Windhoek:Namibia's non-banking financial institutions sector saw a 16.6% increase in total assets in 2025, growing from approximately N$474 billion in 2024 to N$552.8 billion in 2025.

According to Namibia Press Agency, these figures were announced by the Namibia Financial Institutions Supervisory Authority (Namfisa) Chief Executive Officer Kenneth Matomola during the presentation of the authority's 2025 annual report.

Matomola highlighted growth across major subsectors such as retirement funds, collective investment schemes, and long-term insurance. The authority's supervisory coverage expanded to 16,800 entities and intermediaries, supporting sector stability and sustainable economic growth. The increase in assets was attributed to favorable financial market conditions, declining interest rates, and moderating inflation, which enhanced consumer purchasing power.

Retirement funds remained the largest subsector, with assets rising from N$263 billion in 2024 to N$303 billion in 2025. Long-term insurance assets grew by N$13 billion, reaching N$97 billion, while collective investment schemes increased by N$10 billion, totaling N$90 billion.

Other subsectors also experienced growth. Investment managers' assets increased from N$27 billion to N$33 billion, short-term insurance assets rose from N$9 billion to N$10 billion, and medical aid fund assets grew from N$3 billion to N$4 billion.

The report underscored the critical role of the non-bank financial institutions sector in Namibia's financial system and its contribution to economic stability. As of March 2025, Namfisa regulated 16,800 entities, including 1,193 financial institutions and 15,607 financial intermediaries.

Matomola emphasized the importance of effective supervision and risk management in maintaining financial stability and protecting consumers as the non-bank financial industry expands. He stated that Namfisa's strategy remains focused on strengthening the regulatory and supervisory framework to ensure financial stability and consumer protection.

He further noted the progress made through digital transformation, improved regulatory tools, and a stronger risk-based supervisory framework, reinforcing the commitment to a resilient and adaptive financial sector contributing to Namibia's economic development.