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Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile

Veronika Haulenga

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Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile

Veronika Haulenga

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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Namfisa

23 Results / Page 1 of 3

Background

Business / Economics

NAMFISA Launches Media Website to Enhance Stakeholder Engagement

By: Hertha Ekandjo The Namibia Financial Institutions Supervisory Authority (NAMFISA) has officially launched its media website, a digital platform designed to enhance transparency, accessibility, and stakeholder engagement. Speaking at the launch, NAMFISA chief executive officer Kenneth Matomola highlighted the website’s key features, emphasizing its role as an essential tool for the financial services sector. “The platform provides access to key publications, including our business plan, quarterly bulletins, and annual reports. […]

today6 February, 2025 82

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Business / Economics

NAMFISA appoints Heita as Change Management Specialist

The Namibia Financial Institutions Supervisory Authority (NAMFISA) has appointed Gloria Heita as its Change Management Specialist, effective 2 December 2024. According to the regulator, Heita brings extensive experience from her career at prominent organisations, including Coca-Cola Beverages Africa, Namdeb Diamond Corporation, and Anglo-American plc. Her expertise spans Human Resources, Organisational Development, Project Management, Leadership Development, and Change Management. A graduate of the University of Namibia, Heita holds a degree in […]

today17 January, 2025 51

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Business / Economics

Financial Institutions Supervisory Authority Designates October As Consumer Protection Month

The Namibia Financial Institutions Supervisory Authority has designated October as Consumer Protection Month to educate consumers about their financial rights and obligations. This initiative aims to raise awareness of the importance of protecting consumer rights, safeguarding against market misconduct, and ensuring consumers understand their responsibilities when interacting with financial institutions. NAMFISA spokesperson, Victoria Muranda.  

today3 October, 2024 43

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Namibia

Consumer Complaints in Namibia: Long-Term Insurance Industry Tops the List

The Namibia Financial Institutions Supervisory Authority has recognized the long-term insurance sector as the leading source of consumer complaints in 2023, receiving 247 grievances reports The Brief. Following closely were microlenders with 165 complaints, while the short-term insurance industry and pension funds ranked third with 122 complaints. Although some sectors saw a decrease in complaints compared to 2022, these four industries collectively represented 94% of all reported issues.

today30 September, 2024 31

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Namibia

NAMFISA Reports Decrease in Unclaimed Pension Funds as Benefits Continue to Rise

The Namibia Financial Institutions Supervisory Authority reported a decrease in unclaimed pension fund benefits to N$218.7 million by the end of 2023, down from N$229.1 million the previous year. This improvement is attributed to better tracing and payment of beneficiaries. Total benefits paid increased by 6.6% to N$12.3 billion, with retirement benefits continuing to grow faster than contributions. Contributions rose by only 0.9% to N$10.0 billion, which fell below the […]

today27 September, 2024 33

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Business / Economics

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.

today26 September, 2024 50

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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 24

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Business / Economics

Namibia Sees 22.6% Surge in New Insurance Policies in Q1 2024 Despite Year-on-Year Decline

Namibia recorded a 22.6% increase in new insurance policies in Q1 2024, reaching 102,597 policies, according to NAMFISA. However, this marks a 45.3% year-on-year decline. The total number of active policies grew by 3.2% quarter-on-quarter to nearly 1.94 million, driven by reduced policy terminations and lapses. The demand for credit risk policies contributed to the quarterly rise, while a decrease in individual investments led to the annual decline. Policy lapses […]

today30 August, 2024 19