Sudan, COMESA sign €2.9 million funding agreement

comesa funding agreement with sudan
KHARTOUM, SUDAN  / September 4th 2016

Sudan will receive  2.9 million Euros from the COMESA Adjustment Facility (CAF) between 2016 and 2017 following the signing of a grant agreement with COMESA. This is an addition to a similar facility of 1.2 million Euros signed in May last year. The funds are provided by the European Union under the 9th and 10th European Development Fund (EDF) to support implementation of regional integration programmes in the country.
The Minister of International Cooperation, Dr. Kamal Hassan Ali and COMESA Secretary General Sindiso Ngwenya signed the agreement which will enable the release of the funds. This follows the fulfillment of the grant requirements by Sudan of paying  its outstanding contributions to the COMESA Fund.
The facility will focus on harnessing the export potential of the Sudan and facilitating the building of capacities to effectively implement and monitor COMESA’s regional programmes.

“The project particularly aims to strengthen capacities of national and private institutions to achieve regional Integration in enhancing livestock and leather sector value chain, Implementing and monitoring the regional commitments by the National inter-ministerial Coordinating committee, enhancing capacities of the Sudanese Business and Employers Federation to meet export requirements“, Ngwenya said.
The project shall also help enhance trade facilitation and support services in various sectors; and provide support the private sector in food safety management and traceability systems.