Home | News    Wednesday 7 September 2016

Sudan signs €2,9 million grant agreement with COMESA

separation
increase
decrease
separation
separation

September 6, 2016 (KHARTOUM) - Sudanese government on Tuesday has signed a grant agreement with the Common Market for Eastern and Southern Africa (COMESA) enabling it to receive €2,9 million from the COMESA Adjustment Facility (CAF) between 2016 and 2017.

JPEG - 17.1 kb
Sudanese president Omer Hassan al-Bashir attends the opening ceremony of the 15th COMESA Heads of State and Government taking place in Lilongwe October 14, 2011 (AFP)

The agreement was signed by Sudan’s Minister of International Cooperation, Kamal Hassan Ali and COMESA Secretary General Sindiso Ngwenya.

In May 2015, COMESA granted Sudan €1.2 million.

The funds are provided by the European Union under the 9th and 10th European Development Fund (EDF) to support implementation of regional integration programmes in the country.

Following the signing, Ali praised support that COMESA continued to render to Sudan since its inception in 1994, saying his government has met all COMESA requirements and indicators.

He pointed that Sudan has received €1,249,922 million in 2016, saying COMESA funding is allocated according to projects submitted by each member country and aimed to expand regional integration and promote private sector.

For his part, Ngwenya said COMESA would provide additional support for Khartoum particularly with regard to its endeavour to join the International Trade Organization (ITO).

He said that Sudan enjoys unique comparative advantages in the domains of agriculture, minerals and animal wealth which would enable it to join the ITO.

Sudan’s state minister of commerce al-Sadiq Mohamed Hassab al-Rasoul, for his part, pointed to the importance of the grant agreement, saying it would support Sudan’s capacity to promote its exports and enhance its competitiveness in the regional markets.

He added that Sudan has qualified to receive $1,3 million in 2018 to be allocated for the same purpose.

COMESA is a free trade area with twenty member states stretching from Libya to Swaziland. It was formed in December 1994, replacing a Preferential Trade Area which had existed since 1981. Sudan joined the market in 1990.

(ST)

Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.

Comment on this article



The following ads are provided by Google. SudanTribune has no authority on it.


Sudan Tribune

Promote your Page too

Latest Comments & Analysis


Darfur, the most ‘successful’ genocide in a century 2017-04-21 23:16:47 By Eric Reeves The Darfur region of western Sudan has been recognized since 2004 as the site of genocide since 2004 by dozens of political officials and bodies (including the U.S. Congress and (...)

Open Letter to AU and IGAD: Festus Mogae be relieved and JMEC disbanded 2017-04-21 23:12:39 By Dak Buoth It is an opportune time for President Festus Mogae, the Chair of the Joint Monitoring and Evaluation commission (JMEC) to pack and go back where he came from. And if he so wishes to (...)

The Nile Basin In Transformation: research uptake and what’s at stake? 2017-04-20 14:55:55 Mohamed s. M. Yassin (Ph.D) The Nile basin territories have witnessed huge transformation since prehistoric era and continue to be subjected to enormous transformations. The transformations (...)


MORE






Latest Press Releases


HRW denounces "collective punishment" in South Sudan’s Wau 2017-04-15 07:06:48 Human Right Watch South Sudan: New Spate of Ethnic Killings Urgent Need for Justice; UN Should Increase Patrols in Wau (Nairobi, April 14, 2017) – Government soldiers and allied militias (...)

Statement by South Sudanese Communist Party on the National Dialoguel 2017-03-22 05:44:42 The Communist Party of South Sudan On the Initiative of the National Dialogue The initiative taken by the President of the Republic of South Sudan declaring a need for a national dialogue is an (...)

An Appeal to President of the Republic of South Sudan 2017-03-15 07:22:45 Dear. Mr. President, I write to appeal to you for the release of political detainees now in the custody of the National Security Service at Jebel and other detention facilities. In doing this, I (...)


MORE

Copyright © 2003-2017 SudanTribune - All rights reserved.