The Namibia Financial Institutions Supervisory Authority (Namfisa) plans to spend N$236,8 million on its new headquarters.
This comes after Namfisa held its groundbreaking ceremony in Windhoek yesterday.
The project marks a turning point for the financial services industry in Namibia, promising advancements in service delivery, operational efficiency and consumer protection. It also represents a significant investment in the authority’s infrastructure and capacity to serve Namibians.
Namfisa board chairperson Hettie Garbers-Kirsten emphasised the significance of the new development.
“This will boast four floors of parking and six floors of dedicated office space. This groundbreaking ceremony isn’t just about laying bricks; it’s about laying the foundation for a future of improved services, increased efficiency and sustained growth within the financial sector,” Garbers-Kirsten noted.
The state-of-the-art headquarters is designed to empower Namfisa in achieving its strategic goals.
“Our vision for this building is clear: to create a modern, efficient and supportive environment that will enable us to serve the financial services industry and, most importantly, the Namibian people even better,” Garbers-Kirsten added.
Namfisa chief executive Kenneth Matomola echoed this sentiment.
“To fulfill our mandate effectively, we need a conducive working environment – fit-for-purpose office space. Our new headquarters will be a symbol of stability and progress, reflecting our dedication to safeguarding consumer and investor interests, upholding financial system integrity and ensuring financial sustainability.
“The construction is being undertaken by a joint venture between Adaptive Building Land Construction and China State Construction Engineering Corporation,” Matomola said.
The project promises benefits such as a more robust regulatory framework, fostering a stable and resilient financial sector, boosting investor confidence and propelling economic growth.
It also promises enhanced consumer protection, leading to a safer, more transparent financial system and greater financial well-being for all Namibians.
Matomola said the groundbreaking ceremony signifies not only the start of construction but also a commitment to a stronger, more resilient financial sector.
The new building stands as a testament to Namfisa’s commitment to upholding the highest standards of integrity, transparency and service delivery for the people of Namibia.
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