simplification of 6 procedures for investment in the region C hief Executive Officers Mr Karangizi emphasised the sound activities related to and other senior officials need to speed up the COMESA investment promotion. In May of investment promotion investment agenda: “If the trade 2007, the COMESA Authority agencies in the COMESA region agenda has achieved some adopted the Investment met in Lusaka, Zambia on 3-4 important milestones, among Agreements for the CCIA. Some June 2010 to discuss a regional others, the COMESA Free Trade of its features include, opening Strategic Framework on the Area (FTA) which was launched up the investment space, simplification of procedures for in the year 2000, and the harmonising investment policies company registration, business Customs Union, since June 2009, and improving the business licensing and transparency, the investment agenda needs environment in the COMESA with the view to enhance the to be also speeded up,” said Mr region. business and investment climate Karangizi in his opening speech, in the COMESA region. pointing out that since the Mr Karangizi called upon the launch of the FTA intra-COMESA harmonisation of policies According to the COMESA trade increased from a mere US and mutual recognition of Assistant Secretary General Mr D 3.2 Bn in 2000, to a mammoth companies registered in one Stephen Karangizi, who opened USD 15.2 bn in 2009. COMESA country to operate in the meeting, the delegates another country, noting that addressed the findings of the Mr Karangizi added that to this would yield a number of COMESA Business Survey which implement the CCIA, the benefits including the ability to was undertaken in 2009. They COMESA Authority in 2003 share cross-border corporate additionally considered the decided to create the COMESA information and the ease of signing of Investment agreement Regional Investment Agency registration for companies. for the COMESA Common (RIA) which opened its offices He underscored the merit in Investment Area (CCIA) by the in Cairo, Egypt, in June involving the private sector COMESA Member States. 2006 and which is currently in the enhancement of the carrying out a number of business climate within the region. www.comesa.int