Also known as: Namfisa
Namibia's regulator of non-banking financial institutions, resolving consumer complaints and overseeing pension funds, insurance, and capital markets.
News reports
Order a long-term news report on Namibia Financial Institutions Supervisory Authority
Every mention in the Namibian press over the period you choose, compiled as a PDF or Word document.
Key points drawn from coverage. Tap a point to see the original sentence.
The Namibian
Namibia Financial Institutions Supervisory Authority (Namfisa) described the increase as a 'strong recovery' in microlending activity
“Namfisa describes the increase as a "strong recovery" in microlending activity both quarter on quarter and year on year by the end of June.”
Namibians borrow N$9.3bn from microlendersThe Namibian
Namfisa found cases where loans had been granted without required supporting documents for affordability assessments
“In one inspection, the regulator found cases where loans had been granted "without the required supporting documents to demonstrate that affordability assessments had been carried out."”
Namibians borrow N$9.3bn from microlendersThe Namibian
Namibia Financial Institutions Supervisory Authority (Namfisa) reported Lisp assets reached N$25.2 billion by end of June 2026
“According to the latest quarterly report from the Namibia Financial Institutions Supervisory Authority (Namfisa), Lisp assets reached N$25.2 billion by the end of June 2026, up 4.1% from the previous quarter and 20.7% compared with June 2025.”
Namibians hold N$11.7bn in investment platformsThe Namibian
Namibia Financial Institutions Supervisory Authority (Namfisa) reported N$6.4 billion in committed capital, N$4.9 billion deployed into unlisted companies
“The unlisted investment market has grown to N$6.4 billion in committed capital, with N$4.9 billion already deployed into portfolio companies, according to the Namibia Financial Institutions Supervisory Authority (Namfisa).”
N$4.9bn invested into unlisted businessesThe Namibian
Namfisa reported no consumer complaints against collective investment schemes during second quarter 2026
“Namfisa also reports that no consumer complaints were recorded against collective investment schemes during the second quarter of 2026.”
Capricorn dominates unit trust marketThe Namibian
Namibia Financial Institutions Supervisory Authority reported that the country's seven registered medical aid funds had 226 777 beneficiaries at the end of June 2026
“The country's seven registered medical aid funds had 226 777 beneficiaries at the end of June 2026, up just 0.8% from the previous quarter and 2.1% from a year earlier, according to Namibia Financial Institutions Supervisory Authority (Namfisa).”
Unemployment eats into medical aid schemesThe Namibian
Namibia Financial Institutions Supervisory Authority reported that one open medical aid fund failed to meet the minimum reserve requirement
“Namfisa says one open medical aid fund, representing 0.1% of total industry membership, failed to meet the minimum reserve requirement and is being closely monitored.”
Unemployment eats into medical aid schemesWindhoek Observer
The Namibia Financial Institutions Supervisory Authority (Namfisa) announced in its statistical bulletin long-term insurance industry asset growth and performance figures
“The Namibia Financial Institutions Supervisory Authority (Namfisa) announced in its statistical bulletin that long-term insurance industry recorded asset growth of 2.2% (quarter on quarter) q/q and 9.5% year on year (y/y) reaching N$97.4 billion, supported by improved investment performance and market recovery.”
Non-banking financial sector grows to N$577m in Q2Windhoek Observer
Namfisa said compliance levels across the sector remained mixed, with 59.6% fully compliant and 4.1% non-compliant
“Namfisa said compliance levels across the sector remained mixed.”
Non-banking financial sector grows to N$577m in Q2The Namibian
Namibia Financial Institutions Supervisory Authority reported non-banking financial sector grew to N$577.2 billion by end of June
“The sector, which includes retirement funds, insurers and asset managers, grew by 4.2% in three months and by 15.1% over the year, according to the Namibia Financial Institutions Supervisory Authority (Namfisa).”
Namibia’s non-bank financial sector hits N$577bnPayment fraud cost Namibians N$73.9 million in 2025, a N$19 million increase from 2024, with vishing and phishing schemes impersonating legitimate institutions as the main contributing factor. As the financial sector aims to bring more first-time investors into the market, consumer protection and financial literacy are highlighted as essential safeguards against fraud.
20 October 2026 · The Namibian →
Payment fraud cost Namibians N$73.9 million in 2025, a N$19 million increase from 2024, with vishing and phishing schemes impersonating legitimate institutions as the main contributing factor. As the financial sector aims to bring more first-time investors into the market, consumer protection and financial literacy are highlighted as essential safeguards against fraud.
20 October 2026 · The Namibian →
Namibia's only regulated friendly society increased its investment portfolio by 8.3% to N$2.9 million during 2025, covering 2,048 beneficiaries. The society, which provides burial-related financial benefits, saw beneficiary numbers rise 2% after several years of decline, though total contributions declined by 1.7%.
17 October 2026 · The Namibian →
Payment fraud in Namibia rose N$19 million year-on-year to N$73.9 million in 2025, with vishing and phishing schemes impersonating legitimate institutions as the main driver. The Bank of Namibia and Namfisa are prioritizing consumer protection and financial literacy as the financial sector expands access to investors.
16 October 2026 · Windhoek Observer →
The Namibia Financial Institutions Supervisory Authority resolved 375 of 403 consumer complaints in the 2025/26 financial year, securing N$4.4 million in refunds and payouts for 81 complainants. Most complaints originated from the insurance sector, with others involving microlenders, pension funds, medical aid and capital markets.
15 October 2026 · Windhoek Observer →
Entrepo Namibia retrenched 25 workers by end of July and expects more job losses after the government suspended its payroll deduction system, which the company relied on to issue loans to civil servants and recover repayments via salary deductions.
14 October 2026 · The Namibian →
Namibia's non-banking financial sector assets increased by 16.6% to N$552.8 billion in the 2025/26 financial year, though NAMFISA recorded a N$31.3 million deficit partly due to a one-off legal charge of N$83.6 million from a Supreme Court judgment.
14 October 2026 · Windhoek Observer →
Namibia's financial regulator NAMFISA recorded a comprehensive deficit of N$31.3 million for the year ended 31 March 2026, reversing a prior surplus of N$46.5 million, primarily due to an N$83.6 million legal charge arising from the Van Straten Supreme Court judgment. The authority recorded total income of N$343.1 million against expenditure of N$371.5 million during the year.
14 October 2026 · Windhoek Observer →
The Government Institutions Pension Fund could lose N$815 million invested in a South African fund if a court rules against the company in a tax dispute with the South African Revenue Service, Finance Minister Ericah Shafudah told Parliament. The GIPF has recorded the amount as an impairment provision, a precautionary accounting measure, pending the outcome of the ongoing court case.
12 October 2026 · The Namibian →
Namibia's medical aid fund industry remained financially stable in the second quarter of 2026, with average reserves at 44.8%, well above the statutory minimum of 25%. Seven registered funds serve 226,777 members, with the three largest funds controlling 83.4% of total industry assets.
6 October 2026 · Windhoek Observer →
The Namibian Stock Exchange's main board market capitalisation reached N$3 trillion in the second quarter of 2026, rising 7.4% quarter-on-quarter and 28.9% year-on-year, according to Namfisa data. Local market capitalisation increased to N$57.3 billion, though trading activity in locally listed equities declined quarterly.
6 October 2026 · Windhoek Observer →
Namibia's microlending industry recorded a 27% increase in its total loan book during the second quarter of 2026 to N$9.3 billion, with Namfisa describing this as a "strong recovery" driven by household pressure from the cost of living and limited disposable income. Term loans accounted for 92.3% of outstanding debt at N$8.6 billion, while payday lenders issued 170,902 new loans representing 94% of all new loans in the quarter.
5 October 2026 · The Namibian →
The Financial Institutions and Markets Act (Fima) of 2021 governs non-banking financial institutions and affects ordinary Namibians with pensions, insurance, medical aid schemes, and investments. The article argues that Fima should matter to workers, entrepreneurs, and retirees, despite its complexity, and cautions against relying on unverified information about it.
5 October 2026 · The Namibian →
Individual Namibians held N$11.7 billion, or 46.5% of the N$25.2 billion managed through Linked Investment Service Providers (Lisp) by the end of June 2026, according to Namfisa's latest quarterly report. Lisp assets grew 4.1% from the previous quarter and 20.7% year-on-year, driven by both new contributions and investment returns.
5 October 2026 · The Namibian →
Namibia's unlisted investment market has expanded to N$6.4 billion in committed capital with N$4.9 billion deployed into portfolio companies, according to Namfisa's Second Quarterly Report for 2026. Agriculture, forestry and fishing led investment at 15.7% of total allocations, followed by electricity and water at 14.3%.
3 October 2026 · The Namibian →
Capricorn Unit Trust Management Company remains Namibia's largest collective investment scheme manager with 35.9% of the N$128.4 billion market as of June. The top three managers—Capricorn, Ashburton, and Old Mutual—together held 57.7% of the market, while assets under management grew 1.5% from the previous quarter and 14.4% year-on-year.
3 October 2026 · The Namibian →
Namibia's seven registered medical aid funds had 226,777 beneficiaries at the end of June 2026, growing by 0.8% from the previous quarter and 2.1% year-on-year, with the slow expansion attributed to a labour market where 6.9% were unemployed in 2023 and 44% of youth were out of work. Much of the country's private healthcare cover is linked to employment, creating a relatively small pool of people with access to formal medical aid.
1 October 2026 · The Namibian →
Namibia's non-bank financial institutions sector grew 15.1% year-on-year and 4.2% quarter-on-quarter to N$577.2 billion in Q2, driven by favourable market conditions and strong demand for non-bank products. Pension funds, long-term insurers, and collective investment schemes accounted for 90% of total sector assets.
1 October 2026 · Windhoek Observer →
Namibia's non-banking financial sector grew to N$577.2 billion by end-June, expanding 4.2% in the quarter and 15.1% year-on-year, driven by recovery in local financial markets. Long-term insurers swung from a N$392.2 million loss in Q1 to a N$2.5 billion gain in Q2, while retirement fund assets rose 5% to N$316.9 billion.
30 September 2026 · The Namibian →
The Namibia Financial Institutions Supervisory Authority (NAMFISA) has invited financial institutions, intermediaries, industry associations and self-regulatory organisations to submit comments on newly gazetted subordinate legislation under the Financial Institutions and Markets Act (FIMA). Affected stakeholders have 30 calendar days from 15 September to make written representations, with a deadline of 22 October 2026.
23 September 2026 · Windhoek Observer →
A unit trust is a collective investment scheme in which many investors pool their money together and a professional fund manager invests it in shares, bonds, and other assets. This allows individuals to access diversified investments without needing large initial capital.
12 September 2026 · The Namibian →
The Namibia Securities Exchange has been approved by members to demutualise, converting from a private association of rights holders to a public company with share capital. This change separates ownership from membership, ending the current requirement that ownership stakes be tied to trading rights on the exchange.
8 September 2026 · The Namibian →
Members of the Namibia Securities Exchange have approved resolutions to convert the exchange into a publicly traded company with share capital, a process first endorsed in 2015 and now a statutory requirement under the Financial Institutions and Markets Act of 2021. The demutualisation will separate ownership from membership and change the NSX from a non-proprietary voluntary association into a modern regulated securities exchange.
7 September 2026 · Windhoek Observer →
Namibia's non-bank financial sector has grown to more than N$552.8 billion in assets, with collective investment schemes managing approximately N$123.4 billion by end of 2025, a 19.2% increase from the previous year. The sector highlights the growing role of non-bank institutions in mobilising savings and financing economic activity as the country seeks to deepen its capital markets.
20 August 2026 · Windhoek Observer →
Windhoek financial adviser Hanjo Schlabitz has offered to sell his house, an orphanage stake, cattle, and shares to compensate investors who lost N$250 million when his Wealth Management Solutions business collapsed in April after a forex trading platform failure. The offered assets total less than 5% of the amount lost, according to The Namibian.
13 August 2026 · The Namibian →
Namibian investors can now invest in silver through the Namibia Securities Exchange via the NewWave Silver Exchange Traded Note, which allows them to benefit from silver price movements without physically owning silver. NSX chief executive notes that financial regulations have not kept pace with new investment products and need updating.
10 August 2026 · The Namibian →
The Governor of the Bank of Namibia emphasized that success in the emerging oil and gas industry requires coordination among ministries, regulators, public institutions, financial institutions, energy companies, investors, and educational institutions. He noted that collaboration among regulators is particularly important because risks can spread across institutions and sectors, and that financial institutions must fully understand the sector to participate meaningfully.
7 August 2026 · Informanté →
Entrépo Finance, a microlender that relied on government payroll deductions for civil servants, has stopped granting new loans after the Ministry of Finance ended its payroll deduction management system in November. The company, 55.5% owned by Capricorn Group, has retrenched close to 20 employees and has not approved a new loan in more than six months, according to sources.
6 August 2026 · The Namibian →
Namibia has begun implementing the Financial Institutions and Markets Act (FIMA), a consolidated regulatory framework designed to strengthen consumer protection, enhance financial stability, and modernize oversight of the non-banking financial sector by replacing several separate laws.
23 July 2026 · Windhoek Observer →
Since the Financial Institutions and Markets Act took effect in May 2026, concerns have arisen that Section 282(2) may unintentionally prevent thousands of pensioners from accessing affordable housing finance from their retirement funds. Industry experts worry the rule requiring a first mortgage bond for direct housing loans is hampering the consumer protection the Act was meant to provide.
17 July 2026 · New Era →
Pension fund industry experts warn that Section 282(2) of Namibia's Financial Institutions and Markets Act, which took effect in May 2026, may prevent thousands of pensioners from accessing affordable housing finance from their retirement funds. A pension funds expert emphasised the concern applies specifically to direct housing loans granted by retirement funds themselves, distinct from the Government Institutions Pension Fund housing initiative.
17 July 2026 · New Era →