Zimbabwe pension funds regulator visits Namibia
Enhancing financial stability
Studying the operations and understanding how NAMFISA's two-pronged supervision, viz prudential and market conduct supervision, amongst others work.
The Namibian Financial Institutions Supervisory Authority (NAMFISA) is hosting a seven-member delegation from the Insurance and Pensions Commission (IPEC) of Zimbabwe.
The delegation is headed by Blessmore Kazengura, the director for finance. The delegation will be in Windhoek until 9 July 2022 to study the authority’s operations and understand how NAMFISA’s two-pronged supervision, viz prudential and market conduct supervision, amongst others work.
Welcoming the delegation on Monday morning (4 July 2022) in Windhoek, NAMFISA’s deputy chief executive officer (CEO) for prudential supervision, Erna Motinga explained that NAMFISA as a regulatory body plays a crucial role in ensuring financial stability and transforming the financial sector for the benefit of the consumers and the industries NAMFISA serve and ultimately contribute to the development of the Namibian economy. She further emphasized the importance of stakeholder engagement and stated that “stakeholder engagement remains a key strategic theme as an organization, and we are happy to share and support other regulators who undertake study tours to learn from us.”
NAMFISA has been a leader in regulating and supervising the non-banking sector within the SADC Region. As a highly respected regulator, NAMFISA has assisted several regional bodies in improving regulatory and supervisory functions. Financial Regulators that benefited from engagements with NAMFISA include Botswana’s Non-Bank Financial Institutions Regulatory Authority (NBFIRA), the Tanzania Insurance Regulatory Authority (TIRA) and Eswatini’s Financial Services Regulatory Authority (FSRA), as well as the Securities and Exchange Commission of Zimbabwe (SECZ), amongst others.
NAMFISA’s CEO, Kenneth Matomola is currently serving as the Chairperson of the Committee of Insurance, Securities and Non- Banking Financial Authorities (CISNA) for the next two years, this regional body aims to promote harmonisation of regulatory and supervisory regimes within the SADC region.
The delegation is headed by Blessmore Kazengura, the director for finance. The delegation will be in Windhoek until 9 July 2022 to study the authority’s operations and understand how NAMFISA’s two-pronged supervision, viz prudential and market conduct supervision, amongst others work.
Welcoming the delegation on Monday morning (4 July 2022) in Windhoek, NAMFISA’s deputy chief executive officer (CEO) for prudential supervision, Erna Motinga explained that NAMFISA as a regulatory body plays a crucial role in ensuring financial stability and transforming the financial sector for the benefit of the consumers and the industries NAMFISA serve and ultimately contribute to the development of the Namibian economy. She further emphasized the importance of stakeholder engagement and stated that “stakeholder engagement remains a key strategic theme as an organization, and we are happy to share and support other regulators who undertake study tours to learn from us.”
NAMFISA has been a leader in regulating and supervising the non-banking sector within the SADC Region. As a highly respected regulator, NAMFISA has assisted several regional bodies in improving regulatory and supervisory functions. Financial Regulators that benefited from engagements with NAMFISA include Botswana’s Non-Bank Financial Institutions Regulatory Authority (NBFIRA), the Tanzania Insurance Regulatory Authority (TIRA) and Eswatini’s Financial Services Regulatory Authority (FSRA), as well as the Securities and Exchange Commission of Zimbabwe (SECZ), amongst others.
NAMFISA’s CEO, Kenneth Matomola is currently serving as the Chairperson of the Committee of Insurance, Securities and Non- Banking Financial Authorities (CISNA) for the next two years, this regional body aims to promote harmonisation of regulatory and supervisory regimes within the SADC region.
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Namibian Sun
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