insert_link Business / Economics NAMFISA reports asset growth and higher complaints in financial sector Photo credit: James Cullen The Namibia Financial Institutions Supervisory Authority (NAMFISA) has reported that the country’s non-banking financial institutions sector continued to grow in the third quarter of 2025, with total assets reaching N$528.2 billion, despite ongoing compliance challenges in certain parts of the industry. In its Third Quarter 2025 Quarterly Statistical Bulletin, NAMFISA reported that assets grew by 5.3 percent from the previous quarter and 14.8 percent year-on-year, supported […] today17 December, 2025
insert_link Press Releases Crypto boom exposes Africa cyber risk Allan Juma, Technical Lead for ESET East Africa, an internet security solutions company. Juma oversees the company’s technical issues on security products. Cryptocurrency in Africa has evolved rapidly from a fringe financial activity into a major economic force - and cybercriminals are taking notice. Between July 2024 and June 2025, the continent recorded USD $205-billion in on-chain transactions, making it the world's third-fastest-growing crypto market. Driven by economic volatility and a […] today12 November, 2025
insert_link Business / Economics Non-Bank Financial Sector Shows Resilience with $474 Billion in Assets. The non-bank financial sector proved resilient in 2024, with total assets climbing 14.3% to $474.2 billion, NAMFISA CEO Kenneth Matumola reported. Overseeing 132 financial institutions and more than 14,700 intermediaries, the sector continues to underpin fiscal stability. Joanette Eises of NAMFISA: today26 September, 2025
insert_link Business / Economics Namfisa CEO advises public to learn and understand FIMA for better dialogue CEO of the Namibia Financial Institutions Supervisory Authority, Kenneth Matomola has urged the public to familiarise themselves with the Financial Institutions and Market Act to enable informed discussions with his office regarding sections they may not fully understand. FIMA brings together different laws to create a framework for overseeing and regulating financial intermediaries, pension funds, insurers, and other non-banking financial institutions. today2 September, 2024
insert_link Africa Nigeria suspends cybersecurity law Nigeria has suspended a planned levy on electronic transfers to fund cybersecurity. The Central Bank of Nigeria had in a circular last week directed all banks and mobile money operators to charge 0.5% of the value of electronic transfers as a cybersecurity levy. Ajeck Mangut reports. today15 May, 2024
insert_link Africa Nigeria freezes over 300 suspected accounts to secure its foreign exchange market Nigeria's anti-graft agency, the Economic and Financial Crimes Commission, EFCC says it has frozen about 300 accounts to ensure the safety of its foreign exchange market. today24 April, 2024
insert_link Business / Economics Verime and ReferredBy lead Namfisa’s financial Sandbox initiative The Namibia Financial Institutions Supervisory Authority has signed testing agreements with Verime and Referred By, making them the first participants in its Regulatory Sandbox programme for the non-bank financial institution sector. NAMFISA's Regulatory Sandbox is a pioneering initiative demonstrating its commitment to fostering a vibrant, secure, and inclusive financial landscape that empowers both consumers and innovators. NAMFISA spokesperson Victoria Muranda. The programme serves as a controlled environment for live tests […] today18 April, 2024
insert_link Africa Nigeria fines cryptocurrency trading company Nigeria has slammed a 10 billion dollar fine on cryptocurrency trading firm, Binance. It says the firm manipulated foreign exchange rates through currency speculation and rate fixing. Tesem Akende reports. today4 March, 2024
insert_link Business / Economics Namfisa’s Gariseb joins IAIS risk-based solvency forum The Namibia Financial Institutions Supervisory Authority General Manager for Insurance and Medical Aid Funds, Erich Gariseb, has been admitted to serve on the International Association of Insurance Supervisors’ Risk-Based Solvency Implementation Forum. NamFisa spokesperson, Victoria Muranda, explains the significance of this development. today16 January, 2024
