— COMESA mobilises $8.8million from Member States

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COMESA mobilises $8.8million from Member States


Lusaka, December 1st, ZANIS–The Common Market for Eastern and Southern Africa (COMESA) has mobilized $8.8million from Member States by the month of November, 2014.


Assistant Secretary General in charge of Administration and Finance Amb Nagla El-Hussainy confirmed this in Lusaka, today.



She disclosed that this was done through the annual review of the Formula of contributions based on the most available statistics undertaken by the Secretariat.


Meanwhile, Ms El-Hussainy has called on its Member States to pay their due contributions to the regular budget of the regional organisation.


ZANIS reports that this was heard during the first meeting of the COMESA Policy Organs which kicked off in Lusaka today.


Ms El-Hussainy has since urged the Administrative and Budget Committee to persuade Member States who are in arrears to pay their contributions.


The committee is comprised of accounting officers from COMESA Coordinating Ministries.


And the Secretariat has proposed a consolidated budget of $64.40 million for the year 2015 which is a slight increase from $ 64.20 million for the 2014 Budget.


This is according to a statement issued to ZANIS in Lusaka today by COMESA public relations officer Mwangi Gakunga