Vast majority of fishing rights held by Namibians

Stefanus Nashama Minister of Fisheries and Marine Resources, Derek Klazen, announced that significant changes have occurred in Namibia’s fishing sector, with 95 percent of fishing rights now held by Namibians. Klazen also highlighted the positive developments in the fishing industry, emphasizing its contributions to employment, value addition, fleet expansion, processing plants, investments, regional development, and corporate social responsibility for broader societal benefit. These remarks were made yesterday, with Klazen underscoring the Ministry’s commitment to reforming fish stock management and treating the fishery sector as a national asset. This includes sound management of fish stocks and promoting domestic employment and processing…