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Ambassador Mohamed Kada, Assistant Secretary-General of the Common Market for Eastern and Southern Africa (COMESA), confirmed that Tunisia will host the COMESA Investment Forum (CIF 2024), which will be held on the 27th of this month and organized by the COMESA Regional Investment Agency with funding from the European Union and the participation of 21 countries. It aims to introduce the Tunisian business community to the programs and opportunities offered by the Common Market for Eastern and Southern Africa (COMESA) in various investment, commercial and other fields.
Speaking on the sidelines of a seminar organized on June 25 to enhance the capacity of investment agencies and institutions in COMESA countries, Kada said the forum would be an excellent opportunity to promote abundant investment and business opportunities for both the public and private sectors in Tunisia, in addition to reviewing joint investment and business opportunities in COMESA countries.
He added that Tunisia joined the COMESA organization in July 2018 and has just begun to benefit from its presence in the group, one of the largest major economic groups in Africa, and he stressed the importance of Tunisia’s presence in the COMESA group, as the Tunisian economy is one of the strong economies of the group.
Ambassador Mohamed Kada pointed out that Tunisia has close economic, investment and trade relations with many African countries in the organization, including Egypt, Libya, etc. These activities help to increase the openness of Tunisia’s economy to other economies. The organization not only provides business and investment, but also provides and benefits from projects and capabilities in education, health, environment, digital transformation, supply chain, programs to support women and youth, governance and other fields.
He said that the COMESA meeting not only helps to create investment and trade opportunities, but its main purpose is to achieve comprehensive development of Africa through cooperation among the countries of the organization and integration with other countries and economic groups on the African continent. COMESA has also established strategic partnerships with major international institutions such as the European Union, the World Bank and the African Development Bank, which helps to establish international partnerships with the countries of the organization.
He noted that the Regional Investment Agency (RIA) is organizing a workshop during the forum to strengthen the capacity of COMESA national investment agencies, help them plan and develop cadres who can lead the future. The workshop also aims to provide opportunities for bilateral partnerships between the participants.
Notably, the COMESA Africa Investment Forum (CIF 2024) has over 250 participants, including ministers, policymakers, private sector representatives, and heads of investment and investment promotion agencies and institutions from more than 21 African countries.
The meeting was also attended by a number of international, African and Tunisian organizations and institutions, including the European Commission, the Organisation for Economic Co-operation and Development (OECD), Tunisian ministries, the Tunisian Federation of Industry, Commerce and Handicrafts, the Investment Promotion Agency, and heads of investment promotion agencies of COMESA countries, as well as business and investor leaders in various strategic sectors.
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