AGP Executive Report
Last update: 10 hours agoTrade: Namibia’s September trade deficit widened to N$4.7 billion from N$3.9 billion in August, as imports of N$16.9 billion outpaced exports of N$12.2 billion. China was the top export destination; South Africa led imports. Property: House prices rose 8.9% year-on-year in the third quarter to an average N$1.50 million, while transactions fell 3%, with limited housing and serviced land squeezing affordability. Mining: Skorpion Zinc’s restart remains contingent on securing affordable, long-term electricity, Vedanta said. Energy: QatarEnergy will acquire a 25% non-operated stake in Chevron’s offshore PEL82 licence, with Chevron retaining operatorship and 55%. Regional Trade: Namibia launched an AfCFTA guide to help businesses navigate procedures and access African markets, where an estimated N$13.5 billion in export opportunities remains untapped. Diamonds: Botswana says Namibia and Angola will join its planned De Beers deal, though Namibia has not officially confirmed its position. Livestock: Foot-and-mouth restrictions are disrupting beef trade; Meatco is weighing whether to recall or sell 96 tonnes stranded in South Africa.
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