Namibia Savings & Investment Association (NaSIA) represents the majority of the country’s Asset Managers, Collective Investment Scheme (CIS) management companies, Linked Investment Service Providers (LISPs) and life insurance companies.
NaSIA was formed in 2017 by members of the Association for Unit Trusts in Namibia (AUTN), the Investment Managers Association of Namibia (IMAN) and the Life Assurers Association of Namibia (LAAN). These associations disbanded and their assets and activities were transferred to NaSIA.
NaSIA’s members are considered the custodian of the bulk of the nation’s savings and investments (i.e. the non-banking sector) and are among the country’s biggest contributors to the national GDP.
NaSIA enables the non-banking sector to speak with one voice and represents the unified goal of ensuring that the Namibian savings and investment industry remains relevant and sustainable into the future in the interest of not only of NaSIA and its members, but also the country and its citizens.
NaSIA is incorporated as a not-for profit company and is empowered by a mandate from an industry that is considered a formidable partner around Government’s negotiation table where we proactively engage on policy, regulatory and issues of common concern
“To ensure that the savings and investment industry remains relevant and sustainable in the interest of Namibia”
“To facilitate and enable the industry to speak with one voice on matters of policy and regulation affecting the savings and investment industry”
NaSIA further aims to promote a culture of savings and investment in Namibia by: Building a transformed, vibrant, and globally competitive financial sector; Actively participating in education, transformation and social development; Encouraging Namibians to save; Promoting transparency and disclosure; Focusing on the consumer; Encouraging ethical and equitable behaviour; Collaborating with Government to: Achieve level playing fields and healthy competition; Engage on policy and regulatory issues.
“NaSIA’s strategic purpose and mandate is to continue to strengthen relationships with key stakeholders and to remain a trusted partner to these stakeholders in the financial services industry. NaSIA has been tasked with ensuring that as a collective the industry remains relevant and sustainable.”
Responsible for implementing the overall NaSIA strategy as mandated by the NaSIA Board of Directors. Represents NaSIA around the negotiation table with Government, the policymaker and regulators.
Responsible for conducting research and analysis on current and future policies and regulations governing the non-banking financial institutions in Namibia;
Research on global best practice policies not yet operational in Namibia; determine their appropriateness to Namibia and where appropriate analyse the adoptability of such policies to Namibia.
Responsible for conducting research and analysis on current and future policies and regulations governing the non-banking financial institutions in Namibia; Research on global best practice policies not yet operational in Namibia; determine their appropriateness to Namibia and where appropriate analyse the adoptability of such policies to Namibia.
To assist with conducting research on policies governing the non-banking sector, providing technical support / advice to NaSIA sub-committees on laws and regulations and drafting policy papers and submissions on behalf of NaSIA members.
PA to the CEO and responsible for providing administrative support to the Secretariat.