AGP Executive Report
Last update: 4 hours agoGold Watch: Canadian-listed Ongwe reports a major new gold-in-soil anomaly at its Nguni project in Namibia’s Damara Goldbelt, with assays up to 730ppb Au and a multi-kilometre trend above 100ppb Au; infill sampling on a 50x50m grid is ongoing and drilling is planned for Q2 2026. Economy & Cost of Living: Namibia’s inflation climbed to 4.1% in May, driven mainly by transport and housing/water/electricity costs, with prices up 1.2% month-on-month. Consumer Protection: Namfisa ordered financial institutions to refund over N$1.7 million to consumers after complaints, covering issues like delayed benefits and rejected insurance claims. Connectivity & Tech: Telecom Namibia signed Angosat-2 satellite connectivity pilot deals in Angola, while CRAN pushes “regulatory sandboxes” to speed up Namibia’s digital innovation. Power & Services: Vice President Lucia Witbooi handed over electrification and street lighting in Gibeon, as activists warn prepaid meters should not roll out before water and sewer repairs. Sports: Namibia won bronze at volleyball Olympic qualifiers in Harare (men and women), and Namibia’s cricket stars Bernard Scholtz and JJ Smit took top awards. Road Safety: Police report weekend crashes with one motorcyclist death and dozens injured, urging motorists to obey speed limits and avoid alcohol.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.