馃嚦馃嚘NamibiaSouthern Africa
Government raises N$68.4 million from fish quota auctions
via The Namibian1 min read
The Namibian government generated N$68.4 million from the auction of horse mackerel and hake fish quotas. The Ministry of Finance announced the results of auctions conducted by the Ministry of Agriculture, Fisheries, Water and Land Reform on May 22. Executive director of finance Oscar Capelao stated that N$68.4 million was raised from the sale of 11,037 tonnes of horse mackerel and 1,719 tonnes of hake. This total includes N$22,000 from application fees. Capelao noted a significant improvement in prices and no remaining metric tonnes. The auction received nine bids for horse mackerel and seven for hake, with demand exceeding the available tonnage for both freezer and wet catch. The fisheries ministry had previously reserved 35% of the total allowable catch of horse mackerel for the government. The horse mackerel fishing season will continue until the end of December, while the hake season concludes at the end of September.
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This summary was AI-generated from a story originally published by The Namibian.
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