AGP Executive Report
Last update: 7 hours agoSeabed Mining Shock: Namibia has granted the world’s first clearance for a commercial seabed phosphate dredging operation, authorising Namibian Marine Phosphate’s Sandpiper project near Walvis Bay—prompting a fishing-industry legal challenge and fresh warnings from marine scientists about impacts on Benguela Current-fed fisheries. Aviation Fuel Crisis: Airlines in Namibia are still rerouting after a contaminated jet fuel delivery linked to Vivo Energy Namibia; the ministry says the cargo was quarantined and shortages could persist into the weekend. Heroes’ Day & Economic Push: President Netumbo Nandi-Ndaitwah used Heroes’ Day to frame the new national struggle as economic emancipation, citing poverty, youth unemployment, inequality, corruption and institutional inefficiency as key battles. Capital Markets Watch: A commentary argues Namibia’s capital markets can expand beyond bank-led financing, pointing to growing activity on the Namibia Securities Exchange’s Development Capital Board. Public Finance Move: The government, via the central bank, switched N$541.4m of the maturing GC27 bond into longer-term paper—bringing total switches to N$4.1bn. Regional Trade Boost: Oshikango’s slowdown gets another hit as the Ohangwena Times Square Complex opens with 45 shops, aiming to keep more spending inland and link local producers to off-take deals. Green Hydrogen Scaling: Namibia’s first full-stack hydrogen hub is moving from pilot testing in Walvis Bay toward a larger 140MW tendered site to support ammonia production for shipping and transport.
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