The Namibia Deposit Guarantee Authority (NDGA) has unveiled its fourth annual report for the year ended December 31, 2023.
The report revealed the NDGA's adherence to the Deposit Guarantee Act, showcasing its governance, operations, and the performance of its Deposit Guarantee Scheme.
The Namibia Deposit Guarantee Authority (NDGA) is currently conducting stakeholder engagements in the ||Kharas Region.
The NDGA aims to protect depositors from the loss of their deposits by compensating them in the unlikely event of a commercial bank failure.
The Namibia Deposit Guarantee Authority (NDGA) launched its three year strategic plan, covering 2023 to 2025 in Windhoek.
The strategic plan will ensure effective collaboration among stakeholders and continuous public engagement.
Since its inception in 2020, the Namibia Deposit Guarantee Authority (NDGA) has grown in value to the point where it can cover payments to 1,3 million small depositors, for a total amount of N$25,000 each, in the case of a financial institution going bankrupt.
