AGP Executive Report

Last update: 9 hours ago

Fuel Supply & Costs: Namibia’s energy ministry says the National Energy Fund is nearly exhausted after absorbing under-recoveries and premiums, as Middle East tensions pushed up pump prices; it also ordered fuel companies to source bulk petrol and diesel exclusively from Vitol for July–September 2026, raising transparency and pricing concerns. Economic Leadership: President Netumbo Nandi-Ndaitwah appointed economist Shali Shindume as her Economic Advisor from 1 June, tasking him with banking, financial services and public-private finance collaboration. Inflation Watch: FNB Namibia economists warn 2026 inflation remains under pressure, with transport costs and global tensions feeding into prices; April headline inflation rose to 3.1% y/y. Monetary & Reserves: Bank of Namibia reserves climbed 13.6% in April to N$58.8bn, improving import cover to 3.7 months. Financial Sector: Namfisa appointed a new board led by Brian Masule to strengthen governance and oversight in the non-bank financial sector. Jobs & Mining: Chamber of Mines reports Namibia’s mining sector supported 166,000+ jobs in 2025, with strong local procurement. Governance & Trust: Home Affairs minister Lucia Iipumbu warned border failures are eroding public trust, after inspecting Zambezi border posts. Agriculture & Food Security: President praised garlic trials at Sikondo Green Scheme as a high-value crop to boost rural incomes and food security. Digital Risk: A TransUnion report says South Africa leads Africa in suspected digital fraud rates, with generative AI likely increasing scale and sophistication—an issue for regional businesses and consumers.

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.

AGP Wire

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Apr. 30, 2026

SINQ unveils financing framework for Namibia copper mine

EIN Presswire

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May 25, 2026

Faith and Indigenous leaders frame energy access as a moral issue ahead of June 4 webinar

EIN Presswire

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May 13, 2026

Ovation Global DMC expands Africa portfolio to 15 destinations

EIN Presswire

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May 12, 2026

InterContinental Energy adds AI data centre capability to P2(H2)Node design

EIN Presswire


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Letshego strategically exits five African markets …Axian expands continental banking footprint

Letshego strategically exits five African markets …Axian expands continental banking footprint


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May 28, 2026

Deep Yellow Limited (DYL.AX) Corporate Presentation - UBS Uranium Day

ABN Newswire

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May 15, 2026

CORRECTION -- Koryx Copper Announces Further Significant Drill Results at the Haib Copper Project, Southern Namibia

GlobeNewswire, Inc.

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May 15, 2026

Koryx Copper Announces Further Significant Drill Results for the Haib Copper Project, Southern Namibia

GlobeNewswire, Inc.

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May 13, 2026

Interim Financial Results

GlobeNewswire, Inc.

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May 11, 2026

Ongwe Minerals Reports Expansion of Manga Bedrock Anomaly, Increasing Grades and Width to the East, Omatjete Gold Project, Namibia

GlobeNewswire, Inc.

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May 8, 2026

Koryx Copper Files Technical Report with Updated Mineral Resource Estimate for the Haib Copper Project, Southern Namibia

GlobeNewswire, Inc.

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