Namibia fishing auction for COVID-19 cash flops
NYASHA NYAUNGWA A fisheries auction in Namibia meant to pay for COVID-19 care has flopped, after bidders stumped up barely 1.3% of the $38 million offers accepted, the finance minister said on Wednesday. The government blamed speculators for the failure. In August, the government said it would auction its 60% share of the annual horse mackerel and hake output by the end of October, to raise funds for equipment and medicines. That 60% quota is normally reserved for state-owned company Fishcor, which has been caught up in a corruption scandal. It included 11,000 tonnes of hake, 72,000 tonnes of horse…