32 | The Lion King
News Roundup
IATAAviationDay2014:UBAPromises
Finance For Viable Africa Airlines
UBA Mozambique
Appointed as
Customs Revenue
Collecting Bank
in the Country
T
he Mozambique Revenue Authority
(Autóridade Tributária de Moçam-
bique) on Friday, August 22, 2014
appointed UBA Mozambique as an
import duty collecting bank in the
country. The bank will become part
of an electronic system called “Janela
Única Eletrónica” a public-private
partnership platform that has helped in
the reduction of time and cost of clear-
ing imported goods into the country.
Before UBA Mozambique’s appoint-
ment, only nine out of the 22 banks in
the country had the monopoly of this
collection since the system’s inception.
However, with UBA Mozambique’s
admission, importers in the country can
D
MD, Domestic, Mr. Apollos Ikpobe
has re-assured aviation stakehold-
ers of UBA’s capacity to finance
viable African Airlines operating across
the continent and internationally. He
said this while speaking as a panellist
during the IATA Aviation Day, held
at the Sandton Convention Centre,
Johannesburg, South Africa from
August 18 to 19, 2014.
The event attracted more than 200
delegates from airlines, and associated
aviation services.
Ikpobe, speaking as a panellist on the
topic “How to run a profitable airline
in Africa” said that African Airlines that
will be able to attract finance are those
that are able to set up the right struc-
ture and business model that works. He
also said that such airlines must have
bankable business plans.
The International Air Transport Associa-
tion (IATA) is the trade association for
the world’s airlines, representing some
240 airlines or 84% of total air traffic. UBA
is a major transaction partner for IATA in
Africa.
now make their import duty payments
through the bank. This also makes the
bank a custodian of government funds
in the country. About MZN153b (USD5b)
of revenue will be collected through
the platform this year alone, according
to the President of the Mozambican Tax
Authority (MTA).
L-R: Olufemi Adefope, Sky Logistics Limited; Morenike Akinrimisi,
Head Aviation Unit, UBA; Iyabo Sosina, Secrectary General, African
Civil Aviation Commission and Apollos Ikpobe, DMD Domestic, UBA
L-R: MD/CEO, UBA Mozambique, Clement
Isikwe and Dr. Rosario Fernandes,
President of Autoridade Tributaria de
Mocambique (Janela Unica Eletronica)
signing the agreement
