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The Namibia Deposit Guarantee Authority Launches Its 2024 Annual Report And Celebrates 5 Years of Existence

The Namibia Financial Sector Strategy (2001 – 2021), a ten-year transformative strategy which was developed by the country’s financial authorities and stakeholders advocated for a safety net to be put in place to protect small depositors in Namibia. This was necessitated by global developments, where countries have responded to bank failures by establishing deposit guarantee schemes.  In order to achieve this objective, the NFSS called for a study to be conducted to determine the feasibility and appropriate format of a deposit guarantee and resolution scheme for Namibia. A feasibility study was concluded and recommended that, in line with international practice as well as developments in the region, Namibia should consider establishing a Deposit Guarantee Scheme.

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29/04/2025 | Petrus Shifotoka

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The N$60.00 Commemorative Banknote – Honouring the Life and Legacy of one of Namibia’s sons of the soil

On 05 March 2025, the Bank of Namibia unveiled a poignant tribute to the late Dr. Hage G. Geingob with the launch of a commemorative N$60.00 banknote celebrating his Life and Legacy. This unique banknote transcends its function as legal tender and lauds the late President, for his remarkable contributions to Namibia's political, economic, and social landscape over six decades. It is evident that his vision and dedication to Namibia has left an indelible mark on the nation.

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03/04/2025 | Cindy Fillipus

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