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Namibia’s ‘Fishrot’ quota auction falls flat after bidders fail to pay up

The auction, which had accepted bids worth $38m for the country's COVID-19 relief effort, flopped after bidders paid just over 1% of the agreed sum

By Undercurrent News | Oct. 1, 2020 10:00 BST
Walvis Bay, Namibia. Photo: Jeremy T Hetzel
Walvis Bay, Namibia. Photo: Jeremy T Hetzel
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The Namibian 'Fishrot' quota auctions, intended to raise money towards the country's COVID-19 relief efforts, have failed to raise anywhere near the sum anticipated, reports Reuters [...]

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