Finance Ministry

GRN expects to raise millions at new quota auction

GRN expects to raise millions at new quota auction

Tujoromajo Kasuto The Ministry of Finance (MoF) expects to make millions in a new round of governmental objective fishing quota auction for 392 metric ton (MT) Monk Freezer Fish. MoF Spokesperson, Tonateni Shidhudhu, says the Monk specie is the last auction for this catching season and a successful auction, similar to last auctions for Hake and Horse Mackerel after the first unsuccessful attempt earlier this year, is expected. The auction, which is meant to raise revenue for Government expenditure with a deadline for 27 August, has set a minimum price of N$10,000 per metric ton. According to the MoF, the…
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