Who we are / Info
The Non-Bank Financial Institutions Regulatory Authority (NBFIRA) of Botswana plays a crucial role in ensuring the stability, integrity, and growth of the country’s non-bank financial sector. Established by an Act of Parliament in 2006 and operational since 2008, NBFIRA oversees a wide range of entities including insurers, pension funds, capital markets, micro-lenders, asset managers, and virtual asset service providers.
Under the NBFIRA Act 2023, the Authority is responsible for licensing, supervising, enforcing compliance, promoting consumer protection, and advancing anti-money laundering practices. Its risk-based regulatory framework aligns with global standards, focusing supervision on areas with the highest potential risk.
In the 2023/24 period, the number of regulated entities rose to 867, with total sector assets reaching P160.6 billion—over half of Botswana’s financial sector. Enforcement efforts continued to target non-compliance, though regulatory penalties declined significantly, signaling improved industry adherence. NBFIRA remains committed to enhancing financial sector resilience and protecting consumers.
Our products / services (list)
Licensing
Regulation
Supervision
Enforcement
Consumer Education
Risk Assessment
Compliance Monitoring
Policy Development
Market Surveillance
AML/CFT Oversight
Data Collection
Stakeholder Engagement
Financial Sector Analysis
Complaint Handling
Resolution of Failing Entities
