Derek Klazen

Govt raises only N$189 million from hake auction

Govt raises only N$189 million from hake auction

Andrew Kathindi Government has only raised N$189 million from a hake auction in which a potential N$462 million was targeted, the Ministry of Finance has revealed. The wet and frozen hake was auctioned off for Government’s quotas for its governmental objectives on 16 April. “Of these funds N$183.9 million have already been deposited into the State Revenue Fund at the Bank of Namibia, and the balance of N$6 million will be settled next week,” a joint statement by Finance Minister, Iipumbu Shiimi, and newly appointed Fisheries Minister, Derek Klazen, reads. This is the Government’s second auction of its fishing quotas…
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Geingob appoints new ministers

Geingob appoints new ministers

Staff Writer President Hage Geingob has moved Home Affairs Minister, Frans Kapofi, to the Ministry of Defence and Veterans Affairs as Minister replacing Peter Vilho who resigned from the position amid allegations of illicit proceeds in an undeclared Hong Kong bank account. Vilho served as minister for a year and a month, after he was appointed by Geingob in March 2020. Kapofi will be replaced by Albert Kawana as the new Home Affairs Minister. Urban and Rural Development Deputy Minister, Derek Klazen, has been promoted to head the Fisheries Ministry. Former Home Affairs Deputy Minister, Maureen Hinda-Mbuende, bounces back as…
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