Investment managers recorded 16.1% year-on-year growth in assets under management to N$353.8 billion in the second quarter of 2026, as Namibia’s non-bank financial institutions (NBFI) sector continued to expand.
According to the Namibia Financial Institutions Supervisory Authority’s (NAMFISA) Statistical Bulletin for the second quarter of 2026, total NBFI assets increased by 15.1% year-on-year to N$577.2 billion, while growing by 4.2% quarter-on-quarter.
Investment managers’ assets under management also increased by 3.3% quarter-on-quarter, with NAMFISA attributing the performance to favourable financial market conditions and continued investor inflows.
Retirement funds also recorded strong growth, with investment assets increasing by 15.6% year-on-year and 5.0% quarter-on-quarter to N$316.9 billion. The retirement fund industry maintained a funding level of 101.2% during the quarter.
Pension funds, long-term insurers and collective investment schemes continued to dominate the NBFI sector, collectively accounting for about 90% of total sector assets as at 30 June 2026.
Collective investment schemes recorded a 14.4% year-on-year increase in assets under management to N$128.4 billion, while growing by 1.5% quarter-on-quarter. NAMFISA attributed the increase to investor contributions and favourable market conditions.
Long-term insurance assets increased by 9.5% year-on-year and 2.2% quarter-on-quarter to N$97.4 billion, supported by improved investment performance and market recovery.
Short-term insurance assets rose by 17.6% year-on-year and 4.2% quarter-on-quarter to N$11.4 billion, while assets administered by Linked Investment Service Providers increased by 20.7% year-on-year to N$25.2 billion.
Meanwhile, the microlending industry’s outstanding loan book increased by 19.3% year-on-year and 27.0% quarter-on-quarter to N$9.3 billion, mainly driven by growth in term lending.
Medical aid funds recorded a N$178.8 million surplus, while membership increased by 2.1% year-on-year to 226,777 beneficiaries.
NAMFISA reported that the NBFI sector comprised 1,255 active entities and 15,444 intermediaries as at the end of June 2026.
The regulator also reported mixed compliance levels, with 59.6% of assessed entities fully compliant under Stage 1, while 4.1% were classified as non-compliant under Stage 5. Microlending institutions accounted for 82.7% of entities in the Stage 5 category.
Consumer complaints increased by 5.1% quarter-on-quarter to 103, with 91.3% resolved. Consumers received N$529,800 in compensation, with the pension fund sector accounting for 62% of the total.
