The Bank of Namibia and the Namibia Financial Institutions Supervisory Authority signed an updated Memorandum of Agreement to strengthen cooperation in regulating and supervising Namibia’s financial sector, alongside formalising the Terms of Reference for a joint technical working group focused on responsible FinTech development. The agreement sets a framework for information sharing, joint supervision and regulatory oversight covering banking institutions, financial institutions and financial intermediaries. It also links to Namibia’s efforts to meet international standards, including NAMFISA’s application to become a full signatory to the International Organization of Securities Commissions Multilateral Memorandum of Understanding.
Bank of Namibia 2026-03-23
Bank of Namibia and Namibia Financial Institutions Supervisory Authority sign updated cooperation agreement and establish joint FinTech technical working group
The Bank of Namibia and the Namibia Financial Institutions Supervisory Authority have updated their Memorandum of Agreement to enhance cooperation in financial sector regulation. This includes a joint technical working group on responsible FinTech development and a framework for information sharing and oversight. The agreement aligns with Namibia's efforts to meet international standards, including NAMFISA's application to join the International Organization of Securities Commissions Multilateral Memorandum of Understanding.