Business
SACU Summit Urges Economic Integration
Heads of State and Governments of the Southern Africa Customs Union (SACU) on Friday, in Pretoria, restated the need to transform the union into a vehicle for regional economic integration.
Rising from a two-day summit, the leaders said the union must be capable of promoting equitable development.
In a communiqué at the end of the summit, the leaders also said the transformation was necessary to ensure that the union achieved its new vision.
The union had in April at a gathering in Windhoek, Namibia, agreed on a new vision to be ‘an economic community with equitable and sustainable development, dedicated to the welfare of its people and a common future’.
The Heads of State and Governments observed that over the past 100 years, SACU had been confronted with several challenges, which necessitated its continuous adaptation.
“Current challenges and strategic opportunities require that we do things in a different way to the benefit of all members of SACU,” the leaders stated.
They, however, recognised that in spite of the challenges, SACU had played and continues to play an important role in the economies of its member-states.
The leaders stated that SACU could play an enviable role in Southern Africa as a building block for deeper regional integration, given its level of integration.
They directed that strategies to promote win-win solutions to address challenges in several areas be developed.
Among the areas listed are strengthening the capacity in the secretariat and developing the necessary policies and procedures to conclude the establishment of institutions.
Others are ensuring that work on industrial policy, agricultural policy, competition policy, unfair trade practices and other priority commitments in the SACU agreement are implemented.
They are also to develop a SACU trade and tariff policy and trade strategy that support industrialisation.
The leaders also called for strategies to position SACU at the centre of the regional economic integration agenda and consideration of sharing of SACU revenue, among others.
The meeting, held in Pretoria, reflected on the achievements and challenges of the body, as well as deliberated on the future strategic direction of SACU in view of recent regional and global developments.
The summit, chaired by President Jacob Zuma of South Africa, was attended by King Mswati III of the Kingdom of Swaziland, President Hifikepunye Pohamba of the Republic of Namibia, President Seretse Khama of the Republic of Botswana, and Prime Minister Pakalitha Bethuel Mosisili of the Kingdom of Lesotho
The Heads of State and Governments have agreed to meet again by the end of October 2010.
SACU countries have a combined population of more than 55 million people and a combined GDP of 2,200 billion rands.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
Business
NIS Ends Decentralised Passport Production After 62 Years
Business
FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year
-
Sports4 days ago
CAFCL : Rivers United Arrives DR Congo
-
Sports4 days ago
FIFA rankings: S’Eagles drop Position, remain sixth in Africa
-
Sports4 days ago
NPFL club name Iorfa new GM
-
Sports4 days ago
NNL abolishes playoffs for NPFL promotion
-
Sports4 days ago
NSF: Early preparations begin for 2026 National Sports Festival
-
Sports4 days ago
Kwara Hopeful To Host Confed Cup in Ilorin
-
Sports4 days ago
RSG Award Renovation Work At Yakubu Gowon Stadium
-
Politics4 days ago
Rivers Assembly Resumes Sitting After Six-Month Suspension