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Namibia Deposit Guarantee Authority unveils its 4th annual report

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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. 

Notably, the Fund's market value soared to N$23.1 million by the close of December 2023, reflecting a surge in growth bolstered by premiums from member institutions and strategic investments in a favourable interest environment.