Kenya to access over €2 million through COMESA
This follows the signing of a grant agreement in Nairobi last week between Cabinet Secretary to the National Treasury, Mr Henry Rotich and the Secretary General of COMESA, Mr Sindiso Ngwenya.
The current agreement, which is an addendum to a previous one signed in 2013, will make available €2,469,963 in support of domestication and implementation of regional commitments at the national level to enhance the regional integration agenda. The 2013 agreement provided €1,764,345 bringing the total funding to €4,234,309.
This funding is part of the support under the COMESA Adjustment Facility (CAF) which is funded from the 9th European Development Fund Regional Integration Support Mechanism (RISM) programme. Kenya’s submission was approved by the COMESA Fund Ministerial Committee in September 2013.
The support provided to Kenya has already contributed to the elimination of non-tariff barriers that hinder trade and to setting up of a coordinating committee and secretariat that deals with regional integration matters at the national level.
In an effort to enhance regional integration, Kenya restructured the government institutional structure, pooling together departments implementing regional integration programmes and institutionalized wide stakeholder participation in policy and implementation of regional commitments.
Going forward, the country expects to improve its business environment by ensuring that the transit transport facilitation instruments such as vehicle dimensions and axle load limits are configured in line with COMESA and the East African Community.
An additional indicative amount of €4,730,805 is available for Kenya under the Adjustment Facility for the next two years and will be disbursed based on progress under the regional integration framework of the COMESA and EAC region.