01
Jul
Justicia Shipena Microlending institutions continue to top the list of non-compliant entities in the country’s non-banking financial sector, according to the Namibia Financial Institutions Supervisory Authority (NAMFISA)'s latest quarterly report. The first quarter report for 2025 shows that 91.6% of all non-compliant institutions came from the microlending industry. Issues ranged from late submission of regulatory returns, failure to pay levies, and ignoring inspection findings. Out of 1,065 regulated entities, 107 were classified as Stage 5, meaning they were non-compliant. In contrast, 625 entities, or 58.7%, were fully compliant and fell under Stage 1 of NAMFISA’s supervision framework. Namfisa chief executive…