A total of N$52.3 million was raised from the sale of 28,500 metric tons (MT) of horse mackerel under the Governmental Objective Fishing Quota.

The total was inclusive of N$11,000 raised from application fees for the total quota of 30,540 MT of horse mackerel bids held on March 31, 2023.

A media release issued by the Ministry of Finance on Thursday said the two ministries considered the horse mackerel auction a success, with a slight improvement in prices from the reserve price.