Guest Contributor | Oct 14, 2021 | 0
Lesotho passes SACU chairmanship baton to Namibia
The Minister of Finance of the Kingdom of Lesotho, Moeketsi Majoro officially handed the Chairmanship of the Southern African Customs Union (SACU) Council of Ministers to Finance Minister Hon. Calle Schlettwein in Windhoek on Thursday.
The Chairmanship rotates among the member states in alphabetical order over a period of 12 months.
Accepting the responsibility, Hon. Schlettwein stated that the customs area should reposition itself to boost its competitiveness and total factor productivity to attract investment flows and promote expansion of trade
Meanwhile, the transaction will see Namibia steering negotiations of the ongoing deliberations to come up with an equitable revenue sharing formula for members South Africa, Namibia, Botswana, Lesotho and Swaziland.
Caption: Minister of Finance of the Kingdom of Lesotho, Moeketsi Majoro officially transferring the SACU chair to Finance Minister Hon Calle Schlettwein.