Cross-border traders in Eastern Province are looking forward to the completion and operationalisation of the Common Market for Eastern and Southern Africa (COMESA), trading centre in Chipata.
The construction of the COMESA market, valued at K25 million started in March, 2024 and is expected to be concluded this month.
Eastern Province Cross Border Traders Association (CBTA) vice president Goodson Mbewe says traders are highly expectant that trade activities will significantly improve between Zambia and countries within COMESA.
Mr Mbewe also said that the modern market infrastructure has the capacity to enhance business opportunities and strengthen regional trade linkages, especially now that Zambia has transitioned into a 24-hour economic model.
He explained that the facility will enable traders to operate beyond traditional business hours, increasing volumes of trade and improving access to regional markets.
The regional CBTA vice president was speaking after inspecting construction works of COMESA small scale cross boarder market being constructed with support from the European Union Development Fund in partnership with Small Scale Cross Boarder Trade Initiative
“The market is also intended to promote small-scale cross-border trade and support businesses across the COMESA region as it comes with essential facilities aimed at promoting safe, healthy and efficient trading condition,” he said.
Meanwhile, Site Engineer Mutale Chishimba reported that construction works were nearing completion, with only final touches, including the car park, remaining.
Meanwhile, traders at Mwami border post have also expressed optimism on the 24-hour economy model.
Charles Phiri, described the running of a 24-hour economy as a catalyst for economic development.