Ministry of Fisheries and Marine Resources

21 May

Govt targets N$183m in new fish quotas auction

ObserverObserver MoneyMinistry of Finance, Ministry of Fisheries and Marine Resources

Rose-Mary Haufiku The Ministry of Finance, together with the Ministry of Fisheries and Marine Resources, plan to raise N$183.75 million in a new round of governmental objective fish quota auctions. The auction is part of efforts to raise additional funds for Government activities. The allocation is split 60 percent (52, 500MT) horse mackerel freezer and 40 percent (35 000MT) horse mackerel wet, with the reserve price per metric ton set at N$3000 and N$750 for freezer and wet respectively. Bids according to the Ministry of Finance must be in multiples of 100 metric tonnes, and bidding entities should quote a…

Govt considers ending fishing quota auctions

ObserverObserver MoneyMinistry of Fisheries and Marine Resources

Andrew Kathindi The Ministry of Fisheries and Marine Resources has hinted that it may do away with the auctioning of its governmental fishing quotas after it managed to only raise a paltry N$8.4 million in August. Fisheries Executive Director, Annely Haiphene said that the ministry was unsure if and when there will be a next round of auction for the government’s fishing quotas, which was expected to commence this month. “For now, we have not decided whether we are still going to go on with auction or not. It was experimental, for the first time and now we are thinking…