I. Strengthening Regional Business Networks
- The COMESA Business Council (CBC) is the official voice of the private sector in the COMESA region, with direct connections to governments, business associations, and enterprises.
- The platform will serve as a regional knowledge hub, allowing entrepreneurs and SMEs to access resources, share best practices, and expand their professional network.
II. Facilitating Investment and Financing Opportunities
- The CONNECT platform of the COMESA Business Council enhances access to investment and financing opportunities for businesses.
- Building on the CBC’s existing partnerships with financial institutions, companies will benefit from tailored financing programs and entrepreneurial development initiatives.
- The platform acts as a bridge between entrepreneurs, investors, and policymakers, creating an ecosystem conducive to business development in the Indian Ocean and the COMESA region.
III. Leveraging the COMESA Business Council’s Institutional Framework
- The CBC’s governance structure ensures credibility, regulatory compliance, and institutional support.
- The Indian Ocean Consultation Framework (CDC) will integrate with existing CBC programs, including:
- Trade facilitation and access to markets
- SME development programs
- Advocacy for business-friendly regulations
IV. Accelerating the Digital Transformation of Business Support Services
- The CDC aligns with the CBC’s digital transformation strategy, modernizing business support services.
- The platform will offer:
- A digital toolkit to enable businesses to access essential resources
- A networking space for professionals to exchange and collaborate
- A collaborative knowledge-sharing hub to promote best practices, ensuring that COMESA businesses remain competitive in the global economic arena.
V. Influencing Economic Policy Advocacy
- The CDC platform enables businesses to directly influence discussions on regional policies via the CBC.
- CBC acts as an intermediary between the private sector and policymakers, ensuring that business challenges are addressed in COMESA policies.
- The CDC strengthens the CBC’s advocacy efforts, ensuring a more favorable regulatory environment for both SMEs and large enterprises.
The CONNECT platform represents a major advancement in strengthening economic integration and business support in the Indian Ocean and the COMESA region.