SACU approves R5 billion regional fund

NAMPA

2026-06-29

WINDHOEK, 17 August 2015 - The Southern African Customs Union (SACU) headquarters in Windhoek are due to be inaugurated soon. SACU is the oldest existing customs union in the world. It was established in 1910. Namibia, the host, became the fifth member of SACU after it attained its independence in 1990. The other four members are Lesotho, Botswana, South Africa and the Kingdom of Swaziland. (Photo by: Joseph Nekaya) NAMPA

WINDHOEK, 29 JUN (NAMPA) - Southern African Customs Union (SACU) heads of state on Sunday approved the establishment of a R5 billion regional innovative funding mechanism to support development projects across member states.
The Fund of Funds, approved at the ninth SACU Summit in Cape Town, South Africa, will be capitalised over the 2027/28 and 2028/29 financial years, drawn from the bloc’s Common Revenue Pool.
A communiqué issued on Sunday said...

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