BoN, Namfisa sign agreement to strengthen financial sector oversight

NAMPA

2026-03-23

WINDHOEK - The Bank of Namibia (BoN) and the Namibia Financial Institutions Supervisory Authority (Namfisa) have signed an updated Memorandum of Agreement aimed at strengthening cooperation in the regulation and supervision of Namibia’s financial sector. Pictured here are BoN Governor Ebson Uanguta and Namfisa CEO Kenneth Matomola during the signing of the agreement. (Photo: Contributed)

WINDHOEK, 23 MAR (NAMPA) – The Bank of Namibia (BoN) and the Namibia Financial Institutions Supervisory Authority (Namfisa) have signed an updated Memorandum of Agreement aimed at strengthening cooperation in the regulation and supervision of Namibia’s financial sector.
The agreement, announced on Monday, establishes a framework for information sharing, joint supervision and regulatory oversight of banking institutions, financial institutions and intermediaries.
It also provides for the formalisation of a joint technical working group that will support the responsible development of financial technology (FinTech) in Namibia.
According to a joint statement, the agreement reflects the commitment of both institutions to safeguard financial stability, promote consumer confidence and ensure the orderly development of the financial system.
The agreement provides for the exchange of supervisory information on regulatory concerns, joint investigations and inspections, as well as collaboration on financial stability monitoring through quarterly data and analysis.
It further includes consultation mechanisms to address emerging risks, confidentiality safeguards to protect sensitive information, and coordination on innovation and FinTech-related matters.
BoN Governor Ebson Uanguta said the partnership enhances the institutions’ ability to maintain a sound and resilient financial system.
“This partnership enhances our ability to maintain a sound and resilient financial system. By working closely with Namfisa, we strengthen oversight and ensure that risks are addressed proactively,” he said.
Namfisa Chief Executive Officer Kenneth Matomola said the agreement reinforces collaboration and transparency between the two regulators.
“This agreement underscores our commitment to collaboration and transparency. It ensures that both institutions can jointly safeguard the interests of consumers and the integrity of Namibia’s financial markets,” he said.
The agreement also aligns with Namibia’s efforts to meet international standards, including Namfisa’s application to become a full signatory to the International Organisation of Securities Commissions Multilateral Memorandum of Understanding.
The two institutions said the initiative marks a significant step towards strengthening the financial sector, ensuring stability and supporting sustainable economic development.
(NAMPA)
MWY/PS/AS

Namfisa Banking

Business

Namibia, Botswana stress diversification in managing resource wealth

2026-08-15 15:10:41

Zambezi farmers demonstrate over ZAMCO abattoir closure

2026-08-15 13:49:22

Swapo youth league renews opposition to phosphate mining

2026-08-14 14:15:47

Budget shortfall to ‘cripple’ Kavango West council services

2026-08-13 18:29:32

SPYL welcomes progress on national airline revival, creative industry

2026-08-13 17:36:34

DRC explores trade opportunities through Walvis Bay Port

2026-08-13 15:30:41

Windhoek shoppers face steepest price rises among Namibia’s three pricing zones

2026-08-13 14:41:54

Transport costs push inflation to 4.4%

2026-08-13 14:12:01

BoN keeps repo rate unchanged at 6.75%

2026-08-12 16:59:52

APRM validates Namibia’s governance progress

2026-08-12 15:57:29

Kavango West Council slammed over seven years of unaudited accounts

2026-08-12 09:31:29

Latest NAMPA photos

/KHOICHAS, 14 August 2026 - Namibia’s independence was a collective victory. The southern regions of Hardap and ||Karas were central to the struggle, anchored by local churches that risked everything to shelter PLAN fighters and educate the future leaders of our nation. (Photo by: Uakutura Kambaekua) NAMPA.

NAMPA

HOACHANAS, 12 August 2026 - Historian and liberation struggle icon Markus Kooper, in collaboration with the Hoachanas community, has established a community library to preserve the history of the southern region, including the Red Clan history and past freedom struggle events. (Photo by: Uakutura Kambaekua) NAMPA.

NAMPA

GIBEON, 13 August 2026 - The African Methodist Episcopal Private Community School (AMEPS) in Gibeon was a significant community-operated institution founded by the AME Church and local leaders, including Hendrik Witbooi, during the fight for freedom. It ceased operations and was integrated into the state school system in 2007. (Photo by: Uakutura Kambaekua) NAMPA.

NAMPA

/KHOICHAS, 14 August 2026 - Jacqueline Juliana Rukamba, a former principal at Khoichas Primary School in the Karas region, significantly contributed to Namibia's independence, particularly in education, during the 1970s and 1980s. (Photo by: Uakutura Kambaekua) NAMPA.

NAMPA

GIBEON, 13 August 2026 – The African Methodist Episcopal Private Community School (AMEPS) in Gibeon was a significant community-operated institution founded by the AME Church and local leaders, including Hendrik Witbooi, during the fight for freedom. It ceased operations and was integrated into the state school system in 2007. (Photo by: Uakutura Kambaekua) NAMPA.

NAMPA

GIBEON, 13 August 2026 – Gaob Salomon Josephat Witbooi, former Namibian ambassador to Zambia, reflected on the southern region's contribution to Namibia's struggle for independence during a discussion with Nampa's team. (Photo by: Uakutura Kambaekua) NAMPA.

NAMPA

WINDHOEK, 15 August 2026 - South Africa’s Kelsey Jade van Schoor (in green) during the 2026 Pupkewitz Megabuild Tour de Windhoek. She was crowned the overall champion of the 2026 women’s category. (Photo by: Hesron Kapanga) NAMPA

NAMPA