AGP Executive Report
Last update: 10 hours agoElectricity Costs: The Electricity Control Board approved a moderated 3.7% bulk tariff increase for NamPower from 1 August 2026 (from N$2.06/kWh to N$2.14/kWh), after government support of N$90 million helped cushion consumers. Municipal Pressure: Windhoek residents are also bracing for higher City of Windhoek charges, with activists and households warning the combined cost-of-living squeeze is hitting rentals and small businesses hardest. Rare Earths Push: Namibia Critical Metals says the Lofdal heavy rare earth project’s Joint Management Committee approved the next DFS phase, including up to about C$11m in additional funding and the first major metallurgical/process contracts. Oil & Gas Localisation: NOGC 2026 returns to Windhoek (18–20 August) with a stronger focus on turning petroleum decisions into local jobs, contracts and supplier opportunities. Trade & Investment: Namibia and South Africa are urged to shift from raw-materials exports and imports toward industrialisation and regional manufacturing that creates jobs. Cross-border Business: Namibia Investment Promotion and Development Board invites firms to a Namibia–Türkiye trade mission in Windhoek covering sectors from renewables and fisheries to construction and tourism. Courtroom Tensions: Oranjemund Town Council’s planned Yacht Club utility cut-off was stayed by the High Court after Turnstile Investments challenged the move. Energy Sector Governance: Kunene Regional Council rejects a second court order to remove an acting CRO, escalating a funding and compliance standoff with the minister. Finance & Markets: Halliburton beat profit estimates, with improved demand in Europe and Africa (including Namibia) offsetting weaker Middle East activity.
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