The Namibia Financial Institutions Supervisory Authority (NAMFISA) issued a second call for public input on the latest draft of the Consumer Credit Bill (CCB), inviting stakeholders to comment specifically on newly introduced or amended provisions in the revised draft published in November 2025. The Bill is intended to regulate consumer credit transactions in Namibia by promoting fairness and transparency and advancing responsible lending practices. It consolidates legislation governing credit agreements and applies to individuals and entities that borrow money, acquire goods or services on credit, or act as guarantors. The draft would also require all credit providers, credit bureaus, and debt collectors to register and comply with prescribed market conduct standards. The revised draft follows NAMFISA’s review, with the Ministry of Finance, the Bank of Namibia and the Ministry of Industries, Mines and Energy, of submissions received during the 2023/2024 nationwide consultation, which led to substantive amendments. Submissions on the latest draft are due by 13 March 2026 using the prescribed comments template.
Namibia Financial Institutions Supervisory Authority 2026-02-12
Namibia Financial Institutions Supervisory Authority launches second call for public input on revised Consumer Credit Bill with comments due 13 March 2026
NAMFISA has issued a second call for public input on the revised Consumer Credit Bill, focusing on new or amended provisions. The Bill aims to regulate consumer credit transactions by promoting fairness, transparency, and responsible lending, requiring registration and compliance from credit providers, bureaus, and debt collectors. The revised draft follows a review with key ministries and the Bank of Namibia, incorporating feedback from the 2023/2024 consultation.