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% | |