COMFWB Federation of Women in Business
Distr
Limited Original: ENGLISH COMFWB/SC/II/24
September 2024
COMESA Federation of National Associations of Women in Business(COMFWB)
28th Meeting of the Subcommittee on Audit and Budgetary Matters 15th - 18th October 2024
COMFWB 2025 DRAFT BUDGET
Introduction
The Federation of National Associations of Women in Business (COMFWB) is a COMESA institution which promotes women in Business interventions in the COMESA region.
2025 Draft Budget
In developing the 2025 Draft Budget, COMFWB has been guided by the existing Medium Term Strategic Plan (MTSP) 2021-2026. The 2024 budget aims at realization of the following strategic priorities:
- Strategic Priority 1: Institutional and Financial Capacity
- Strategic Priority 2: Programme Development
- Strategic Priority 3: To Strengthen Development Programs for Women in Business
- Strategic Priority 4: Advocacy, Public Awareness and Branding
COMWB 2025 DRAFT BUDGET
The table below details the 2025 draft budget for consideration by the Subcommittee on Audit and Budgetary Matters.
COMFWB 2025 DRAFT BUDGET
| BUDGET LINE DESCRIPTION | 2024 APPROVED BUDGET | APPROVED REALLOCATION | BUDGET AFTER REALLOCATION | 2025 DRAFT BUDGET | INCR/DRC | INCR/DCR | NOTE | |
|---|---|---|---|---|---|---|---|---|
| Staff Costs | COM$ | COM$ | COM$ | COM$ | COM$ | % | ||
| 1 | Basic Salary | 279,403 | - | 279,403 | 285,506 | 6,103 | 2% | |
| 2 | Housing allowance | 107,274 | - | 107,274 | 104,509 | (2,765) | -3% | |
| 3 | Gratuity allowance | 41,910 | - | 41,910 | 42,826 | 916 | 2% | |
| 4 | Spouse allowance | 1,652 | - | 1,652 | 826 | (826) | -50% | |
| 5 | Education allowance | 20,000 | - | 20,000 | 25,000 | 5,000 | 25% | |
| 6 | Depandancy allowance | 6,410 | - | 6,410 | 6,430 | 20 | 0% | |
| 7 | Terminal benefits | 8,000 | 8,000 | 100% | ||||
| 8 | Overtime allowance | 2,500 | - | 2,500 | 2,500 | - | 0% | |
| 9 | Medical allowance | 20,250 | - | 20,250 | 33,750 | 13,500 | 67% | |
| 10 | Group Medical Scheme | 2,000 | - | 2,000 | 2,000 | - | 0% | |
| Total staff costs | 481,399 | - | 481,399 | 511,347 | 29,948 | 6% | 1 | |
| Program Implementation | ||||||||
| 11 | Cassava Cluster Project Implementation | 27,000 | - | 27,000 | 30,000 | 3,000 | 11% | 2 |
| 12 | Incubator and cluster projects | 30,000 | - | 30,000 | - | (30,000) | -100% |