Namibia to auction fishing quotas for Covid-19 funds

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Namibia’s Fisheries Minister Albert Kawana has announced that the country will auction off its fishing quotas on an open market to raise funds to fight Covid-19.

The government intends to auction off quotas for three fish species – horse markerel, hake and monk.

The minister cited the need for medicine and medical equipment as the reason the government wanted to raise money.

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Fishing is Namibia’s third-biggest earner after mining and agriculture, Reuters reports, adding that the proposed auction would be the first of its kind in the country.

A local radio station has however reported that the health minister was surprised by the reason given to sell the fishing quotas:

SourceBBC

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