President of the Malawi Confederation of Chambers of Commerce and Industry, Prince Kapondamgaga was elected as a Board Member of Comesa Business council (CBC) at a meeting held in Zambia.
The Board which will be chaired by Mauritius Chamber of Commerce and Industry President, also elected at the same meeting, will serve from 2018-2020. The meeting also elected Sudan Union of Chambers of Commerce and Kenya Association of Manufacturers as first and second vice chairperson.
Established in 2005, under the Treaty of the Common Market for Eastern and Southern Africa (COMESA), the Comesa Business Council (CBC) is a business member organization and a private sector institution of the Comesa. The membership of the CBC is mainly composed of private sector national associations representing various sectors of national economies of member States.
Constitutionally managed by a Board of Directors, the main objectives of the CBC are to promote private sector representation through facilitation of business interests to all levels of policy making in the region and to ensure private sector development in growth sectors that contribute to the overall competitiveness of businesses in regional and global markets.