AGP Executive Report
Last update: 8 hours agoMonetary Policy: Namibia’s central bank raised the repo rate by 25 bps to 6.75% and lifted its 2026 inflation forecast to 4.0%, citing higher oil-driven inflation risks and weak credit growth. Financial Regulation: The Financial Institutions and Markets Act (FIMA) now blocks employers from recovering theft or misconduct losses from employees’ pension benefits, tightening retirement-savings protection. Audit Reform: Government tabled a bill that would compel auditors to report fraud, theft and serious financial misconduct. Local Finance & Trade: FNB Namibia met the Bank of Namibia to align on evidence-based policy and regional trade enablement. Energy & Industry: The Namibia Oil and Gas Conference (18–20 Aug 2026) returns with a stronger local-content and entrepreneurship push. Mining Watch: Kaoko Metals fast-tracked maiden drilling at its Chalkos copper-silver project, targeting a start in about six weeks after a site visit. Governance & Cities: Windhoek launched a People-Centred Smart City Strategy, drawing mixed reactions over readiness amid service delivery gaps. Business & Society: A responsible gambling summit in Windhoek aims to treat gambling harm as a public health issue, with a task force expected.
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