Namibia’s friendly society grows assets to N$3.2m

Namibia’s only active friendly society remained financially stable during the first quarter of 2026 despite paying out more funeral claims a year earlier.

According to the latest quarterly report by the Namibia Financial Institutions Supervisory Authority (Namfisa), the industry, which consists of a single friendly society providing funeral benefits, ended the quarter with a net surplus and enough liquid assets to meet all of its financial obligations.

“The industry held sufficient liquid investments to settle its liabilities at the end of the quarter and it was considered financially sound as at 31 March,” Namfisa says in its quarterly report.