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.


s
Sudan Tribune

Promote your Page too

Latest Comments & Analysis


The 62nd anniversary of Torit popular uprising 2017-08-17 00:23:12 By Arop Madut Arop As the people of the Republic of South Sudan mark and celebrate the 62nd anniversary of August 18th, 1955 Torit uprising, it would extremely be important to recall the events (...)

What is the value of water? 2017-08-14 21:28:25 By Innocent Ntabana When you and I breathe in fresh air, the amount I inhale affects you in no way. This is because air is abundant and so there’s plenty of it to go around. We actually take it (...)

The paradox of weapons collection in Darfur 2017-08-13 09:13:14 By Mahmoud A. Suleiman As a Sudanese people who long for stability, peace and security, we have no objection to the decision to collect unlicensed weapons throughout Sudan, but our reservation (...)


MORE






Latest Press Releases


New group formed to gather Nuer in United States 2017-08-17 14:15:50 DECLARATION FOR THE FORMATION OF NUD TO BRING TOGETHER ALL NUER IN THE U.S.A Press Statement The Nuer Union For Development (NUD) The United State of America The State of Nebraska August 15, (...)

A prominent Sudan Women and Civil rights activist passed away 2017-08-14 21:09:47 The Strategic Initiative for Women in the Horn of Africa (SIHA) Khartoum, Sudan-August 14 2017 In the early hours of Saturday 12th August Fatima Ahmed Ibrahim, a renowned Sudanese leader of the (...)

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 (...)


MORE

Copyright © 2003-2017 SudanTribune - All rights reserved.