Non-Bank Financial Institutions Regulatory Authority NBFIRA
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Who they are
Created under the NBFIRA Act 2006 and operating since 2008, NBFIRA supervises the country's non-bank financial sector.
What they do
Licenses and supervises insurers, pension funds, capital-market participants, non-bank lenders, collective investment undertakings, asset managers, investment advisers and custodians, and issues rules, directives and guidelines. It also licenses virtual asset service providers under the Virtual Assets Act and publishes notices cancelling licences or cautioning against unlicensed providers.
Enforcement by this regulator
| Date | Entity | Action | Penalty | Source |
|---|---|---|---|---|
| 4 Sep 2026 | Prestige Wealth Investments (Pty) Ltd (PWI) (unlicensed entity) | Formal Reprimand | — | official |
| 30 Apr 2026 | Prestige Solutions Financial Consultancy (Pty) Ltd t/a Prestige Wealth Solutions (unlicensed entity) | Formal Reprimand | — | official |
| 25 Feb 2026 | Turnbright Investments (Proprietary) Limited t/a Turnbright Pawn Shop (pawnshop) | Licence Action | — | official |
| 25 Feb 2026 | PAA Capital (Proprietary) Limited (virtual asset service provider) | Licence Action | — | official |
| 2 Jul 2025 | Penrich Insurance Brokers (Proprietary) Limited (insurance broker) | Licence Action | — | official |
| 14 Sep 2023 | Acute Asset Management (Pty) Ltd (asset manager) | Licence Action | — | official |
Latest news
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Related regulators
Others in Botswana supervising overlapping sectors.