Namibia to auction off government fishing quotas

0 Comment(s)Print E-mail Xinhua, June 9, 2020
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WINDHOEK, June 9 (Xinhua) -- Namibia will for the first time in history auction off government fishing quotas to generate revenue for the state, Fisheries and Marine Resources Minister Albert Kawana said Tuesday.

According to Kawana, government will auction off the quota to fund social projects and rural development plans such as aquaculture.

"The auction will ensure government collects enough revenue and enhances transparency in the allocation of government quotas as opposed to the old approach," he said.

The quotas were formerly allocated to the National Fishing Corporation of Namibia (Fishcor) which was at the center of the Fishrot scandal, which saw politicians and businessmen accused of receiving huge bribes from foreign firms. Enditem

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