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COVID-hit Namibia makes second bid to auction off fisheries quota

COVID-hit Namibia makes second bid to auction off fisheries quota

NAMIBIA’S government will have a second go at auctioning off part of its horse mackerel fish quota to raise money for its coronavirus-hit coffers after the first sale flopped, a prospectus showed yesterday. The ministries of finance and fisheries were inviting bids for a June 18 auction of the 87,500 metric tonne quota of the country's horse mackerel fisheries normally reserved for state-owned Fishcor, the paper said. "The purpose of the auction is to raise revenue for government expenditure," finance ministry spokesman Tonateni Shidhudhu said. Namibia's first auction staged in August last year was a disappointment after bidders stumped up…
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