496

Tujoromajo Kasuto The Namibia Deposit Guarantee Authority (NDGA) board chairperson Ebson Uanguta says in the annual report that the entity’s market value has increased to N$10 259 574 in 2021 from N$4 902 924 in 2020. He says the growth in the fund’s value was primarily attributable to N$5,079,150 in member institution premiums paid in July 2021 and a total annual interest income of N$278,496 in 2021. Over the reporting period, the premiums received from member institutions were invested in line with the Investment Policy and Investment Agreement signed between the NDGA and the Bank of Namibia. Uanguta explained that,…