Tag Archive for: Namibia

The Republic of Namibia has become the eighth country to ratify the Tripartite Free Trade Area (TFTA) Agreement moving the region closer to having a fully operational Agreement this year. Six more countries are required for the Agreement to enter into force.

Tripartite Coordinator at COMESA Secretariat, Dr Seth Gor has confirmed in Lusaka that seven more countries from the EAC-COMESA-SADC are at advanced stages of ratifying the important document which will spur intra-regional trade. “We are optimistic that the remaining six countries will ratify the Agreement and we can have it fully operational this year,” Dr Gor said.

Dr Gor also revealed that the Republic of Burundi deposited its instrument of ratification in November 2019. The TFTA is a building block for the African Continental Free Trade Area (AfCFTA) and its aim is to gradually reduce the tariffs for all goods traded in the bloc to zero percent.

The TFTA is focusing on three pillars, Market Integration, Industrial Development and Infrastructure Development. These three areas have been prioritised to support the regional economic integration efforts in the region and the continent.

Other Member States that have so far ratified the TFTA Agreement are Egypt, Uganda, Kenya, South Africa, Rwanda, Botswana and Burundi.

The TFTA was launched in Sharm-el-Sheikh, Egypt on 10 June 2015 and signed by 22 of the original 26 countries covered by the deal. Tunisia, Somalia and South Sudan have since joined the configuration, bringing the total membership to 29 countries. These countries together represent 53 percent of the African Union membership, 60 percent of continental GDP and a combined population of 800 million.

According to trade experts, if the TFTA countries were one country, it would be the thirteenth largest economy in the world. Merchandise trade within the Tripartite region grew from US$23 billion in 2004 to US$55 billion in 2012 – an increase of 140 per cent during this period, reinforcing the ‘Africa rising’ narrative.

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Sources: [1], [2]. Image sources: Joe McDaniel [1], [2].

Thesis on Hurdles and Costs Relating to Expats in Africa (2000); qualified as a Global Mobility Specialist (GMS).Rene-Stegman-Profile15

Rene has been running Relocation Africa since and has delivered a diverse portfolio of programs and services regarding migration to the African continent. Relocation Africa’s services now include Research (surveys) and International Payroll/payment management services for African countries. Rene also provides HR consultation services to Corporates investing into Africa. As a SARA member, Rene contributes to the local remuneration industry as well as infusing the ERC with some African exposure.  Relocation Africa is a proud member of TIRA and she was elected Vice President of the association (2016).  Her company holds many prestigious awards and Rene was recognized for her valuable contribution to the MI Group’s Worldwide Partner Network International Advisory Council (2014/’15).  Rene and her family live in Cape Town where she and her husband, Andrew, work together.   Her undying love for what she does can be seen in every aspect of how Relocation Africa conducts business.

Airports in Namibia and Zambia have implemented new passenger charges, effective immediately.

The Namibian Airports Company has introduced an Airport Security Charge of NAD71 (R71) per passenger on all flights from all of Namibia’s airports.

The Civil Aviation Authority in Zambia has implemented a new passenger safety charge of US$10 (R137) per passenger for departures from all Zambian airports.

According to Air Namibia’s country manager for South Africa, Margaret de Gois, the new charges will be added to tickets and will appear in the fare breakdown as an additional charge.