May fishing quota auction generates N$68.4 million
The ministry of finance and the ministry of agriculture, fisheries, water and land reform this week officially announced and confirmed the results of the governmental objective fishing quota auction that was held on 22 May, providing a full breakdown of allocations, bids and revenue performance.
CHAMWE KAIRA
The ministry of finance and the ministry of agriculture, fisheries, water and land reform this week officially announced and confirmed the results of the governmental objective fishing quota auction that was held on 22 May, providing a full breakdown of allocations, bids and revenue performance.
The public auction successfully generated a total of N$68.4 million in revenue for the State. This total amount includes N$9 000 collected from horse mackerel application fees and a further N$13 000 generated from hake application fees, according to the official announcement.
Officials confirmed that the auction achieved substantial improvements in price realisation across the various categories, while also noting that there were no unallocated metric tons (MT) remaining for either of the two fish species that were offered to the market.
