The Namibia Financial Institutions Supervisory Authority (NAMFISA) published a status update confirming that the final draft Consumer Credit Bill has been submitted to the Minister of Finance, following a review of submissions received during a nationwide public consultation. The Bill is intended to consolidate and reform the regulation of consumer credit transactions in Namibia, including market conduct and consumer protection requirements. NAMFISA carried out the review in collaboration with the Ministry of Finance, the Bank of Namibia and the Ministry of Industries, Mines and Energy, and the final draft (submitted on 15 October 2025) reflects consideration of consultation feedback. The updated materials published alongside the notice include a revised draft Bill and a “Summary of Comments” document. Based on the draft Bill, the framework would require credit providers, credit bureaus and debt collectors to register and meet specified conduct standards, designate NAMFISA and the Bank of Namibia as Consumer Credit Regulators with supervisory and enforcement powers, and provide for limits and disclosure of interest, fees and other charges, as well as affordability assessment and reckless credit provisions. The notice positions the submission to the Minister of Finance as a step before the Bill moves through the remaining legislative stages.
Namibia Financial Institutions Supervisory Authority 2025-11-03
Namibia Financial Institutions Supervisory Authority submits final draft Consumer Credit Bill to the Minister of Finance
NAMFISA has submitted the final draft Consumer Credit Bill to the Minister of Finance after public consultation. The Bill aims to reform consumer credit regulation in Namibia, requiring registration and conduct standards for credit providers, credit bureaus, and debt collectors. NAMFISA and the Bank of Namibia are designated as Consumer Credit Regulators with supervisory and enforcement powers.