Windhoek: The Ministry of Finance has announced the appointment and reappointment of members to the Board of Directors of the Namibia Financial Institutions Supervisory Authority (Namfisa) for a three-year term, set to commence on 01 April 2026.

According to Namibia Press Agency, the appointments have been made in accordance with the Public Enterprises Governance Act No. 1 of 2019 and will continue until 31 March 2029. Brian Masule has been appointed as the new chairperson of the board, while Selma Ambunda will continue in her role as deputy chairperson.

The newly appointed board members include Venekola Shoombe, Damoline Muruko, and Jacob Nyambe. The Ministry of Finance emphasized that these appointments aim to ensure the effective regulation and supervision of Namibia's non-banking financial institutions, which is crucial for maintaining stability and consumer protection in the financial sector.