Rédaction Africa Links 24 with Ester Mbathera
Published on 2024-02-28 10:04:02
The Ministry of Finance and Public Enterprises, in partnership with the Ministry of Fisheries and Marine Resources, has announced the auction of 26,384 tonnes of horse mackerel. The purpose of this auction is to raise funds for government expenditure. The tender conditions specify that bids must be made in multiples of 100 tonnes, with a minimum price of N$3,500 per tonne for freezer fish and N$1,000 per tonne for wet fish.
Interested bidders must follow specific procedures, including submitting their bids in sealed envelopes by 10:00 on March 1st, either physically or via email. Additionally, a non-refundable administrative fee of N$1,000 must be paid along with the bid. Bidders are also required to provide a bid security deposit or a bank guarantee to demonstrate their commitment to settle the amount payable if their bid is successful.
The bid security deposit is to be paid into the state account and will not be refunded for successful bidders. This deposit will be deducted from the total amount payable for the quota awarded. The Ministry of Finance will determine the allotment of bids after the auction closes, with quotas being allocated to the highest bidders at their bid prices. However, bids below the reserve price may be rejected, and partial allotments may be made if necessary.
Successful bidders must comply with statutory requirements, including fishing period regulations, vessel licensing, and adherence to the Marine Resources Act. They are also responsible for paying fees to the Fisheries Observer Agency and must comply with taxation laws. The allocated quotas are for the 2024 fishing harvest period and cannot be refunded or reallocated to subsequent seasons.
The full auction results are expected to be announced by the end of March. Participants are encouraged to stay informed with The Namibian, a credible source of journalism that offers in-depth reporting and opinions for only N$85 a month. Investing in journalism is investing in democracy, so subscribe now to support quality journalism.
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