Namibia Deposit Guarantee Authority - NDGA

23/04/2026

In 2025, the Namibia Deposit Guarantee Authority (NDGA) continued to strengthen its role as a key pillar of depositor protection and financial stability in Namibia. From growing the Fund and enhancing public awareness across 20 towns, to advancing strategic partnerships and deepening institutional readiness, the Authority recorded meaningful progress in the ex*****on of its mandate.

Watch the highlight video below for a look at some of the key milestones that shaped the Authority’s work in 2025.

Watch the I’ll video on any of the Bank of Namibia and NDGA social media platforms.

16/04/2026

The Namibia Deposit Guarantee Authority (NDGA) has released its 2025 Annual Report with a clear account of the work undertaken to strengthen depositor protection and strengthen confidence in Namibia’s financial system.

A major highlight from the year under review is the increase in the maximum deposit guarantee coverage limit from N$25,000 to N$50,000 per depositor. This broadens the financial safety net and gives depositors more substantial protection in the unlikely event of a commercial bank failure.

The report also highlights the Authority’s continued efforts to build a more responsive and resilient deposit insurance system for Namibia. During 2025, the Authority participated in the national crisis simulation exercise, continued regional stakeholder engagements and advanced strategic partnerships through cooperation with peer institutions.

Finally, the year also marked the conclusion of the Authority’s inaugural 2023–2025 Strategic Plan. As the NDGA moves into its new 2026–2028 Strategic Plan, the Authority remains committed to protecting depositors, promoting trust in the banking sector and contributing to financial stability in Namibia.

Read the full Annual Report here: https://bit.ly/3QofbG3.

15/04/2026

What milestones shaped the NDGA’s work in 2025?

Join the Namibia Deposit Guarantee Authority for the official launch of its 2025 Annual Report as the Authority reflects on its progress, achievements and continued contribution to depositor protection in Namibia.

Date: 16 April 2026
Time: 10:00–12:00
Watch live: NDGA and Bank of Namibia pages

05/01/2026

In alignment with its Strategic Plan, the Namibia Deposit Guarantee Authority team conducted a public engagement and information dissemination campaign in the Kavango East and West regions. The engagements and campaign were led by Mrs. Florette Nakusera (Head of the Authority) with support from a technical delegation comprising Mr. Petrus Shifotoka (Manager: Operations), Mr. Rakotoka Zaire (Senior Financial Analyst) and Ms. Ndeyapo Msati (Financial Analyst).

The team visited Rundu, Divundu, Ndiyona, Nkurenkuru, Katwitwi, and surrounding communities. The engagement began with courtesy visits to Hon. Hamunyera Hambyuka, Governor of Kavango East, and Hon. Verna Sinimbo, Governor of Kavango West. This was followed by outreach sessions with local bank branches and the general public, aimed at raising awareness about the NDGA’s mandate and depositor protection.

The NDGA remains committed to enhancing public understanding and strengthening financial safety across all regions.

22/12/2025

The Namibia Deposit Guarantee Authority (NDGA) congratulates Mr. Ebson Uanguta on his appointment as Governor of the Bank of Namibia.

We thank him for his visionary leadership as Founding Chairperson of the NDGA Board and wish him every success as he continues to serve Namibia.

13/10/2025

21/05/2025

In line with its 2023–2025 Strategic Plan, the management and staff of the Namibia Deposit Guarantee Authority conducted a public engagement and information dissemination campaign in the Oshikoto and Ohangwena regions. From 12-16 May 2025, Mrs. Florette Nakusera (Head of the Authority) along with Mr. Petrus Shifotoka (Manager of Operations), Mr. Rakotoka Zaire (Senior Financial Analyst) and Ms. Ndeyapo Msati (Financial Analyst), visited several towns including Tsumeb, Omuthiya, Oniipa, Eenhana, Okongo, Ohauno and Oshikango to engage directly with communities and raise awareness about deposit protection.

The visit aimed to raise awareness about the institution’s mandate and reinforce public confidence in the financial system by highlighting the mechanisms that exist to safeguard depositors’ funds. The regional outreach commenced with a courtesy call on the Governor of the Oshikoto Region, Honourable Sacky Kathindi. This was followed by targeted engagements with local commercial bank branches and a series of community information sessions. These sessions served as platforms to share educational materials, address public inquiries and promote financial literacy at grassroots level.

11/04/2025

Today, the Namibia Deposit Guarantee Authority (NDGA) celebrated 5 years of existence and officially launched its 2024 Annual Report under the theme: “Fostering Financial Stability Through an Effective Deposit Insurance Scheme.”

Since 2020, The NDGA has grown into a cornerstone of public trust and institutional strength, administering a Deposit Guarantee Fund now valued at N$30.3 million and providing full coverage to over 91% of depositors in Namibia. The 2024 NDGA Annual Report reflects this progress, which is anchored in strong governance, prudent investment and the successful implementation of the Authority’s 2023–2025 Strategic Plan.

During the event, the NDGA signed a Memorandum of Understanding with its international strategic partners: the Ghana Deposit Protection Corporation (GDPC) and South Africa’s Corporation for Deposit Insurance (CODI).

From joining global networks to forging regional partnerships and investing wisely through a diversified portfolio, the NDGA has laid the groundwork for long-term sustainability by delivering impact even amid global and domestic headwinds.

📘 Access the full 2024 NDGA Annual Report here: https://bit.ly/42wjH80.

10/04/2025

A five-year journey toward resilience and trust in Namibia’s financial system.

The Namibia Deposit Guarantee Authority - NDGA celebrates its 5th anniversary and launches the 2024 Annual Report, highlighting progress made in enhancing depositor confidence and systemic stability. The event will take place under the theme, "Securing Deposits. Strengthening Confidence. Sustaining Stability.”

📍 11 April 2025
🗓️ 09:00 – 13:00
🎥 Livestreamed via the Bank of Namibia and NDGA Facebook platforms

As global financial ecosystems adapt to new realities, NDGA’s growth offers timely insights into governance, resilience and institutional design. Join sector leaders and stakeholders as they reflect on the past and explore the future of financial stability in Namibia.

24/10/2024

Did you know that the Namibia Deposit Guarantee Authority (NDGA) is your financial safety net? Established under the Namibia Deposit Guarantee Act in December 2018 and fully operational since February 2020, we’re here to protect you!