Regulatory Alerts2025-12-12
NBFIRA Annual Financial Statements for the Year Ended 31 March 2025
The Non-Bank Financial Institutions Regulatory Authority of Botswana issued its audited annual financial statements for the year ended 31 March 2025, demonstrating compliance with IFRS standards and the Non-Bank Financial Institutions Regulatory Act of 2023. The Authority reported a total revenue of P119.8 million, driven by supervisory levies comprising 88.97% of income, which reversed the previous year's deficit to yield an operating surplus of P8.3 million and total assets of P83.9 million. Forvis Mazars confirmed the fair presentation of these statements, highlighting accurate recognition of supervisory levies and robust impairment modeling for trade receivables as the primary audit focus.
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