01
Jun
Andrew Kathindi Government has only raised N$189 million from a hake auction in which a potential N$462 million was targeted, the Ministry of Finance has revealed. The wet and frozen hake was auctioned off for Government’s quotas for its governmental objectives on 16 April. “Of these funds N$183.9 million have already been deposited into the State Revenue Fund at the Bank of Namibia, and the balance of N$6 million will be settled next week,” a joint statement by Finance Minister, Iipumbu Shiimi, and newly appointed Fisheries Minister, Derek Klazen, reads. This is the Government’s second auction of its fishing quotas…