Consumer credit bill undergoes final review before parliamentary submission
Namibia's proposed consumer credit bill, which aims to overhaul the consumer credit industry and protect borrowers, has completed public consultation and is now undergoing final review by Namfisa before resubmission to the finance minister. The legislation introduces stricter affordability assessments, improved disclosure requirements, stronger consumer protections, and tighter regulation of credit providers, while repealing three existing laws.
The consumer credit bill has completed public consultation and is undergoing final review, marking progress toward stronger borrower protections.
1 June 2026 · The Namibian →