Shiimi reveals N$627m fishing quota auction windfall

28 August 2020 | Government

OGONE TLHAGE

WINDHOEK



Government has raised over N$627 million from the auctioning of its “development objectives” fishing quotas to local and international bidders.

This, according to finance minister Iipumbu Shiimi, is twice the amount that government would have raised if it had simply sold the fishing quotas at reserved prices. Successful bidders have to cough up by 31 August.





No names or countries of the successful bidders were revealed yesterday in Shiimi's statement.

Government was able to raise N$164.4 million from the 11 000 metric tonnes of hake it auctioned, N$457.7 million from its 72 000 metric tonnes of horse mackerel and N$5.4 million from its 392 metric tonnes of monk.

“In this regard, the total amount raised from the auction amounted to N$627 million, including the application fees. This is equivalent to 100% more or two times when compare to the N$315 million which could have been raised if the governmental fishing quota was sold at the reserved prices,” Shiimi said.

The decision to auction was the correct one, the finance minister added.

“As a result, it has now been proven beyond doubt that the government was right to take a decision to test the market in order to establish the true value of its fisheries resources. With this amount, we are confident that it will go a long way in funding government priority programmes such as improving sanitation, hostel facilities and other expenses exacerbated by Covid-19,” he said.



Legal threats

The People's Litigation Centre (PLC) had threatened to drag the fisheries ministry to the High Court to review a decision by minister Albert Kawana to auction off the fishing quotas to the highest bidders.

A petition had also been started by the Eshisha Development Organisation against the auctioning of the quotas.

Of the quotas up for grabs, 40% had been reserved wholly for local companies, while 60% was open for bids from local and international companies.

In a strongly worded letter to Kawana, which was also sent to the finance ministry, the PLC said the auction “does not support the ideals of transparency and accountability”.

“It is shocking, considering the fact that 5 176 companies that applied for fishing quotas in 2018, about two years ago, are yet to receive substantive responses.”

Similar News

 

‘No need’ for Geingob to apologise

1 day - 20 October 2020 | Government

JEMIMA BEUKES WINDHOEKSwapo spokesperson Hilma Nicanor has leapt to the defence of President Hage...

Govt to review sentencing laws for sex offenders

1 day - 20 October 2020 | Government

NAMPAWINDHOEKPrime Minister Saara Kuugongelwa-Amadhila said the seriousness of the ongoing sexual and gender-based violence (SGBV) in the country and demands from protesters have forced government...

Uutoni consults AG over Rundu debt collector

2 days ago - 19 October 2020 | Government

KENYA KAMBOWERUNDUUrban and rural development minister Erastus Uutoni will seek advice from the attorney-general over the contract between the Rundu town council and Redforce Debt...

Advisory town planning boards replaced

1 week ago - 08 October 2020 | Government

LEANDREA LOUWWALVIS BAYThe Namibia Planning Advisory Board (Nampab) and the Townships Board have been replaced in terms of the new Urban and Regional Planning Act.This...

Kapofi explains five-year delay of traffic cameras

2 weeks ago - 05 October 2020 | Government

JEMIMA BEUKESWINDHOEKSafety and security minister Frans Kapofi last week explained to parliament why 12 speed cameras that cost the police N$12 million remain dysfunctional five...

Uutoni has final say on Wu’s N$20m discount land...

2 weeks ago - 01 October 2020 | Government

KENYA KAMBOWERUNDUUrban and rural development minister Erastus Uutoni will have the last say as to whether 83.1738 hectares of land at Divundu in the Kavango...

PG Imalwa faces exit

3 weeks ago - 29 September 2020 | Government

WINDHOEKELLANIE SMITWith the term of Prosecutor-General Martha Imalwa ending this year, the Judicial Service Commission (JSC) has advertised the position of the principal state legal...

Fuel taps close for bigwigs

3 weeks ago - 24 September 2020 | Government

OGONE TLHAGEWINDHOEK The Public Office-Bearers (Remuneration and Benefits) Commission has moved to implement a directive by President Hage Geingob to limit fuel consumed...

Geingob calls for united Covid action

3 weeks ago - 24 September 2020 | Government

STAFF REPORTER WINDHOEK President Hage Geingob says a united global approach will help in the fight to stave off the mounting effects...

'Total disarray'

1 month - 18 September 2020 | Government

KENYA KAMBOWERUNDUGrootfontein CEO Sisco Sinvula has written a five-page press statement in which he exposes what he describes as “total disarray” and an appalling state...

Latest News

Covid kicks Shiimi in the...

7 hours ago | Ministries

OGONE TLHAGE WINDHOEKThe Covid-19 pandemic has sucked government coffers dry and hit state revenue streams by nearly N$5 billion, thus exerting pressure...

Seven apprehended for wildlife crimes

7 hours ago | Crime

ELLANIE SMIT WINDHOEK Seven suspects were arrested for wildlife-related crimes in five separate cases recently, of which three are new cases registered...

Unemployment drives youth into electoral...

7 hours ago | Opinion

Yesterday, the Electoral Commission of Namibia (ECN) announced that a whopping 93 independent candidates have been registered to contest in the upcoming regional council elections.In...

APP takes aim at NamWater,...

7 hours ago | Politics

Kenya KamboweRUNDU The All People's Party (APP) says NamWater and the country's various regional energy distributors (REDs) are making a fortune off local authorities,...

Teacher makes extra income from...

7 hours ago | Agriculture

STAFF REPORTERWINDHOEKFarming activities can become an extra income for many Namibians.A science teacher at the Oshilungi Combined School, Anneli Mutumbulwa, chose not to depend on...

Agriculture still feeling the pinch

7 hours ago | Agriculture

ELLANIE SMITWINDHOEKMeasures put in place to prevent the spread of the coronavirus caused disruptions in food chains in Namibia, which in turn posed a threat...

Don't judge on the basis...

7 hours ago | Opinion

TONI HANCOXThe Legal Assistance Centre (LAC) objects to any characterisation of Namibian voters by race or ethnicity. Not all white voters have the same opinions,...

Use of 'war' in electoral...

7 hours ago | Opinion

SOPHIA SHANINGWAOn 17 October 2020, the president of the Swapo Party, Comrade Hage G Geingob successfully launched our campaign for the November 2020 regional and...

What a time to be...

7 hours ago | Sports

LIMBA MUPETAMIWINDHOEKThe year 2020 has been exceptional for Namibian international Peter Shalulile as he not only jointly won the PSL Golden Boot with 16 goals,...

Load More