NAMFISA to break ground for new Head Office in May

The Namibia Financial Institutions Supervisory Authority expects to break ground for the construction of its head office along Independence Avenue in the capital in May. 

According to the Chief Executive Officer, Kenneth Matomola, the building which is expected to be a one-stop shop for NAMFISA services, is set for completion in 2027. 

This comes after the Central Procurement Board of Namibia (CPBN) recently announced that the construction tender valued at N$236,824,319.45 has been awarded to Adaptive Building Land Construction cc JV China State Construction Engineering Corporation (Pty) Ltd.

“We shall be holding our groundbreaking ceremony either by the end of April or somewhere in May. In terms of financing we have secured a loan from a local bank we shall use to finance the building,” said Matomola.

NAMFISA now rents office space at the Gutenberg Plaza in the Windhoek CBD through a lease contract that was procured through the Central Procurement Board of Namibia as required by the Public Procurement Act of 2015, for a period of five years and six months, with a termination date of 30 November 2025.

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