AGP Executive Report
Last update: 2 hours agoEnergy Investment: Namibia nearly lost Aliko Dangote’s N$41.5 billion fuel-storage and regional pipeline project to approval delays, President Netumbo Nandi-Ndaitwah said. She intervened personally after the investor became frustrated, renewing calls to cut red tape. Water Security: Coca-Cola is investing US$1.22 million in the Swakop River Basin, funding sand dams, boreholes and ecosystem restoration to strengthen water supplies around Windhoek. Uranium: Bannerman says its Etango project is ready for large-scale construction, with major contracts expected soon. Lotus has secured Namibia’s final key permit to ship uranium from Malawi through Walvis Bay, while Deep Yellow has postponed a final investment decision on Tumas. Cost of Living: Annual inflation rose to 5.6% in October, from 3.6% a year earlier; transport inflation jumped to 16.5%. Small Business: Fourteen MSMEs, one from each region, received a total of N$1.1 million in grants after nearly 900 applications.
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