Seaflower awaits judge ruling on Namibia quota auction
The pelagic processor has taken the government to court for including 24,333t of mackerel quota that it believes is owed to it within the new state quota auctions
Austevoll earnings, profits halved in difficult Q2 despite positive pelagic segment
The ripple effects of COVID-19 have had significant negative results for Austevoll's salmon and trout business, although it noticed improvements in recent months
Namibian ‘gov’t objective’ quotas raise further red flags over Fishcor
At least NAD 51m of quota funds were found to have been diverted to a pair of legal firms, allegedly as kickbacks for gov't ministers
Namibian industry not on board with quota auction
The decision to sell the country's fishing quotas on an open auction has raised the ire of the industry, which feels local land-based factories should have been prioritized
Samherji defends Namibian exploitation allegations with $29m tax figures
Namibian companies affiliated with Samherji paid an equivalent of $47m into the country's treasury while they were in operation
Namibian gov’t sacks director responsible for fishing quotas allocation
Anna Erastus, the director of policy, planning and economics in the Ministry of Fisheries and Marine Resources, is appealing the decision
Samherji investigation shows Namibian business made $7m net loss
The company claims the findings, which show that 55% of operating expenses were paid to Namibian parties, prove it did not exploit the country's fisheries for profit
Former Namibian fisheries minister sees bail appeal denied
The judge said it was highly unlikely Esau was unaware of the direct benefit his son-in-law received from the allocation of quotas to firms now embroiled in the Fishrot scandal
Namibian court finds Fishrot firms transferred $6m via investment funds
Documents submitted by the ACC show a flow of close to NAD 200m passing through two companies co-owned by South African lawyer Maren De Klerk
Samherji dismisses watchdog allegations as ‘standard practice made suspicious’
The company pointed to the NAD 400m in taxes it paid to Namibian authorities, noting that using subsidiaries to spread legal, tax and operational risk is standard practice