Only N$8,4 million received out of N$628 million offered at fish quota auction

Only N$8,4 million received out of N$628 million offered at fish quota auction
Photo credits: 
MICT

Government has only received N$8,4 million from the auction of fishing quotas.
Finance Minister, Ipumbu Shiimi says this is mainly due to the non-payment by successful bidders after two rounds of auctions.
This is a big drop from the initial N$628 million which was offered by 13 successful bidders during the first round of the auction.