Namfisa Windhoek

The Namibia Financial Institutions Supervisory Authority (NAMFISA), headquartered in Windhoek, is a cornerstone of Namibia’s non-banking financial landscape. Established under the NAMFISA Act No. 3 of 2001, this independent institution plays a crucial role in ensuring the stability, integrity, and consumer protection within the financial services sector of the country.

NAMFISA’s Mission and Vision

NAMFISA’s mission is to regulate and supervise financial institutions and intermediaries to promote a stable and fair financial environment. Their vision focuses on creating a financial system that supports Namibia’s economic development while ensuring consumer protection. Core values such as accountability, teamwork, service excellence, agility, and integrity drive the organization’s operations.

Roles and Responsibilities

NAMFISA operates under three primary mandates:

  1. Supervision: Monitoring the activities of financial institutions to ensure compliance with regulatory standards.
  2. Advisory: Offering strategic advice to Namibia’s Minister of Finance regarding financial services.
  3. AML Compliance: Enforcing compliance with the Financial Intelligence Act to combat money laundering and financing of terrorism.

The Authority oversees diverse sectors, including insurance, medical aid funds, pension funds, capital markets, and more. It also embraces innovation through initiatives like its FinTech Square, fostering technological advancements in the financial services sector.

Consumer Focus and Education

NAMFISA is committed to consumer protection, providing resources to help individuals make informed financial decisions. They also run a Consumer Education Programme to enhance public awareness about financial rights and responsibilities.

Key Information

  • Location: Gutenberg Plaza, 51-55 Werner List Street, Windhoek, Namibia.
  • Contact: +264 (61) 290 5000 | info@namfisa.com.na
  • Prime Rate: 11.00% | Repo Rate: 7.25%.

Why NAMFISA Matters

NAMFISA has established itself as a regulatory leader in Namibia, contributing significantly to the country’s economic stability. By prioritizing both institutional oversight and consumer rights, it ensures that the financial system remains robust, transparent, and supportive of Namibia’s growth.

For further details, visit NAMFISA’s official website.

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