- Published on 01 September 2017
Common Market for Eastern and Southern Africa (Comesa) Competition Commission’s regional one-stop shop competition authority is now operational, a move expected to boost foreign direct investment within the economic bloc.
The new set up means all transactions with a regional effect will now be addressed at Comesa Competition Commission without the interested parties necessarily going to member states for approval. This will see the cost of merger approvals going down in the Comesa region as well as improving on efficiency. Article 55 of the Treaty establishing Comesa sets out the foundation for the development of a competition policy in the Common Market. Comesa Competition Commission chief executive Dr George Lipimile, told journalists attending a Comesa Competition Workshop in Livingstone the initiative was a huge success. (Herald)