OneAfrica

By: Josia Shigwedha 

The Namibia Financial Institutions Supervisory Authority says that the Financial Institutions and Markets Act, FIMA, is not only concerned with pension funds, but is a legislation that harmonises laws related to the regulation of the various institutions operating in the non-banking financial sector. 

Reforms proposed in FIMA will affect industries such as insurance, investment and medical aid schemes. 

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