AGP Executive Report
Last update: 11 hours agoCourt Crackdown on Fishing Assets: Namibia’s High Court has ordered the auction of the Hodago Fishing vessel “Venus 1” after Standard Bank moved to recover N$36m in unpaid loans, with a Swapo-linked structure holding stakes in the troubled business. Swapo Fishing Probe: President Netumbo Nandi-Ndaitwah has ordered a forensic investigation into Swapo fishing company Gendev as a boardroom fight over missing millions and transparency allegations escalates. Road Safety Push: Government says it will start dual-carriageway upgrades on high-risk routes, beginning with Usakos–Arandis this year, alongside other priority corridors. Education & Youth Finance: NSFAF has sued former chief Hilya Nghiwete for N$4.3m after a Supreme Court setback, while youth-centre revitalisation plans aim to turn existing facilities into multipurpose hubs. Energy Snapshot: February electricity use rose 13% year-on-year to 440GWh, with imports still supplying 56% of power. Business Moves: Oceana’s Lucky Star helped lift group performance despite weaker global fish-oil prices, and OL unveiled a new “One OL” identity tied to its Vision 2029 targets.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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