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The Common Market for Eastern and Southern Africa (COMESA) is a regional economic community in Africa with twenty-one member states stretching from Tunisia to Eswatini. COMESA was formed in December 1994, replacing a Preferential Trade Area which had existed since 1981.
The SADC is the largest of the AFTZ member trade blocks and covers a population of some 248 million people and a zone whose cumulative GDP is $379bn in 2006. COMESA was established in 1994 as a replacement for the Preferential Trade Area. It includes 20 nations, with a combined GDP of US$286.7bn in 2006.
The most recent members to join were the Francophone African nations of Gabon and Togo on 29 June 2022, who along with Mozambique and Rwanda are unique in not having a historical constitutional relationship with the United Kingdom or other Commonwealth states. Currently, fifteen of the member states are Commonwealth realms, with the Head of the ...
The 29 tripartite member/partner countries represent 53% of the African Union's membership, more than 60% of continental GDP ($1.88 trillion), and a combined population of 800 million. [ 2 ] Negotiations between the three trade blocs first began in June 2011. [ 1 ]
Rank Country (or dependent territory) July 1, 2015 projection [1] % of pop. Average relative annual growth (%) [2] Average absolute annual growth [3]Estimated doubling time
The African Economic Community (AEC) is an organization of African Union states establishing grounds for mutual economic development among the majority of African states. The stated goals of the organization include the creation of free trade areas, customs unions, a single market, a central bank, and a common currency (see African Monetary Union) thus establishing an economic and monetary union.
Reverted to version as of 02:08, 24 July 2011 (UTC): not a member, only admitted to COMESA RCTG: 23:53, 16 January 2017: 1,000 × 1,000 (188 KB) Nobelium: Reverted and recoloured South Sudan via the CSS-part of the file in the very same green as the rest member states: 12:41, 31 October 2011: 1,000 × 1,000 (171 KB) Quintucket
Kenya is the only member state to not have any standing debt while all other member states have significant arrears of some kind; As of November 2024, the DRC owes US$20 million, Burundi US$17 million, South Sudan US$15.6 million, Somalia US$7 million, Rwanda $5.2 million and Uganda US$3.4 million. [88]