AGP Executive Report
Last update: 7 hours agoPayments Modernisation: Instant Payments Namibia unveiled WayaMe, the consumer-facing brand for its instant payment solution, aiming to boost adoption of a more inclusive, interoperable digital payments ecosystem. Energy Infrastructure: NamPower will officially inaugurate the N$394m Sekelduin Substation near Swakopmund on 22 June, billed as Africa’s first fully digital electricity substation to strengthen coastal grid reliability. Mining Outlook: Namibia’s mining sector remains cautiously optimistic on strong uranium and gold prices, but rising fuel costs are pressuring operating expenses and transport. Capital Raising: Ongwe Minerals increased its fundraising to up to ~N$238m to fund exploration at its Namibian gold projects, with closing expected around 25 June. Urban Digital Push: Windhoek launched its People-Centred Smart City Strategy 2026–2036, including plans to commercialise municipal fibre, modernise transport, and pursue a commuter rail link. Governance & State Firms: Scrutiny grows around Namcor’s fuel supply arrangement with Vitol amid a prolonged leadership vacuum, as questions resurface about confidence and decision-making capacity. Local Business Readiness: The Economic Association of Namibia will measure how ready Namibian businesses are for oil and gas work ahead of the 2026 Oil and Gas Conference. Consumer Protection: Namfisa helped recover over N$1.7m for consumers in the first quarter of 2026 after interventions over insurance, pension and micro-lending complaints. Trade Signals: Vehicle sales fell 11.3% in May but are up 14.8% year-on-year, while beverage imports stayed far above exports, underscoring import dependence.
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