Namibia is situated on Africa’s south-western seaboard. Its neighbouring countries are Angola to the north, Botswana and Zimbabwe to the east and South Africa to the south. The country is bordered by the Atlantic Ocean in the west. The country covers 825,615 km² (almost four times the size of the UK and twice that of Germany).Following independence the country was divided into 13 regions as determined by the Delimitation Commission and proclaimed in March 1992. These are Omusati, Oshana, Ohangwena and Oshikoto in the north, Kunene in the North West, Kavango and Caprivi in the north east, Erongo, Otjozondojupa, Omaheke, Khomas and Hardap in the central part of the country and Karas in the south.
Head of Authority: Mr Simataa Matomola
Sectors being Supervised: Pension Funds, Long and Short-term Insurance, Medical Aid Funds, Friendly Societies, Units Trust Schemes and Management Companies, Capital Markets and Micro lending.
The Committee of Insurance, Securities and Non-Banking Financial Authorities (CISNA) was established in 1998, pursuant to Annexure 10 of the SADC Protocol on Finance and Investment as a committee of authorities responsible for the supervision of insurance, securities, and non-banking financial institutions (NBFI) in SADC Member States. CISNA is part of the Directorate of Finance, Investment and Customs of the SADC Secretariat and reports to the SADC Committee of Ministers of Finance and Investment through the Committee of Senior Treasury Officials.