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


Egypt’s Strategic Water Security: The myth and the truth 2017-03-24 08:19:56 By Ermias Hailu Following to the end of the second world war Egypt’s failure to integrate Eritrea to its territories, due to Emperor Haile Selassie’s superior diplomatic skills, the then Pan- Arab (...)

South Sudan famine is a wake-up call to revive dead peace deal 2017-03-20 15:57:01 By Brian Adeba News that a famine has been declared in South Sudan is yet another stark reminder of the ever evolving nature of war-induced fragility in Africa’s newest country. As the world (...)

Africa’s next level of economic transformation 2017-03-20 05:57:00 By Jim Yong Kim The G20 finance ministers met last week in Germany to discuss critical challenges facing the global economy, from climate change to migration to humanitarian emergencies like the (...)


MORE






Latest Press Releases


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 (...)

Militias of Bashir’s Regime and the Proxy War (1) 2017-02-08 21:49:09 Sudan Democracy First Group Militias of Bashir’s Regime and the Proxy War (1) War in the Blue Nile: Militias in the hunt of refugees and displaced population Introduction Throughout its rule, (...)


MORE

Copyright © 2003-2017 SudanTribune - All rights reserved.