Also known as: Namfisa · NFISA
Namibia's financial regulator overseeing non-banking institutions, retirement funds, medical aid, and microfinance sectors; partnering with central bank on financial oversight.
The Bank of Namibia and NAMFISA have signed an updated Memorandum of Agreement to strengthen cooperation in regulating the financial sector, establishing a system for information sharing, joint inspections, and risk monitoring. The deal includes creation of a technical working group to support responsible growth of financial technology in Namibia.
25 March 2026 · New Era →
The Bank of Namibia and NAMFISA have signed an updated Memorandum of Agreement to strengthen cooperation in regulating the financial sector, establishing a system for information sharing, joint inspections, and risk monitoring. The deal includes creation of a technical working group to support responsible growth of financial technology in Namibia.
25 March 2026 · New Era →
The Namibia Financial Institutions Supervisory Authority (Namfisa) has advised the finance minister to exempt a clause in the Financial Institutions and Markets Act (Fima) that would have forced all retirement fund members to annuitise their benefits. Workers will continue to receive one-third of their retirement benefits tax-free as a lump sum, though the government's long-term policy aims to move Namibia toward full annuities in line with International Labour Organisation standards.
25 March 2026 · The Namibian →
Namibian pension funds are seeking clarity on how the Financial Institutions and Markets Act (Fima) will affect retirement payouts, with a leaked memo suggesting the act could prohibit members from taking their full savings as a single cash payment and instead require monthly annuity payments. Industry players and Namfisa are meeting to discuss the interpretation of the new law and its potential consequences for retirees.
23 March 2026 · The Namibian →
Prime Minister Dr Elijah Ngurare has inaugurated a new governance committee for the Public Service Medical Aid Scheme (PSEMAS) to oversee implementation of reforms, including mandatory use of public hospitals by civil servants and alignment with the government's Universal Health Coverage objectives. The committee, drawn from government agencies, trade unions, and regulators, replaces the previous model to improve oversight, accountability, and healthcare sustainability.
10 March 2026 · Informanté →
Independent Patriots for Change parliamentarian Rodney Cloete questioned the appointment of Namibian Ports Authority chairperson Jerome Mouton, whose company Myrtle Growth Capital Namibia was deregistered by financial regulators after N$7.3 million of Government Institutions Pension Fund money intended for a school was diverted. Cloete asked Transport Minister Veikko Nekundi whether due diligence was conducted before Mouton's appointment and called for disclosure of all Namport board members' business interests.
4 March 2026 · The Namibian →
The Anti-Corruption Commission has arrested Namra tax officer Richard Oaseb for allegedly issuing a tax good standing certificate to Zong Mei Engineering without proper authority, enabling the company to bid on a N$237 million Namfisa head office tender despite outstanding tax returns and debt. The certificate was subsequently revoked and led to the company's disqualification from the procurement process.
24 February 2026 · The Namibian →
According to Namfisa data, 72% of insured Namibians hold funeral insurance policies while only 30% have health insurance, reflecting cultural priorities around dignified burial over access to healthcare. Medical professionals warn that the shortage of medical cover leaves uninsured citizens vulnerable to delayed care, financial hardship, and complications from chronic illnesses, while the government develops a Universal Health Coverage Bill to address gaps in the public system.
23 February 2026 · New Era →
Cirrus Unlisted Investments has acquired a significant minority stake in Ultimate Safaris, a lodge and wilderness tour operator, to fund expansion as Namibia attracts more global high-end tourism.
18 February 2026 · The Namibian →
A senior accounting advisor has criticised the government's discontinuation of the Payroll Deduction Management System (PDMS) as of November 2025, calling the proposed "PDMS Helpdesk" replacement a step backwards that relies on manual processes rather than digital automation for managing civil servants' financial deductions. The Finance Ministry has stated the shutdown aims to address over-indebtedness among government employees and suggests the Enhanced Debit Order (EnDo) platform as an alternative, though financial institutions have already begun restricting salary-backed loans in response.
3 February 2026 · New Era →
Consumers should only borrow from microlenders registered with Namibia Financial Institutions Supervisory Authority (Namfisa) to ensure legal protection and compliance with fair lending practices. Unregistered lenders expose borrowers to excessive fees, abusive debt collection, and loss of legal recourse.
28 January 2026 · The Namibian →