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What changes will the Financial Institutions and Market Act bring about?

What changes will the Financial Institutions and Market Act bring about?

by Contributed | Feb 14, 2022 | Blog

The Financial Institutions and Market Act (aka ‘FIMA’) has finally arrived! The long-awaited legislation will replace the existing legislation for non-banking institutions regulated by the Namibia Financial Institutions Supervisory Authority (NAMFISA). The...
NAMFISA orders over 1.8 million Namibia Dollars back to customers’ pockets as complaints and malpractices soar during the Third Quarter of 2021.

NAMFISA orders over 1.8 million Namibia Dollars back to customers’ pockets as complaints and malpractices soar during the Third Quarter of 2021.

by Contributed | Jan 28, 2022 | Blog

NAMFISA received 213 complaints from consumers of financial services during the quarter ended … and this signifies an increase of 34 percent in comparison to the previous quarter while this is a reduction of 18.4 percent on annual basis. Of all the complaints...

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