Business forum
"A ripe melon falls by itself" - Zimbabwe proverb
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Business Forum to Be Held After COMESA Summit. Nairobi Africa
found at Bua News (Tshwane) & allafrica.com April 30, 2007 The 12th Summit of heads of State of the Common Market for East and Southern Africa (COMESA), will also witness a gathering of about 500 leaders from the region to attend a business forum. The COMESA summit will be held on 17 and 18 May. The business forum, which will take place on May 22 and 23, will include a round-table meeting with the COMESA Council of Ministers, after which Kenya will take over the Chairmanship of COMESA Policy Organs. The Business Forum will be part of meetings of the COMESA Policy Organs scheduled for May 11 to 19 at the Kenyatta International Conference Centre in Nairobi. During the Business Forum, businessmen from COMESA member states will discuss issues of common interest regarding the strengthening, deepening and expansion of trade and investment in the region. COMESA is Kenya's leading export destination accounting for 36.6 per cent of its total exports in 2005 compared with 25.4 per cent to the European Union EU in the same period. The Business Forum presents a great opportunity for Kenya to showcase itself as the dominant economy in the region. The 20 member COMESA region, has an estimated combined population of 400 million people and covers an area of over 12 million square kilometres, compared to the Southern African Development Community's estimated 9.8 million square kilometre area and 233 million people. The two organisations have overlapping memberships. COMESA member countries are Angola, Burundi, Comoros, Democratic Republic of Congo, Djibouti, Egypt, Eritrea, Ethiopia, Kenya, Libya, Madagascar, Malawi, Mauritius, Rwanda, Seychelles, Sudan, Swaziland, Uganda, Zambia and Zimbabwe. SADC's 14 member countries are Angola, Botswana, Democratic Republic of Congo, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, South Africa, Swaziland, Tanzania, Zambia and Zimbabwe. The main focus during the Nairobi meeting will be to strengthen and consolidate the Free Trade Area, push forward the agenda of deepening integration through the Customs Union and consider progress on Economic Partnership Agreement Negotiations with the European Union (EU). - BuaNews-NNN
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