AGP Executive Report
Last update: 7 hours agoTelecom Namibia: Armando Perny has been appointed acting CEO from 1 July for one month after Dr Stanley Shanapinda’s resignation, as the board starts the search for a substantive chief executive; Perny’s role is aimed at keeping operations stable while the CCO and CFO resignations take effect. Land & resettlement: Government launched the Revised National Resettlement Policy (2023–2033), shifting land reform toward higher productivity, support services, and a pathway from leasehold to freehold for successful beneficiaries. SACU funding: SACU Heads of State agreed to set up a regional innovative funding mechanism with an initial N$5 billion from the Common Revenue Pool to back development projects across member states. Finance credibility: Namibia’s FATF Grey List exit was framed as a major boost for investment confidence, correspondent banking and trade finance. Mining & deals: Celsius agreed to sell its 95% Opuwo cobalt-copper interest to Chinalco for US$15m, while Deep Yellow expanded its uranium footprint via a Cooper Creek JV stake acquisition. Tourism: Namibia’s international tourist arrivals fell 3.2% in 2025, with safety concerns cited—especially a sharp drop from Germany. Cross-border risk: Namibian truck drivers and firms are pulling back from South Africa ahead of 30 June amid fears of xenophobic violence, threatening supply chain disruption. Governance & tradition: The Gciriku Traditional Authority crowned a new Hompa after a seven-year court dispute, and a minister reiterated communal land remains state property.
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