The Chief Executive Officer of the Namibia Financial Supervisory Authority (NAMFISA), Kenneth Matomola, says Namibia's financial sector remains stable and resilient, supporting sustainable economic growth and development.

He made these remarks during the launch of Namfia's 2025/2026 financial year report.

The Authority regulates over 16,800 entities, including over 15,000 intermediaries and 1,100 financial institutions, with assets totalling approximately N$553 billion.

These assets include retirement funds, insurance, medical aid funds and collective investment schemes.

"So those are the assets that make up that big number that I have spoken about. And today I can proudly say that the sector remains stable and resilient while supporting sustainable economic growth and development in Namibia. So it is stable, and it is resilient. Why I say so? The asset growth over the year that we are reporting was about a 16.6% increase in the assets. So it is stable and resilient."

Matomola further stated that NAMFISA received 403 complaints.

"The majority of those came from the insurance sector, both long and short-term. That is followed by microlending and the pension fund; the medical aid capital markets we received too. And when we intervened, then we could put back some money in the pockets of the consumers or the customers, about N$4,4 million. Cardbars recovered, if I may use that word. So from our redress mechanism, the consumers could benefit from our activities."

He also stated that the local stock market index rose by 16.8%, indicating positive activity