The Namibia Press Agency, (NAMPA), was established in 1991 as a national news agency responsible for the distribution of local, regional and international news.

Namfisa expects severe impact on NBFIs

Namfisa expects severe impact on NBFIs

Written by Rodney Pienaar on 08 April 2020.

KHORIXAS, 08 APR (NAMPA) The Namibia Financial Institutions Supervisory Authority (Namfisa) expects a severe impact on Non-Banking Financial Institutions (NBFIs) through reduced or no new business during the COVID-19 lockdown period, its chief executive officer Kenneth Matomola has said.
In a media statement availed to Nampa on Tuesday, Matomola said the authority expects an adverse impact on NBFIs from the dwindling financial markets and rising claims, with varying degrees of brunt depending on the indus ...

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