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Namibia to auction fishing quotas for Coronavirus funds

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.

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:

 

Source: bbc.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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