The Namibia Financial Institutions Supervisory Authority (NAMFISA) is set to create approximately 150 jobs during the construction of its new headquarters in Windhoek’s central business district.
The project, involving 18 subcontractors, is expected to span two years.
“Specialised subcontractors will handle electrical, elevator, water boosting pump, CCTV, access control, LAN and telephone, UPS, fire detection and public address, solar PV, fire sprinkler, HVAC, water heating, standby generator, building management, earthing and lightning protection, joinery, audio-visual and signage installations,” NAMFISA’s Head of Strategy and Projects Elvin Kamana said.
NAMFISA’s Chief Executive Officer Kenneth Matomola said the project, with an estimated cost of N$236.8 million, represents a significant investment in the authority’s infrastructure and capacity to serve the Namibian people.
“Our new headquarters will be a beacon of stability and progress, reflecting our dedication to safeguarding the interests of consumers and investors, and maintaining the integrity of the financial system while remaining financially sustainable,” Matomola said.
He noted that the building will have four floors of parking and six floors of office space.
“The building will be constructed by a joint venture between Adaptive Building Land Construction JV China State Construction Engineering Corporation (Pty) Ltd,” he explained.
NAMFISA Board Chairperson Hettie Garbers-Kirsten emphasised the importance of this new development.
“It is with great pride and excitement that we gather here today. As we turn the first sod of earth, we are not just laying the foundation for a building; we are laying the groundwork for a future of enhanced service delivery, increased efficiency and sustained growth,” she said.
She noted that the new headquarters is designed to be a state-of-the-art facility that will support NAMFISA’s strategic and operational goals.
“Our strategic intent with this new building is clear: to create a modern, efficient and conducive environment that will enable NAMFISA to better serve the financial services industry, and, most importantly, the Namibian people,” Garbers-Kirsten added.
