By Tiri Masawi
Windhoek – The Namibian Government has said to foster equitable access to the lucrative fishing sector is paying off, with the quota auction raising nearly US$12.8 million.
In a joint statement, Fisheries and Marine Resources Minister Derek Klazen and Finance Minister Ipumbu Shiimi described the second fishing quota as a success.
Auctioning of fishing quotas was introduced to address loopholes identified in the so-called Fishrot scandal in which senior government officials and international private sector players allegedly fleeced the country of millions of dollars. The matter is still pending before the country’s courts.
Southern African country’s second fishing quota auction as a success.
The Fisheries and Finance ministers this week said: “In October last year, we announced that a technical committee has been put in place and directed to plan future Governmental Objective Fish Quota Auction(s) for Hake, Monk and Horse Mackerel, and that government will continue to be transparent in this process. This has since been done.
“As you would recall, the Government of the Republic of Namibia decided to sell the fish quota for Governmental objectives through a competitive auction to the highest bidder. The aim was to determine the correct value of Namibia’s fishery resources with the view to ensuring that the country fully benefits from her natural resources.
The auction received a total of 38 bids – 26 for wet hake and 12 for freezer hake – and 23 met specifications.
“The overall demand at the auction was strong, with a total subscription of N$404.3 million. In terms of volume, a total of 46,858mt was applied for, although only 15,020mt were valid. A total of N$156.1 million was raised from the primary auction, sold as N$131.1 million from 11,164mt of wet hake and N$25 million from 2,000mt of freezer hake.”