International trade and economy of COMESA (Common market for Eastern and Southern Africa) region
With its 19 member economies, population of 389 million and
annual import of 32 billion USD with an export
of 82 billion USD, the COMESA (Burundi, Comoros, Democratic Republic of Congo, Djibouti, Egypt, Eritrea, Ethiopia, Kenya, Libya, Madagascar, Malawi, Mauritius, Rwanda, Seychelles, Sudan, Swaziland, Tanzania, Uganda, Zambia and Zimbabwe.) forms a major market place for
regional and internal Trade.
The area of COMESA (Common market for Eastern and Southern Africa) is impressive on the map of the African Continent
covering a area of 12 Million (Km²).
Despite the global crisis, growth in Sub Sahara Africa (SSA) continued to be
strong growing by 5.9% .
Example of the course doing business in COMESA countries:
In 2008, the amount of Foreign direct investment (FDI) going to the oil exporting economies
decreased to 20% of Gross domestic product (GDP) from 22% in 2007.