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 Namibia NAMFISA Reports N$1.24 Billion in Medical Aid Claims for Q1 2024 NAMFISA reveals that medical aid funds disbursed N$1.24 billion in claims during the first quarter of 2024, reflecting a 12% increase from the previous quarter but a 2.5% decrease year-on-year. Non-healthcare expenses decreased by 2.8% from the previous quarter but rose 3.7% annually, with administration costs remaining the highest contributor. The industry’s total assets grew by 4.1% quarter-on-quarter and 8.6% year-on-year to N$2.2 billion, while liabilities fell by 4.1% from […] today30 August, 2024
insert_link Local Understanding the Namibian healthcare funding industry According to the Namibian Constitution and its supporting legislation, the Minister of Health and Social Services is responsible for ensuring that the Namibian population has accessible, affordable, and appropriate healthcare. Namibia has a pluralistic health system with the public sector as the main actor, funded through the public budget by money appropriated by Parliament in the National budget and privately funded healthcare system through Medical Aid Funds by […] today12 July, 2024
insert_link Namibia NAMFISA Warns Medical Aid Schemes Against Unauthorized Contribution Increases The Namibia Financial Institutions Supervisory Authority cautions medical aid schemes against exceeding approved contribution percentages. NAMFISA's release emphasizes the violation of Section 31 of the medical aid fund, stipulating that any changes to registered medical aid funds' rules require approval from the Medical Aid Funds Registrar. This warning follows NAMFISA's imposition of a temporary cap on certain medical funds' annual contribution increases, restricting them to single-digit percentages. today12 February, 2024
