COMESA has adopted a number of treaties and protocols related to macroeconomic policy convergence to further benefit from deepened integration. In 1992, The Authority of Heads of State and Government adopted the COMESA Monetary Cooperation Programme towards the establishment of a Monetary Union in the year 2025. The date for the Achievement of the Monetary Union was later changed to 2018 by the COMESA Council of Ministers in 2006. The programme includes a number of stages leading to the establishment of the Monetary Union, namely, consolidation of existing instruments of monetary cooperation; introduction of limited currency convertibility and informal exchange rate union; formal exchange rate union and coordination of economic policies by a common monetary institution; and eventually realizing a full Monetary Union involving the use of one common currency issued by a common Central Bank. Thus, to achieve the Monetary Union, it was considered essential that the member States first undergo a process of monetary harmonization to attain macroeconomic convergence. In order to assess the implementation of the programme by member States, a number of convergence criteria were formulated, consistent with the African Monetary Cooperation Programme (AMCP). The COMESA Monetary Institute is managing the preparatory work for achieving the Monetary Union 2018 target.
COMESA created two Sub-Committees in order to enhance the implementation of the COMESA Monetary Integration Programme. The Monetary and Exchange Rates Policies Sub-Committee is responsible for devising appropriate monetary policy strategies and policy instruments while the Financial System Development and Stability Sub-Committee is responsible for developing strategies to diversify financial institutions and instruments in the region. The two Sub-Committees meet once a year to deliberate on their respective annual work plans. Moreover, the COMESA Convergence Council, comprising Ministries of Finance, Trade, Industry and Central Bank Governors was created by the 7th Summit of the COMESA Authority of Heads of State and Government in 2014 in Kinshasa, Democratic Republic of Congo in order to implement the COMESA Multilateral Macroeconomic Framework.
The COMESA Convergence Council is responsible for managing the implementation of the COMESA Multilateral Fiscal Surveillance Framework. However, to boost due to the slow implementation
The implementation of the programme, however, has been sluggish. To enhance the implementation of currency convertibility, member States were grouped into four clusters: Southern African subgroup; Northern African subgroup; Central and Eastern African subgroup; and Indian Ocean subgroup. Significant progress in implementation has been made in the Central and Eastern African subgroup in comparison to the others. The Northern African subgroup has, however, recently agreed on an action plan for the implementation of currency convertibility and has started quoting exchange rates of their neighbouring countries’ currencies in their forex Bureaus. Although implementation has been slow, progress is being made.
 COMESA, “Programmes” http://programmes.comesa.int/index.php?option=com_content&view=article&i… (accessed 30 May 2016).
There are two primary legal instruments governing the free movement of people in COMESA, the Protocol on the Gradual Relaxation and Eventual Elimination of Visa Requirements, and the Protocol on Free Movement of Persons, Labour, Services, the Right of Establishment and Residence. Since the adoption of the Free Movement Protocol in June 1998, only Burundi, Kenya, Rwanda and Zambia have signed, and Burundi being the only country ratifying it. Mauritius, Rwanda and Seychelles have since waived visas to all COMESA citizens, while Zambia has issued a circular waiving visas and visa fees for all COMESA nationals on official business. In order to meet national implementation challenges, the regional economic community set up the COMESA Model Law on Immigration to harmonize national laws and practices of member States, yet domestication is still slow.
On a much greater platform, TFTA only included a narrow element of free movement of business persons in the greater tripartite area. While the COMESA Business Council is actively working of movement of business people in COMESA region, the same programme has also been addresses at the tripartite level.
 COMESA, Three Member States drop visa requirements (Lusaka, Zambia, 2014). Available from http://www.comesa.int/attachments/article/1433/e-comesa_newsletter_440.pdf.
 EAC-COMESA-SADC, Agreement Establishing a tripartite Free Trade Area among the Common Market for Eastern and Southern Africa, the East African Community and the Southern African Development Community (2008). Available from http://www.eac.int/sites/default/files/docs/agreement_tripartite-fta_201….
 COMESA Business Council, COMESA Business People: Free Movement – More Trade (Lusaka, Zambia, 2007). Available from http://www.comesabusinesscouncil.org/comesabusinesscouncil/sites/all/the….
The strengthening of peace, security, stability and good governance are stated as one of its aims and objectives in article 3(d) of the Treaty Establishing COMESA. The fourth summit of the COMESA Authority that was held in Nairobi, Kenya in May 1999 mandated Ministers of Foreign Affairs of COMESA member States to meet annually to deliberate on matters regarding the promotion of peace, security and stability in the regional economic community. The workings were aligned with the framework of the African Union’s Peace and Security Architecture that work with regional economic communities on issues relating to preventing, managing and resolving conflicts on the continent.
The Committee on Peace and Security, which is composed of high-level officials of the Ministries of Foreign Affairs of Member States, correspondingly serves to enhance accountability and promote good governance in the regional economic community. More importantly, the Committee makes recommendation for the decision-making organ, the COMESA Authority. Recognizing the complexity of the conflicts in the region the COMESA Authority decided on a three-tier system for faster intervention, including programmes to strengthen stability, prevention of conflicts, and post conflict programmes for member States. COMESA has also established a Committee of Elders to better pursue the objectives.
To strengthen peace and ensure stability, COMESA set up the structures for the engagement of both State and non-State actors, and also strategic stakeholders across borders. Its conflict prevention programme is one of the established mechanisms to avert conflicts from breaking out by dealing with structural and economic instigating factors. In this context, the three primary programmes are: COMESA Conflict Early Warning System that is a part of the African Union Continental Early Warning system; WAR Economy Component of the Conflict Prevention, Management and Resolution Strategy for the Eastern and Southern Africa Region; and the Regional Political Integration and Human Security Support Programmes that aims to tackle post-conflict management issues for countries emerging from conflict not to relapse. An example is the current six Trade Information Desks that successfully serve the purpose of trading for peace and stability in conflicted border posts.
COMESA has, together with the European Union, Intergovernmental Authority on Development, East African Community and the Indian Ocean Commission, established an action plan to ensure regional maritime security in the fight against piracy. COMESA is, for instance, in the forefront of combating money laundering and financial intelligence of piracy in its region.
 United Nations, “Role of COMESA in Consolidating Peace, Security, Governance and Development within the context of Agenda 2063” (Africa Renewal, presentation given by Elizabeth Mutunga, Head of Governance, Peace and Security, 2014). Available from http://www.un.org/africarenewal/sites/www.un.org.africarenewal/files/COM….
 European Union, Programme to Promote Regional Maritime Security (Brussels, 2013). Available from http://ec.europa.eu/europeaid/sites/devco/files/aap-financing-africa-ind….
In conformity with the objectives stated in article 3 of the Treaty Establishing COMESA, member States have agreed to adhere to a wide number of principles. These principles include: inter-State cooperation, harmonization of policies and programmes among the member States and the active cooperation between neighbouring countries, and the promotion of a peaceful environment as a pre-requisite for their economic development. COMESA has, therefore, undertaken a number of initiatives to implement these principles – for example, the Programme on Climate Change Adaptation and Mitigation in the Eastern and Southern Africa Region, initiated together with EAC and SADC.
The regional economic community also has a comprehensive gender policy, including an implementation plan and a Gender Unit for its member States. Another example is the COMESA infrastructure fund that intends to raise a minimum of $1 billion for bankable infrastructure projects covering transport, information communications technology, energy, and transboundary water in the near future. The COMESA region has undertaken Road Sector Management and Funding Reforms where most of the countries have set up road funds and road development agencies in order to maintain both the regional and national road networks.
In November 2007, COMESA adopted the Model Energy Policy Framework to provide its member States with harmonized guidelines that would facilitate energy policy harmonization in the region. This Framework will improve efficiency and increase investment. In information and communications technology policies, COMESA is implementing a Cyber Security project, a policy and a model bill, and an implementation roadmap to assist member countries in the light of existing national, regional and international instruments, when they are developing policies on cyber security.
A key objective of the regional economic community is related to physical and institutional connectivity. COMESA has, in this regard, set up a number of infrastructure progarmmes intended to promote and lay emphasis on regional coordination and harmonization in the various modes of transport, telecommunications and energy. The programmes, therefore, cover development of harmonized policies and regulatory environments, facilitation in the development of physical infrastructure and infrastructure facilities. A number of key strategies have been identified to be employed to in order to achieve the infrastructure strategic objective indicated above. They include the following: development and revision of model policies and regulations (for Transport, ICT, and Energy); development of aid for trade programs along the major regional corridors including the establishment of One Stop Border Posts (OSBPs); development of legal and institutional frameworks for public private sector partnerships in order to increase the private sector participation in infrastructure development; and Implementation of a communication strategy for the dissemination of information on development of infrastructure projects to all stakeholders.
Over the years, COMESA has developed, adopted and implemented a number of model policy and regulatory guidelines in transport, ICT and energy, trade and transport facilitation instruments and priority infrastructure projects. Moreover, a number of regional associations of regulatory authorities have also been established in order to facilitate policy and regulatory harmonization as well as fostering capacity building and information sharing.
 Common Market for Eastern and Southern Africa, COMESA Region Key Infrastructure Projects (Lusaka, Zambia, 2014). Available from http://www.comesa.int/attachments/article/842/COMESA%20REGION%20KEY%20EC….
 Africa Union, Status of integration in Africa (Addis Ababa, 2013). Available from http://www.au.int/ar/sites/default/files/SIA%202013 (latest)_En.pdf.