The Chief Executive Officer of the Namibia Financial Institutions Supervisory Authority (Namfisa), Kenneth Matomola, has raised concerns regarding the current regulatory framework, saying it hampers Namfisa’s ability to fulfil its mandate.

During a briefing at the Government Information Centre (GIC) on Tuesday, Matomola said Namfisa is tasked with overseeing non-bank financial institutions, but outdated laws pose significant obstacles to achieving their objectives.