AGP Executive Report
Last update: 6 hours agoTrade: Namibia’s trade deficit narrowed to N$3.9 billion in August from N$5.9 billion in July, as exports climbed 18.8% to N$12.7 billion. Government has also tabled a bill to establish an International Trade Commission with powers to set tariffs and investigate unfair trade. Sovereign Fund: A review warns the Welwitschia Fund Bill is not ready for Parliament, citing missing rules on deposits and withdrawals and excessive power for the finance minister. The fund held N$508.47 million at the end of July. Livestock: Foot-and-mouth disease cases have risen to 127, and the EU has suspended Namibian meat imports, putting pressure on farmers and exporters. Business: Capricorn Group made a binding R788.3 million offer for an 81.6% stake in South Africa’s Centrafin, advancing its regional expansion. Football: Namport pledged N$90 million over three years to support the Namibia Football Association’s men’s and women’s leagues.
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