AGP Executive Report
Last update: 6 hours agoLocal Government Pay: Namibia’s urban and rural development ministry has approved councillors’ allowance increases despite revenue constraints, lifting Part Two mayors’ annual pay from N$102,246 to N$108,380.76 and ordinary councillors from N$87,636 to N$92,894.16. Education Funding Pressure: The Teachers’ Union of Namibia warns teacher welfare is worsening—low pay, housing shortages, health and safety issues, rising PSEMAS costs and heavy workloads are undermining classroom quality. Fishrot Legal Step: A High Court review application linked to Fishrot is declared ready for hearing, with possible dates set for late July to August 2026. China Investment Push: President Nandi-Ndaitwah tells Chinese investors in Beijing Namibia must move from exporting raw minerals to processing, manufacturing and technology transfer to create jobs. Green Hydrogen & Inclusion: Namibia’s green hydrogen push is tied to a GEF-UNIDO child project launch, stressing policy readiness and that women, youth and communities must benefit. SME Finance Win: FNB Namibia is named Best SME Bank in Namibia at the Global Banking & Finance Awards, citing support for entrepreneurs and financial inclusion. Power & Cash Flow: Namibia’s embedded generation rules earn continental recognition, while ANIREP reports its first positive operating cash flow (N$15.1m) as it shifts toward full operations. Inflation Update: June annual inflation rose to 4.4% (from 4.1% in May), driven mainly by transport costs. Diamond Drilling: Golden Deeps plans a 10-hole diamond drilling programme at its Graceland Prospect to test “Tsumeb-type” deep sulphide targets.
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