The government's 60% quota is normally reserved for state-owned company Fishcor, which has been caught up in a corruption scandal. Last month Namibia approached the International Monetary Fund for a 4.5 billion Namibian dollars ($254 million) emergency loan to help it fight COVID-19. The proposed auction of the government's fishing quota would be the first of its kind in the country. "The available quota is as follows: Horse mackerel - 72,000 MT, out of which 40% will be reserved for local companies. Corruption allegations that have hit Namibia's fishing industry saw two former ministers and four others accused of being involved in a scheme to award fishing licences to an Icelandic firm in return for kickbacks.

Source: The Star August 10, 2020 12:56 UTC