Namibia is planning to auction horse mackerel and hake quotas to foreign fishing vessels in a bid to urgently raise money to fight the coronavirus pandemic, reports Bloomberg.
The country’s fisheries ministry on Monday announced plans to sell 60 percent of its Governmental Objective Fish Quota.
Along with tourism, beef and mining, fishing is one of Namibia main sources of foreign exchange.
"Government is in need of financial resources on an emergency basis with a view to mitigate the effects of COVID-19," Albert Kawana, the country's fisheries and marine resources minister, said on Monday.
