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Newsletter Issue #: 655 1St March, 2021 COMESA Sub-Delegates Upgrading of Chirundu Border Post to Zimbabwe Worth €4.1Million 1

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Newsletter Issue #: 655 1St March, 2021 COMESA Sub-Delegates Upgrading of Chirundu Border Post to Zimbabwe Worth €4.1Million 1 newsletter Issue #: 655_1st March, 2021 COMESA Sub-Delegates Upgrading of Chirundu Border Post to Zimbabwe Worth €4.1million 1 OMESA and Zimbabwe have signed Trade Zimbabwe, Ambassador James “He added: “The support is a testimony of the Can agreement that sub-delegates the Manzou, separately signed the sub- continued and strengthened collaboration implementation of coordinated border delegation agreement mid-February 2021 in between Zimbabwe and the European Union.” management activities, trade and transport Lusaka and Harare respectively. facilitation programme at the Chirundu Ambassador Manzou explained that the border post. Ambassador Manzou stated that the signing modalities of implementation of the sub- of the sub-delegation agreement came delegated activities envisage the beneficiary The sub-delegated activities are worth 4.1 after an assessment of existing challenges, member state, taking ownership and lead in million Euros. The funds will be sued to conducted at the targeted border post, the implementation of the activities, in line support upgrading of priority cross-border in early 2020. He thanked the EU for the with the EDF procurement procedures. infrastructure and equipment at Chirundu support rendered under the programme border between Zimbabwe and Zambia. through COMESA Secretariat to improve the “The benefits for sub-delegation are that the This is part of the 48 million Euros Trade facilitation of trade at Chirundu border post. Zimbabwe Ministry of Foreign Affairs and Facilitation Programme (TFP), financed under International Trade and beneficiary border the 11th European Development Fund (11 EDF) agencies in Zimbabwe will improve their own from the European Union (EU) to COMESA. The European Union systems. It is also an opportunity to upgrade the border infrastructures on the basis that The TFP has five key result areas, among applauds the signing of the Ministry is best placed to understand the them deepening regional integration, the agreement between challenges and provide the best decisions of improving inclusive regional economic Zambia and Zimbabwe as mitigating these challenges,” the COMESA growth and enhancing the competitiveness it showcases a regional Secretary General said. of the COMESA region. partnership which will strengthen trade facilitation She added that COMESA will facilitate COMESA Secretary General, Ms Chileshe in the region.” Mr. Jacek financial, logistical and administrative Kapwepwe, and the Permanent Secretary, processes. The funds will also support ILO Director Mr. George Okutho and Secretary General Chileshe Kapwepwe Ministry of Foreign Affairs and International Jankowski page 3 This bulletin is published by the COMESA Secretariat Corporate Communications Unit but does not necessarily represent views of the Secretariat. For Feedback: [email protected] Contact Address : COMESA SECRETARIAT, COMESA Center , Ben Bella Road P.O. Box 30051, +260 211 229 725, +260 211 225 107 www.comesa.int; email: [email protected] WEEKLY NEWSLETTER Digital Finance has Thrived in COMESA Region During COVID-19 Pandemic WEEKLY NEWSLETTER WEEKLY 2 he growth of digital finance in the factor for economic development since it distancing which is very important for TCOMESA region has deepened financial enhances equitable access to finance and containing the spread of COVID-19,” states inclusion of millions of people, households consequently economic opportunities. Dr Njoroge. and firms thus cushioning them against the negative effects of the COVID-19 pandemic. Based on the most recent data from the On the flipside, he noted there is still According to a report prepared by Senior World Bank (2018), COMESA region has much to be done on deepening financial Economist at the COMESA Monetary experienced a faster pace of financial inclusion. Among these are low levels Institute, Dr Lucas Njoroge, digital finance, inclusion, surpassing Sub-Saharan of financial literacy that exist in most driven by mobile money and agent banking, Africa average. The number of financially COMESA countries and tradition. has proven critical during the pandemic included in COMESA has more than in reaching the poor in different social doubled in the last decade, from 23% in 2011 “There is also a huge challenge to convince economic conditions. to 32% in 2014 and further to 48% in 2017. customers to change from their traditional ways of accessing and using financial “These has enabled millions of previously Some of the measures that have enhanced services,” Dr Njoroge says. “Perceptions unbanked individuals, households and financial inclusion during the COVID-19 of risk, lack of consumer protection small and medium scale enterprises, pandemic in the COMESA States includes or technology failure have tended to offering affordable, instant, reliable services the introduction of cash transfers to the reinforce mistrust which can only be on payments, savings, credit, and insurance poor through mobile money cash transfers, addressed through financial education and services, among other services,” he noted. encouraging cashless payment and awareness.” scrapping transaction fees between banks In his paper titled ‘Financial Inclusion and and Telcos for values of less than or equal Among policy recommendations in the COVID-19 in the COMESA Region’ Dr Njoroge to $10 dollars. paper is to encourage digital financial noted that individuals and firms have been services is through public awareness and empowered to maximize their potential Dr Njoroge noted that these measures financial literacy among end-users and by increasing access to adequate financial have ensured the survival of the affected to demystify adopting digital financial services, thereby allowing them to make financial inclusion stakeholders. technology. This is in addition to reducing optimal decisions to enhance lives and tariffs on digital services to increase the livelihoods in the midst of disruption. “The use of online banking, prepaid cards number of users and addressing concerns and mobile wallets have offered benefits of of trust, regulation, financial capabilities, According to the World Bank, financial convenience, speed, security and affordable compliance and interoperability. inclusion is the access to and use of pricing that did not exist with traditional formal financial services and an important banking….at the same time allowing social COMESA Sub- Delegates Upgrading... continued from page 1 capacity building for stakeholders on innovative and state of the art border operations. In addition, Ethiopia will implement an awareness campaign on 3 border information targeting customs cooperation and trade facilitation instruments. File/: TIDOs training at COMESA Secretariat “The desire of the Zimbabwean Government is to build on current trade facilitation efforts Capacity Building Programme for through programmes, such as the COMESA EDF 11 Trade Facilitation Project,” the Border Trade Officials Underway Permanent Secretary said. “The interventions at the border post are expected to enhance training programme to build the The aim of the SSCBTI is to increase formal efficiency and ultimately reduce the cost of capacity of trade information desk small scale cross border trade flows in the doing business. The support is, therefore, A officers stationed at selected border posts COMESA/Tripartite region leading to higher timely as Zimbabwe grapples with the is underway. The objective is to integrate revenue collection by governments as well negative effects of the COVID-19 Pandemic.” them in border operations and enhance their as increased security and higher incomes for Mr. Jacek Jankowski, Ambassador of the working relationship with State agencies small scale cross border traders. European Union to Zambia and Special manning border posts. Representative to COMESA affirmed thus: During the training, the TIDOs were taken “The European Union applauds the signing The Trade Information Desk Officers through trade procedures for clearing goods of the agreement between Zambia and (TIDOs) are stationed in selected borders under the STR threshold and the Regulations Zimbabwe as it showcases a regional in the COMESA region primarily to provide on the Minimum Standards for the Treatment partnership which will strengthen trade trade facilitation services and smooth of Small-Scale Cross Border Traders. The facilitation in the region.” implementation of small scale cross border training also provided insights on the cross- trade. border data collection activities. He added: “The EU and its member States are keen to share their experiences from On Tuesday 23 February 2021, TIDOs from the Addressing the TIDOs during the opening our own common market integration to following border posts; Chirundu (Zambia/ of the training, the Secretary General of steadily improve connectivity and regional Zimbabwe), Kasumbalesa (DR Congo/Zambia, COMESA, Chileshe Kapwepwe said it will integration in Africa.” Mwami/Mchinji (Malawi/Zambia) and ensure they are equipped with skills to Nakonde (Zambia/Tanzania) went through interact better with border officials, cross Mr. Timo Olkkonen, the Ambassador of the a virtual training on the provisions and border trade associations and coordinating European Union to Zimbabwe observed that: implementation of the COMESA Simplified ministries’ staff. “All countries in the region have a lot to Trade Regime (STR). The STR provides for benefit from deepened regional integration small-scale traders to qualify for duty-free “TIDOs are the face of the programme at and increased trade.
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