Consumer Credit Bill to be tabled by Parliament next year, says NAMFISA’s annual report

Consumer Credit Bill to be tabled by Parliament next year, says NAMFISA’s annual report

The Namibia Financial Institutions Supervisory Authority has released its annual report which outlines the implementation of key financial regulations and the resolution of 91% of 691 complaints, resulting in N$14.7 million returned to complainants. Namfisa CEO, Kenneth Matomola said most complaints were from micro-lenders, insurers, and pension funds. He also revealed that the Consumer Credit Bill will be tabled by Parliament next year.

September 26, 2024 33

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.

September 2, 2024 47