**Investment, Development and Trade: Key Recommendations from the COMESA Business Forum in Bujumbura**
The Common Market for Eastern and Southern Africa (COMESA) Business Forum held recently in Bujumbura witnessed rich discussions and recommendations that are crucial for the economic development of the region. Participants highlighted the importance of mobilizing financing, creating investment banks and strengthening value chains to promote local processing of natural resources.
One of the key recommendations from this forum is the need to consolidate trade between member states by establishing facilities in accordance with the Simplified Trade Regime (RECOS). This initiative aims to boost intra-regional trade and facilitate trade within the COMESA zone.
In addition, mobilizing financing and creating investment banks were highlighted as key levers to enable the processing of natural resources locally. Indeed, by promoting local investment and supporting the development of economic infrastructure, it is possible to maximize the region’s natural resources and create new employment opportunities.
During this forum, the Minister of Foreign Trade of the Democratic Republic of Congo had the honor of welcoming the Burundian President for a visit to the stands where local products were exhibited. This meeting highlighted the importance of supporting local economic actors and promoting intra-African trade.
By encouraging entrepreneurs who fight against imports to create wealth and jobs, the Burundian President stressed the importance of promoting a dynamic and resilient local economy. This commitment to economic development and the creation of opportunities for all is a strong signal for the future of the region.
In conclusion, the COMESA Business Forum in Bujumbura was an opportunity to highlight the major challenges facing the region, but also to propose concrete solutions to promote economic growth and sustainable development. By focusing on investment, the development of value chains and the promotion of local trade, it is possible to create an environment conducive to the economic development of all actors in the COMESA region.