By: Nghiinomenwa-vali Erastus
The total assets of Namibia’s non-bank financial institutions reached N$474.1 billion by the end of December 2024, bringing the sector just a few million dollars shy of the half-a-trillion mark — and nearly three times the size of the country’s economy.
According to the Namibia Financial Institutions Supervisory Authority (Namfisa) Quarterly Reports for 2024, the sector expanded by N$14 million in the final quarter of the year, marking a 2.9 per percent quarter-on-quarter increase from the third to the fourth quarter.
Non-bank Financial Institutions (NBFIs) include long-term insurance, short-term insurance, friendly societies, medical aid funds, common monetary areas, pension funds, collective investment schemes, and microlending.
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