Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

African Union Countries Consider Air Travel Tax to Fund Bloc

Don't Miss Out —
Follow us on:

    July 20 (Bloomberg) -- The African Union said it’s considering taxes on air tickets, imports and insurance premiums to raise funds for the 53-member bloc.

Contributions from member states and partners are “no longer adequate, sustainable and reliable to meet the growing financing needs of the Union,” the organization, based in Addis Ababa, Ethiopia, said in an e-mailed statement today. Such taxes would “not only have a significant revenue impact for the union, but will also be equitable and efficient.”

The African Union is seeking to mediate in the conflict between Muammar Qaddafi and rebels opposing his rule in Libya, historically one of the bloc’s main financers.

Former Nigerian President Olusegun Obasanjo has been appointed to head a panel investigating ways to finance the African Union. Taxes on plane tickets in Senegal and import duties in the Economic Community of West African States have proved successful funding mechanisms, the union said.

To contact the reporter on this story: William Davison in Addis Ababa via Johannesburg at pmrichardson@bloomberg.net.

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.