Kawana issues fish worth N$600m
By Hilary Mare
A TOTAL of 15 new right holder joint venture firms have been allocated over 50 000mt of horse mackerel quota while some old right holders and 2012 right holders will share 64 000mt and 72 000mt respectively, Confidente can exclusively reveal.
This translates to nearly 190 000mt quota and with a tonne costing N$3 500 on average, Confidente understand that the value of the commercial quota is approximately N$600 million.
The horse mackerel sector and fishing industry at large have been at the centre of reforms following the outbreak of the Fishrot scandal in 2019 in which Icelandic fishing firm Samherji allegedly secured access to fishing quotas worth millions by paying bribes of around N$150 million to politicians and businessmen between 2012 and 2018.
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