AGP Executive Report
Last update: 8 hours agoDiamond Sector Watch: Namdia’s N$314m diamond heist case against G4S heads to a courtroom showdown over disputed access to security plans, CCTV/audio, alarm records and other documents. Corporate & Markets: Anglo American says the De Beers sale process is advancing as it streamlines costs amid weak demand, while Namibia’s diamond future faces pressure from lab-grown stones. Energy Politics: Namibia’s IPC challenges a three-month exclusive fuel-supply deal with Vitol, alleging a deliberately engineered monopoly that sidelines Namcor. Digital Economy: CRAN and the Namibia Chamber of Commerce and Industry partner to expand digital-economy growth and support businesses adapting to the online marketplace. Rare Earths Investment: Japan commits about N$562.95m to Namibia’s Lofdal heavy rare earth project, backing feasibility work for commercial mining. Water Infrastructure: Government launches the final phase of an N$83.9m coastal pipeline replacement to secure water for over 200,000 people in Erongo. Payments & Finance: PAN marks 20 years of payment reforms, citing 87% implementation of the NPS Strategy 2021–2025 and setting up the next digital phase. Telecom Namibia: Telecom extends Armando Perny’s acting CEO term by six months to January 2027.
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