AGP Picks
View all

Top business and economy news from Namibia

Provided by AGP

Got News to Share?

AGP Executive Report

Your go-to archive of top headlines, summarized for quick and easy reading.

Note: These AI-generated summaries are based on news headlines, with neutral sources weighted more heavily to reduce bias.

Haib Copper Drilling Update: Koryx Copper says its Haib Project in southern Namibia is running with 14 rigs, delivering 17 infill/expansion holes that confirm consistent copper mineralisation and could lift average grades, with an updated mineral resource estimate already published and an updated PEA due before mid-2026. Food Security & Climate Resilience: Namibia launched an FAO-backed project to boost mahangu (pearl millet) productivity and value chains, aiming to shift the crop from subsistence to a commercial commodity by supporting certified seed and training 800+ seed growers until August 2027. Pollinators Under Pressure: President Nandi-Ndaitwah marked World Bee Day by calling for stronger protection of bees and other pollinators, warning their decline threatens food security and biodiversity. Governance & Rights: Namibia’s High Court rejected NCIS’s bid for a secret hearing in a N$1.8m defamation case, reaffirming citizens’ right to know and press freedom. Energy Cost Shock: Across Africa, surging fuel prices are squeezing transport, agriculture and household budgets, with governments rolling out subsidies and tax cuts to blunt the impact.

Tap Safety Under Fire: Windhoek residents are demanding lab results after a body was found at a water treatment facility, with the municipality insisting final treated water meets drinking standards. Public Finance Rules: Government says it will not fund infrastructure through unsolicited private borrowing proposals, stressing all deals must follow procurement and borrowing laws. Livelihoods at Risk: Windhoek ride-hailing drivers report a Road Transport Authority permitting backlog that can leave compliant operators unable to earn for months. Energy & Trade: Shell’s Uruguay offshore stakes are being sold to QatarEnergy, while Namibia’s export push gets a boost via China’s zero-tariff access. Markets & Capital: Africa Bitcoin Corporation’s listing is moving to the JSE main board, and Trustco urges caution as its delisting process continues. Business & Growth: Santam starts 2026 solidly despite weather-related claims, and Namibia’s startup ecosystem slips to 94th globally even as it grows. Sports & Community: Entries open soon for the 2026 Nedbank Desert Dash, and World Bee Day spotlights pollinators’ role in food security.

Green Industry Deal: South Africa’s Coega green ammonia project has picked Denmark’s Topsoe to supply electrolyser cell technology and equipment in a roughly R16.7bn (about $1bn) deal, aiming for 1-million tonnes of green ammonia by 2030. Mining Earnings: B2Gold reports a stronger-than-expected first quarter, with Namibia’s Otjikoto Mine beating internal targets on higher ore grades despite lower output. Digital Push: Namibia’s National Digital Strategy is being highlighted at the AMDIN conference in Windhoek, with officials stressing a more modern, inclusive public sector and gender-inclusive digitalisation. Inclusive Skills: The Ministry of Education will host the CBPVS graduation ceremony, positioning the two-year pre-vocational programme as a bridge into work and further training for learners with special needs. Local Friction: Otavi residents accuse the council of failing on sanitation, water and street lighting, while taxi drivers say the new N$15 fare change brings little relief outside Windhoek. Courtroom Watch: Linden Beef is placed under final liquidation after failing to appear, and Nasan Energies appeals NaCC fuel-sourcing conditions that block it from Vitol-linked supply for five years.

Municipal Firestorm: Otavi residents used the 2026/27 budget consultation to slam the town council over failing sanitation, weak water access, and dark streets—complaints they say have lingered for years, with officials pointing to partner-linked projects. Transport Pressure: A new N$15 taxi fare took effect, but drivers in Katima Mulilo and Oshakati say it barely helps commuters and still doesn’t cover costs. Courtroom Fallout: Linden Beef has been placed under final liquidation after failing to show up in court, with Bank Windhoek citing about N$28m owed; meanwhile, businessman Joseph Andreas is pursuing defamation claims over Facebook posts. Fuel Market Fight: Nasan Energies has appealed a Namibian Competition Commission fuel-sourcing ban tied to its merger, seeking relief from the five-year restrictions. Customs Fix: NamRA says ASYCUDAWorld delays at major borders have been largely resolved after upgrading to version 4.4.1. Cost-of-Living Strain: Fuel price hikes are again framed as a social crisis hitting students and low-income families hardest.

Football & Labour Dispute: Namibian centre-back Sisqo Haraseb has taken Iraqi club Al-Qasim FC to FIFA over unpaid wages and alleged breach of contract, while the club pleads for government help as penalties loom. Courtroom Shock: In South Africa, taxi kingpin Joe “Ferrari” Sibanyoni’s money-laundering and extortion case was struck off after the prosecutor failed to appear, abruptly ending proceedings. Mining & Exploration: Kaoko Metals has kicked off fieldwork in Namibia at its Chalkos copper-silver and Karibib gold-copper-tungsten projects after a $6.5m IPO, with mapping, sampling and drilling prep underway. Local Governance & Youth: ǁKaras launched a Governor’s Youth Desk and a 2026–2029 Youth Empowerment framework to push youth into decision-making, skills and jobs. Road Safety & Urban Planning: A UN-backed report says over 70% of low-income Namibians’ daily travel is on foot or by bicycle, but sidewalks, crossings and cycling infrastructure lag—linked to high crash deaths and injuries. Health Supply Pressure: Namibia’s health ministry warns of essential medicine shortages, including seizure and blood-pressure treatments, and calls for emergency procurement. Digital Economy Reality Check: Music artist Pandeni says a million YouTube views earned him only N$900, reigniting debate on how artists get paid online.

JSE Main Board Move: Africa Bitcoin Corporation has secured JSE Main Board approval, shifting from AltX with the move effective Friday, May 22—part of its push to broaden Bitcoin exposure for institutional investors. Food Security Push: Namibia is exploring Kenya’s zero-grazing dairy model to boost milk output and mixed farming as part of its wider food security drive. Health Supply Pressure: Namibia’s health ministry says several essential medicines are understocked or out of stock, prompting emergency procurement and bulk deliveries to stabilise supplies. Transport Safety Gap: A new UN-backed report says over 70% of daily trips for low-income Namibians rely on walking and cycling, but sidewalks, crossings and cycling lanes remain fragmented. Trade & Oversight: Namibia will host a SADC public accounts workshop in Swakopmund, while ECN resumes electoral act review ahead of 2029 polls. Energy/Industry: Rosh Pinah Zinc commissioned a new water treatment plant to cut reliance on Orange River water as its RP2.0 expansion nears completion. Markets: NSX weekly trading hit N$52.4m, with Paladin Energy among the biggest decliners.

Digital Push: ICT Minister Emma Theofelus says Namibia can’t wait for “ideal conditions” to unlock its digital economy, urging faster adoption, skills for women and youth, and tighter public-private collaboration after launching Women in Tech and a national talent programme. Governance Under Scrutiny: SCOPA has demanded detailed answers from eThekwini over alleged maladministration, irregular spending and misconduct, including the stalled Namibia 8 Housing Project and long-running sanitation issues. Conservation Funding: Namibia, WWF and partners will sign a conservation deal worth over N$1 billion under the Namibia for Life initiative, using “Project Finance for Permanence” to secure long-term support. Finance & Fraud Watch: A Standard Bank fraud probe in South Africa highlights claims of clients being blamed and settlement offers tied to silence—raising fresh questions for the region. Mining Context: Zambia’s election on 13 August keeps investors watching mining policy, with uranium and copper development plans in focus.

Green Industry Push: Cabinet has approved the Green Industries Council to steer Namibia’s green industrialisation, diversification and job creation, with the Director-General of the National Planning Commission set to chair. Namibia–EU Momentum: The second Namibia–EU Business Forum opened in Windhoek with nearly 1,000 registrations and ended with targets of about N$390 billion for green hydrogen investment, as trade hit N$17.6 billion and nearly 47,000 jobs are linked to the partnership. Conservation Funding: Namibia and WWF Namibia will sign a conservation deal worth over N$1 billion under the “Namibia for Life” initiative. Health Capacity Upgrade: IUM says it is building a 120-bed private hospital near Ondangwa, due mid-2027, also planned as a training facility. Fishing Watch: Namibia temporarily eased horse mackerel trawling depth limits to 150m, drawing sustainability concerns. Governance Spotlight: SCOPA has ordered eThekwini Municipality to answer questions on project management and financial accountability. Finance Fraud Fallout: A Standard Bank fraud crisis story alleges victims are pressured into silence after losses.

Fraud Fallout at Standard Bank: A new investigation details rapid, multi-account losses tied to Standard Bank fraud complaints across South Africa and Namibia, with victims alleging opaque handling and settlement offers that come with conditions—one case alone cites R340,000 drained in seconds. Decentralisation Push: Government has transferred youth and sports responsibilities to Regional Councils, aiming to bring programmes closer to communities. Rural Funding Pressure: The National Council is urging the Ministry of Urban and Rural Development to consult local authorities and boost rural allocations, warning that some regions receive far less than planned. Constitution Review Consultations: Parliamentary committees are holding public consultations to test whether the Constitution still fits today’s realities. Ramaphosa Legal Move: Commentary says President Ramaphosa’s decision to seek judicial review of the Phala Phala panel report is a bid to delay impeachment. Road Safety: Roads Authority asks the public to come forward after a dangerous truck overtaking incident captured on video. EU Partnership Extended: Namibia–EU’s Strategic Partnership Roadmap has been extended to 2030, with focus on renewable hydrogen and critical raw materials.

Global Health Leadership: Former First Lady Monica Geingos has been appointed Board Chair of the PMNCH, the world’s largest maternal, newborn and child health alliance, taking over from Helen Clark as global health financing faces mounting pressure. Trade & Shipping: With disruption around the Strait of Hormuz, maritime firms are rerouting via West Africa and expanding bunkering and logistics services along the Atlantic coast. Mining Watch: Koryx Copper says drilling at its Haib Project delivered consistent wide intercepts, with ongoing work aimed at upgrading resources and refining processing plans. EU–Namibia Ties: Namibia and the EU have extended their Strategic Partnership Roadmap to 2030, focusing on renewable hydrogen and critical raw materials value chains. Rural Power Push: Namibia’s National Council is calling for faster rural electrification expansion, warning many communities and even remote areas remain “left out” of service delivery. Insurance & Industry: Africa Re warns weak insurance markets are quietly slowing Africa’s industrialisation by limiting risk coverage for growth and climate shocks. Road Safety: Roads Authority asks the public to help police identify a truck involved in a dangerous solid-line overtaking incident. AI in Government: Nipam plans structured AI training for civil servants, starting with senior management.

Blue Bonds Push: Ocean-focused “blue bonds” are growing fast globally (US$15.25bn issued by mid-2025) but still sit at just 0.24% of the sustainable bond market—hitting a wall of limited project pipelines and weak investor access. Global Health Leadership: Former first lady Monica Geingos has been appointed board chair of the world’s biggest maternal, newborn and child health alliance, taking over from Helen Clark in November 2026. Public Service Execution: Nigeria’s ASCON DG Funke Adepoju-Olayomi is set to speak in Windhoek on moving from reform plans to real delivery—“RISE framework” style. Transport Shock: Air Botswana suspends the Gaborone–Windhoek route, citing pilot shortages and losses of about N$51.9m, cutting direct travel options. Fraud Probe Deepens: Four more suspects are arrested in the widening Sanlam Namibia insurance fraud case, bringing arrests to 17. Digital Skills for Civil Servants: Nipam plans structured AI training for senior civil servants first, then wider rollout. Connectivity Upgrade: A new Atlantic subsea cable push (“Via Africa”) aims to boost resilience and bandwidth diversity across West Africa.

Sanlam fraud probe widens: Four more suspects were arrested at Ondangwa Magistrate’s Court, bringing the total to 17 in a case linked to insurance fraud, forgery and money laundering—allegedly tied to forged hospital records and payouts of about N$1.2m, with the investigation also linked to the murder of late control prosecutor Justine Shiweda. Mining updates: Koryx Copper issued a correction on Haib drill results, saying no updated PEA is expected before mid-2026, while ReconAfrica says Kavango West 1X production testing should start before month-end with results due mid-to-late July. Energy and trade: Sintana Energy reports progress on integrating Challenger, and Namibia’s inflation outlook is under pressure from fuel shocks as the Financial Services Adjudicator Act remains non-operational despite FIMA’s launch. Governance and jobs: MPs push for mining wealth to drive Namibia’s development, while Oceana extends CEO Neville Brink’s contract to end-2027 after a successor search.

Tourism Diplomacy: Deputy Minister Maggie Sotyu used Africa’s Travel Indaba 2026 to push regional connectivity as tourism shifts into a growth phase, while Ramaphosa said Africans are “choosing Africa” and backed SADC travel facilitation. Judiciary Transition: Zimbabwe’s Luke Malaba bid farewell as Justice Elizabeth Gwaunza takes over as the first female Chief Justice, underscoring public trust in courts. Copper Heat: Copper prices surged past US$14,000/t before a pullback, with Namibia-linked M&A in focus after Appian’s move on a copper development. Blue Economy Push: Namibia’s VP Lucia Witbooi backed climate and blue-economy value addition, including a Franco-Namibian Marine Institute plan to train 1,000 technicians by 2030. Local Costs & Governance: Osona commuters face fare hikes after NCH raised prices citing fuel costs, while Namibia renewed calls for UN Security Council reform and climate funding support. Environment Watch: Fishcor says no spillage occurred after fuel was transferred from the MFV Seaflower after it ran aground near Lüderitz.

Media Freedom Watch: NBC leaders used World Press Day to warn that Namibia’s high press-freedom ranking must not breed complacency, stressing ethics, privacy in breaking news, and credibility over sensationalism. Road Safety Push: Hundreds gathered for a National Road Prayer as road deaths rise, with officials promising stronger enforcement and awareness to curb speeding, drunk driving and negligence. Decentralisation Move: Youth and sports functions are being handed to regional councils, with government saying decentralisation only works if regions deliver with accountability and proper management. Blue Economy & Climate Finance: Vice President Lucia Witbooi urged shared blue-economy sustainability and called for continued climate funding support via the Green Climate Fund. Critical Minerals Momentum: Namibia is positioning itself for value chains in uranium, lithium, graphite and rare earths, while offshore exploration continues (PEL 102 extension) and uranium output at Langer Heinrich ramps up. Business & Housing: Appian bought into Namibia’s Omitiomire copper project, and average house prices climbed to N$1.46m in Q1 as land servicing and supply constraints keep pressure on buyers. Compliance & Corruption: Yango Namibia raised fares 5% to meet permit rules, while an ex-workshop owner was arrested over alleged N$179k NDF fraud.

Transport & Regulation: Yango Namibia has raised fares by 5% as it pushes driver compliance with new public passenger permit rules, with 1,480 permit applications submitted so far and hundreds still pending or rejected. Governance & Integrity: Oshikoto Governor Sacky Kathindi says corruption is blocking socio-economic progress, urging decisive action as the Anti-Corruption Commission drafts its Third National Strategy. Blue Economy Diplomacy: VP Lucia Witbooi returned from the Africa Forward Summit in Nairobi, backing Namibia’s shift from “catch and ship” to “catch, process, package and brand” by 2030 and calling for skills, entrepreneurship and digital transformation. Media & Business: Kaya 959 has crossed 1.62 million listeners, signalling strong advertiser value in South Africa’s growing middle-class audience. Energy & Water Disruptions: NamWater warns Walvis Bay of planned water interruptions linked to NamPower maintenance on the Ruby 11kV network on 21 May and 1 June. Local Safety: MVA Fund CEO Rosalia Martins-Hausiku says pedestrian crashes still drive about 33% of incidents, pushing for fresh road-safety measures. EU Partnership: The EU extended its Namibia roadmap to 2030, with new investment priorities including renewable energy and critical raw materials value chains.

Courtroom Ruling: A Western Cape High Court ordered a man to keep paying his estranged wife nearly R90K a month, including rent, school fees, medical aid and child support—after he tried to stop maintenance. Housing & Finance: FNB Namibia says house prices rose 7.1% in Q1, with luxury homes leading, while mortgage growth stayed sluggish; meanwhile Namibia’s Financial Institutions and Markets Act (FIMA) launched on 1 May, with the controversial 75% pension-freeze rule reportedly put on hold. Trade & Industry: Namibia and the EU wrapped up the second Namibia-EU Business Forum, pushing green value chains and battery supply links, including a €4m lithium support project; separately, Namibia is also positioning for China’s new zero-tariff access to add value to exports. Corruption Watch: The ACC arrested a former body workshop owner over an alleged N$179,508 NDF repair fraud scheme. Energy & Policy: Namibia plans to end the “catch and ship” marine export model by 2030, shifting to local processing and branding. Geology: Scientists say a new tectonic plate boundary may be forming along the Kafue Rift, with implications for how Africa could reshape over millions of years.

Diplomacy & Investment Push: Namibia’s Vice President Lucia Witbooi is in Kenya urging French firms to back value addition in minerals and expand into oil & gas, tourism, manufacturing, digital services and tech, as Namibia seeks more jobs and investment. Green Industry Move: Cabinet approved a Green Hydrogen Industries Council to coordinate Namibia’s green industrial development. Tourism Spotlight: Namibia is showcasing tourism and airport infrastructure at Africa’s Travel Indaba in Durban, with the Namibia Airports Company pitching connectivity as a growth lever. Energy & Cost Pressure: B2Gold says Otjikoto cut diesel use after moving to underground mining and now draws power from the national grid, while solar projects help reduce fuel-price exposure. Security & Integrity: Home Affairs warned of scammers impersonating staff to sell fake documents. Business Travel Expansion: Ovation Global DMC expanded its Africa portfolio to 15 destinations ahead of IMEX Frankfurt 2026, including Namibia. Finance Watch: Paladin Energy’s uranium shares fell sharply despite a profit turnaround and higher revenue, underscoring how markets can react to cash-flow concerns.

Oil & Gas Dealmaking: Oregen has brought in petroleum geoscientist Birch as an advisor, sharpening its push on Namibia’s Orange Basin—especially Block 2812Ab next to the Venus discovery, with first oil on Venus targeted for 2030. Energy Policy: The energy ministry has softened its fuel anti-hoarding stance, allowing retailers to refill drums and jerry cans when customers give a valid reason. Power Costs: Renewables are now the cheapest new power in many markets, and Namibia’s wind sector is getting a boost from self-erecting turbine tech that cuts crane dependence and delays. Transport & Safety: City of Windhoek is probing alleged tribal bias in police promotions, while unregistered taxi drivers in Nkurenkuru reject a “selective” fare hike. Trade: Namibia’s trade deficit narrowed in March as mining exports rose, but imports—especially petroleum oils—remain a pressure point. Tragedy: A small plane crash near Sossusvlei killed three Germans and the pilot; investigations are underway. Wildlife: Four one-month-old cheetah cubs died in Kuno, a setback for India’s reintroduction push.

South Africa Political Shock: Cyril Ramaphosa says he “will not resign” as the Constitutional Court clears the way for a Phala Phala impeachment process—while he moves to seek a legal review that could stall proceedings and keep the ANC arguing the matter is sub judice. Namibia Trade & Logistics: Namibia’s March trade picture improved: commercial vehicle imports hit N$979m, Walvis Bay handled exports worth N$6.9bn, and the overall trade deficit narrowed to N$2.3bn. Green Trade Push: Namibia is set to benefit from China’s zero-tariff policy for 53 African countries, with beef, mutton and potential fruit exports flagged for new opportunities. Education & Waste Watch: The education ministry wants to cancel a Windhoek CBD lease for an empty Chicco building—at a reported N$1.1m monthly cost—after legal advice is sought. Connectivity Pressure: MPs backed ICT budget votes but warned of dead zones, including poor mobile coverage between Oranjemund and Rosh Pinah. Business & Skills: ExxonMobil and Africa launch STEM Africa 2.0 with AI learning pathways for 14–17 year-olds. Aviation Tragedy: A charter plane crash near Sossusvlei killed three Germans and the pilot, with investigations underway.

Aviation Tragedy: Four people died after a light aircraft crash near Namibia’s Sossusvlei tourism area; Desert Air says there were no survivors and the cause is under investigation. Oil Policy Push: Businessman Knowledge Katti is urging Parliament to back the Upstream Petroleum Unit and Petroleum Amendment Bill to help Namibia move from exploration to production and strengthen Namcor. Oil & Governance Watch: Angola’s fisheries corruption trial is under way for a former minister, with no link claimed to Namibia’s Fishrot scandal. Mining & Markets: Australian explorer Kaoko Metals raised N$78m to fast-track drilling after listing on the ASX; in parallel, rare earth and gold stories keep lifting investor attention, including Kendrick Resources’ Teufelskuppe update. Trade Snapshot: March exports hit N$13.2bn, imports N$15.5bn, leaving a N$2.3bn deficit as commodities dominate the export basket. Education Pressure: Kavango West reports a sharp rise in school dropouts and teenage pregnancies, calling for coordinated school, family and clinic action. Business Expansion: Araxi shareholders back its Pay@ acquisition to expand payments across Southern Africa.

Sign up for:

Namibia Business Tribune

The daily local news briefing you can trust. Every day. Subscribe now.

By signing up, you agree to our Terms & Conditions.

Share us

on your social networks:

Sign up for:

Namibia Business Tribune

The daily local news briefing you can trust. Every day. Subscribe now.

By signing up, you agree to our Terms & Conditions.