AGP Executive Report
Last update: 14 minutes agoExport Opportunity: China’s zero-tariff framework for eligible African exports could give Namibian mining, agriculture, fisheries and manufacturing businesses better access to a major market, Standard Bank Namibia says. Public Finances: Simonis Storm expects this year’s deficit to reach 5.6%–5.9% of GDP, above the Treasury’s 5.5% forecast, as Namibia’s 2026 growth outlook sits at 2.3%. Household Demand: Consumer confidence sank to a record low of 42.2 in the fourth quarter, with rising inflation and borrowing costs prompting households to delay major purchases. FMD Pressure: The livestock industry could lose N$2.4 billion over six months if foot-and-mouth restrictions persist; six employers have also notified plans to retrench 589 workers. Business groups are seeking a tax-amnesty extension, saying firms need more time to settle debts. Mining Investment: The Etango uranium project has received final investment approval and entered construction, with first production targeted for 2028. Tourism: Namibia’s average accommodation occupancy reached 66.5% in the third quarter, above 2025 and 2019 levels, according to the Hospitality Association of Namibia.
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