AGP Executive Report
Last update: 20 hours agoOil & Gas Investment: Bank of Namibia data shows oil and gas drew about N$74.4bn in foreign direct investment from 2021-2025, with a pre-oil push on skills, revenue management and local participation. Uranium Deal: Bannerman Energy says a CNOL cornerstone offtake arrangement will cover 60% of Etango output, after CNOL’s US$320.4m strategic investment and a 45% JV stake. Hydrogen Rail Milestone: CMB.TECH Namibia completed the first engine start of Africa’s first hydrogen dual-fuel locomotive engine, using locally produced green hydrogen in Walvis Bay. Economic Outlook: Simonis Storm expects Namibia’s 4.8% Q2 growth won’t hold, keeping 2026 growth near 2.0% as base effects fade and inflation risks rise. FMD Disruption: Foot-and-mouth disease continues to reshape trade and livelihoods, with Namibia investigating a returned meat shipment from Europe and livestock restrictions hitting markets and events, including the Windhoek Show’s livestock section. Wildlife Protection: Rhino poaching hit a decade-low in 2025, but officials warn syndicates are adapting and new environmental crimes are emerging. Governance & Land: Parliament approved four new Land Reform Advisory Commission members, with MPs stressing fair, evidence-based oversight. Finance & Pensions: GIPF assets reached about N$223bn, while Namibia’s gold purchases hit N$767.7m and the Welwitschia Fund returned 9.4% in H1.
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
