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Namibia Raises 68.4 Million Namibian Dollars from Fishing Quota Auctions

By Africazine

Namibia successfully auctioned fishing quotas, generating significant revenue for the state.

The government raised 68.4 million Namibian dollars (about 4.16 million U.S. dollars) from public auctions for the 2026 fishing season. The auctions, held on May 22 and completed by May 29, allocated a total of 11,037.11 metric tons of horse mackerel and 1,719.69 metric tons of hake.

Namibia’s Fishing Quota Auctions Yield Strong Results

The Ministry of Finance reported that the recent auctions attracted bids in both wet-processing and freezer-processing categories. The final revenue includes non-refundable application fees of 9,000 Namibian dollars for horse mackerel bids and 13,000 Namibian dollars for hake bids. This year’s auctions achieved stronger clearing prices compared to previous quota auctions.

All quotas on offer were successfully allocated, leaving no unsold volumes. This reflects the growing interest and participation in Namibia’s fishing industry.

Namibia: Key figures on fishing quotas

  • 68.4 million Namibian dollars
  • 4.16 million U.S. dollars
  • 11,037.11 metric tons of horse mackerel
  • 1,719.69 metric tons of hake
  • 9,000 Namibian dollars for horse mackerel bids
  • 13,000 Namibian dollars for hake bids

Future of Namibia’s Fishing Quota Auctions

Namibia has been auctioning government objective fishing quotas since 2020. This initiative aims to generate revenue for the state and enhance transparency in marine resource allocation. The government is expected to continue this practice in future fishing seasons.

Next Steps for Namibia’s Fisheries Management

  • Continue public auctions for future fishing seasons
  • Monitor the allocation of marine resources
  • Evaluate the impact of auction revenues on state finances

Namibia’s fishing quota auctions are a significant step towards revenue generation and transparency.

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