AGP Executive Report
Last update: 7 hours agoBanking Expansion: Access Bank secured full authorisation to operate as a fully licensed commercial bank in Namibia, effective 2 October, adding a new player to the N$200bn sector. Labour & Pay: Bank Windhoek concluded salary talks with NAFINU, delivering a 6% pay increase and a 20% transport allowance adjustment for employees. Credit Watch: Bank Windhoek’s AA+(NA) credit rating was affirmed by GCR with a stable outlook. FMD Response: The FMD Support Fund mobilised over N$1.5m in biosecurity and surveillance supplies for 30 DVS teams in //Kharas. Economy Update: Namibia’s Q2 growth rose to 4.8% year-on-year, driven by services and agriculture, while mining contracted. Markets: NSX ended mixed; local index edged up while the overall index slipped, with oil down and gold up. Trade & Exports: Namibia launched its first Namibia Exporters’ Guide, urging firms to look beyond the small domestic market. Infrastructure: The upgraded Karibib–Usakos Road and Usakos Traffic Circle were officially opened, with warnings against overloading. Corporate Dispute: Trustco won a High Court attachment order freezing 200m shares in the Riskowitz-linked dispute.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
Perspectify News
