AGP Executive Report
Last update: 12 hours agoFishing Rights: President Netumbo Nandi-Ndaitwah says beneficiaries sold fishing interests back to established companies, undermining empowerment. With fish stocks dwindling, the government plans to end individual quota allocations. Emergency Care: Namibia has launched its first state-operated air ambulance, using a Learjet and planned helicopter evacuations to improve access to urgent care in remote areas. Offshore Investment: QatarEnergy has agreed to buy a 25% stake in offshore licence PEL82. Chevron will remain operator with 55%, while Namcor E&P and Custos Energy each retain 10%, subject to approvals. Public Accountability: Namport wants the Namibia Football Association to show how its N$90 million sponsorship will benefit players, clubs and communities. Diamonds: Botswana plans to raise its De Beers stake to 30% under a proposed consortium deal, saying Namibia and Angola will also participate. Prices: Inflation reached 5.6% in October and could peak at 6.7% in February and March, as fuel costs push up transport and household expenses.
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