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Published on 2025-11-24 16:00:00
The Supreme Court has ruled that negligent financial watchdog Namfisa must pay back investors who lost millions when the company Prowealth Asset Managers collapsed.
The Namibia Financial Institutions Supervisory Authority (Namfisa) will have to pay the investors who invested with the company before its collapse 17 years ago, the court has ordered.
Namfisa was negligent when it failed to carry out its duty to supervise the business of Prowealth Asset Managers (PAM) from 2005 until the…
Read the Full article on The Namibian
