CISNA holds its Bi-Annual Governance Council and Sub-Committee Meeting

The Bi-Annual Governance Council and Sub-Committee Meeting of the Committee of Insurance, Securities and Non-Banking Financial Authorities (CISNA) Secretariat opened, this morning, at the Financial Services Commission (FSC) House, in Ebène. Mauritius, through the FSC, which hosts the CISNA Secretariat, plays a pivotal role in driving this agenda, making these meetings an important milestone for the country’s standing as a premier regional financial centre

The Senior Chief Executive (SCE) of the Ministry of Financial Services and Economic Planning, Mr Sarwansingh Purmessur; the Chairperson of CISNA and Chief Executive Officer of the Namibia Financial Institutions Supervisory Authority, Mr Kenneth Simataa Matomola; and the Chief Executive Officer of FSC Mauritius, Mr Désiré Vencatachellum, were present on the occasion.

In his opening address, Mr Purmessur described CISNA as an important platform that fosters greater regional integration among member countries. He noted that in the context of global uncertainties, unlocking the full potential of regional integration could serve as a driver of domestic prosperity and regional resilience. He emphasised the need to focus on regional integration, long-term alliances and trade policies that would promote growth and prosperity across African nations, while also stressing the importance of Africa speaking with one voice to address common challenges such as advancing the Fintech agenda.

Mr Purmessur also highlighted the Ministry’s priority to align long-term planning with finance in Mauritius, guided by Vision 2050, which aims to develop new sectors, strengthen resilience and anticipate future investment needs. Other key priorities include ensuring appropriate regulation, maintaining compliance, safeguarding the country’s credibility and creating the right ecosystem for the financial services industry to grow.

For his part, the CEO of FSC Mauritius, Mr Désiré Vencatachellum, stated that Mauritius is proud to host the CISNA Secretariat and remains fully committed to supporting its success and contributing to Africa’s financial development. He underlined the importance of effective regulations that are both compliant and business-friendly in attracting investment. He also pointed out that CISNA has the potential to help reshape the narrative about the region by allowing it to speak for itself through stronger regional cooperation.

Mr Vencatachellum reiterated Mauritius’ willingness to continue working in partnership to strengthen CISNA, highlighting the importance of ongoing knowledge sharing, expertise exchange and capacity building among member institutions.

As for the Chairperson of CISNA, Mr Kenneth Simataa Matomola, he expressed confidence that the meetings involving the Sub-Committee, Technical Committee and Governance Council would lead to valuable exchanges of views and experiences, contributing to collaborative solutions to strengthen the financial sector across the SADC region.

He also announced that following the Annual Meeting in October 2025, the FSC was granted a permanent seat on CISNA’s Governance Council, recognising the important role of the host country and enhancing continuity and transparency in CISNA’s decision-making process. He reaffirmed his commitment to advancing CISNA’s mandate under the broader SADC vision and expressed his willingness to continue collaborating with the Government of Mauritius and the FSC to achieve shared objectives.

About the Meetings

CISNA, which brings together 26 Member Authorities from 14 SADC countries, is the main regional platform for harmonising non-bank financial regulation across sectors including insurance, securities, pensions and microfinance. This week’s meetings gathered members of the Governance Council, Sub-Committees and Technical Committees, and the outcomes will be submitted to the SADC Committee of Ministers of Finance and Investment for approval before becoming regional policy benchmarks. The Sub-Committee and Technical Committee meetings were held on 30 and 31 March 2026, followed by a joint meeting on 31 March 2026.

01 April 2026

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