COMMON MARKET FOR EASTERN AND SOUTHERN AFRICA
Uganda Reinsurance Company Limited was re-designated as the COMESA National Bureau of Uganda with effect from 01st January 2020.
The scheme was established in 1986 upon signing a protocol in Ethiopia – Addis Ababa 1987, the agreement on implementation was signed by thirteen (13) member countries as mentioned below:
Uganda, Kenya, Burundi, Rwanda, DR. Congo, Tanzania, Zambia, Zimbabwe, Ethiopia, Djibouti, Eritrea, Malawi and Central Sudan. The Comesa headquarters (COMESA Secretariat) are based in Zambia – Lusaka.
The main objective of the Comesa Yellow Cards Scheme is to provide minimum guarantee of compensation for the third- party road accident victims as required by the law in force in the territories being visited or transiting. By design, the yellow card also seeks to achieve the following:
Facilitate the smooth flow and movement of vehicles between member states.
Provides common system for claims settlement across borders of all member states participating in the scheme.
Acts as a work instrument of regional integration and the realization of common insurance practices and laws for the common benefit of the motoring public.