Industry Ministers from the Common Market for Eastern and Southern Africa (COMESA) Member Countries have adopted key regional and national interventions to speed up industrial development in the region as contained in the regional Industrialization Strategy.
COMESA is an expanded free trade area with member states stretching from Libya to Swaziland, including members of the East African Community (EAC) and the Southern Africa Development Community (SADC) trade blocs.
The Industrial Strategy aims at structural economic transformation for the creation of jobs and wealth in the region for a ten-year period from 2017 to 2026.
“The document defines different responsibilities for the private sector as an engine in driving the strategy, Member States in creating an enabling business environment and COMESA Institutions are also involved,” said COMESA Director of Industry Thierry Mutombo.
COMESA institutions including the COMESA Business Council (CBC); the COMESA Competition Commission (CCC); the COMESA Monetary Institute (CMI); and the Leather and Leather Products Institute (LLP) have been assigned specific tasks in support of the strategy’s implementation.
The organization has included the Diaspora in the Industrialization Strategy “because of their contribution in providing financial resources, skills and technology capabilities.
The adoption meeting was attended by Ministers from Burundi, the Democratic Republic of Congo, Ethiopia, Madagascar, Mauritius, Seychelles, Sudan, Uganda and Zambia; with Egypt, Kenya, Libya, Malawi, Rwanda, Swaziland and Zimbabwe being represented by Permanent Secretaries, High Commissioners and Ambassadors.