Chamwe Kaira
Namibia’s non-banking financial institutions sector reached total assets of N$552.8 billion in the fourth quarter of 2025.
The Namibia Financial Institutions Supervisory Authority (Namfisa) released its latest statistical bulletin, outlining trends and performance across the sector.
The sector includes insurance companies, medical aid funds, retirement funds, friendly societies, capital markets and microlending institutions.
It recorded 1 193 active entities and 15 512 intermediaries at the end of the quarter.
Assets grew by 4.7% compared to the previous quarter and by 16.6% year-on-year. Pension funds, long-term insurers and collective investment schemes accounted for more than 90% of total assets.
Namfisa said compliance levels remain mixed. About 61.4% of entities were fully compliant, while 5.2% were non-compliant.
Most non-compliant entities are in the microlending sector, mainly due to failure to submit returns, non-payment of levies and continued non-adherence to rules.
A total of 90 consumer complaints were recorded during the quarter, down 8.2% from the previous period.
Of these, 71.1% were resolved within required timelines. Compensation paid to consumers amounted to N$1.7 million, with pension funds accounting for the largest share.
Across industries, performance remained stable. The long-term insurance sector recorded asset growth and maintained solvency.
Short-term insurers grew through higher investment holdings.
Medical aid funds recorded a surplus and maintained reserves, with modest membership growth. Retirement funds remained well-funded, with assets exceeding liabilities.
Investment management and collective investment schemes recorded growth, supported by market conditions and investor inflows.
The microlending sector saw a decline in its loan book, though lending activity continued.
“Overall, the sector continues to demonstrate resilience, supported by favourable investment performance, sustained demand for financial services, and ongoing regulatory oversight. This positions the industry for a positive outlook over the short to medium term,” Namfisa said.
