The Non-Bank Financial Institutions Regulatory Authority (“NBFIRA”) would like to inform members of the public that it has, acting in terms of Section 46 (4) (a) of the Insurance Industry Act, 2015 (“the Act”), appointed Mr. Paul Masie as Statutory Manager of Westlife Insurance Botswana (Pty) Ltd...
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May 19, 2023 The Non-Bank Financial Institutions Regulatory Authority’s (“NBFIRA”) would like to inform members of the public that Micro Lenders are regulated by the Micro Lending Regulations (2012) and Prudential Rules for Systemically Important Micro Lenders (2018). The Authority wishes to remind...
The Non-Bank Financial Institutions Regulatory Authority (“NBFIRA”) hereby informs the public that QZ ASSET MANAGEMENT is not licensed to operate as a Non-Bank Financial Institution as required by Section 3(1) of the Securities Act, 2014, nor has it been granted any dispensation to operate in...
The Non-Bank Financial Institutions Regulatory Authority’s (“NBFIRA”) would like to inform members of the public that Ecoplexus is not licensed to provide investment business services in Botswana, therefore, the business and its representatives are operating illegally. It has come to the Authority’...
The Non-Bank Financial Institutions Regulatory Authority (“NBFIRA”) cautions members of the public against fraudsters who may approach them with the intention of obtaining their personal documents under the pretext that they will be opening building material accounts for them. The fraudsters’ modus...
1. Members of the public are informed that Anandi Capital (Pty) Limited (Anandi), applied and was granted temporary suspension of its licence as an Asset Manager specialising in private equity, until December 31, 2023. 2. Anandi will, therefore, not be eligible to offer asset management services...
The Non-Bank Financial Institutions Regulatory Authority (“NBFIRA”) would like to inform members of the public that Herental Insurance Agency (Pty) Ltd has surrendered its licence and accordingly NBFIRA has cancelled their licence. Please note that the effect of the cancellation of licence is that...
The Non-Bank Financial Institutions Regulatory Authority (“NBFIRA”) would like to inform members of the public that Baruch Investments (Pty) Ltd has surrendered its licence and accordingly NBFIRA has cancelled their licence. Please note that the effect of the cancellation is that Baruch Investments...
The Non-Bank Financial Institutions Regulatory Authority (“NBFIRA”) would like to inform members of the public that Mark-Take Holdings (Pty) Ltd t/a Mark-Take Insurance Brokers has surrendered its licence and accordingly NBFIRA has cancelled their licence. Please note that the effect of the...
The Non-Bank Financial Institutions Regulatory Authority (NBFIRA) undertook public education in relation to investor protection. The focus is on strengthening retails investors' knowledge of their rights and responsibilities regarding Collective Investment Undertakings (CIUs) to help them make...
