K25 million COMESA trading centre set for…

Cross-border traders in Eastern Province are looking forward to the completion and operationalisation of the Common Market for Eastern and Southern Africa (COMESA), trading centre in Chipata. The construction of the COMESA market, valued at K25 million started in March, 2024 and is expected to be concluded this month. Eastern Province Cross Border Traders Association (CBTA) Vice president Goodson Mbewe says traders are highly expectant that trade activities will significantly improve between Zambia and countries within COMESA.

Mr Mbewe also said that the modern market infrastructure has the capacity to enhance business opportunities and strengthen regional trade linkages, especially now that Zambia has transitioned into a 24-hour economic model. He explained that the facility will enable traders to operate beyond traditional business hours, increasing volumes of trade and improving access to regional markets. He said the infrastructure, specifically designed to support cross-border trade, is expected not only to boost trade within COMESA but also to enhance economic activities within the province.

Mr Mbewe said the trade facility design, uniquely caters to traders from Zambia and neighboring countries, particularly those near border areas, providing them with easier access to a centralized trading hub. He said once operational, the facility was expected to generate multiple economic benefits due to increased trader activity and the anticipated influx of people. “The structure has been designed to accommodate various categories of trade, including fresh agricultural produce, meat products, fish both fresh and dry, vegetables, grains, and non-consumable goods,” he said. He also mentioned that priority will be given to products manufactured within the COMESA region, giving them a competitive advantage in the market.