AGP Executive Report
Last update: 6 hours agoBudget Outlook: Namibia has cut its 2026 growth forecast to 2.3% from 3.1% after a weak first half. Finance Minister Ericah Shafudah projects public debt of N$201.7 billion, or 68.7% of GDP, and a deficit of 5.5%. Mining Revenues: Diamond taxes and royalties are expected to plunge to N$414 million this year, from N$5.8 billion in 2023/24, exposing the risks of relying on commodities. Government plans N$179 million to manage foot-and-mouth disease, while Agribank lent N$366.9 million to farmers from April to August. Angola Ties: Angola’s president has invited Namibia to consider a stake in the under-construction Lobito refinery; Windhoek says it must first assess the proposal’s costs and benefits. Cricket: Ireland beat Namibia by 55 runs in the first of five ODIs in Windhoek, despite Jan Nicol Loftie-Eaton taking four wickets and Ruben Trumpelmann scoring 50.
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