The Ministry of Finance and Public Enterprises has announced plans to auction 26,384 metric tons (MT) of horse mackerel to the highest bidder, aiming to generate revenue for government expenditure. The bidding process will close on 1 March. The tender conditions stipulate that bids must be in multiples of 100 metric tons, with a minimum...
November 1, 2024
Tag: Auction
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Govt to auction 26 000 mt of horse mackerel
The government has opened bids for the auction of 26,384 metric tonnes (mt) of horse mackerel with minimum bids of N$3,500 per mt for frozen fish and N$1,000 per mt for wet fish. The government’s auction is done through the Ministry of Finance and Public Enterprises and the Ministry of Fisheries and Marine Resources. The...
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First-ever Epukiro Auction attracts more than 800 cattle
The first-ever Epukiro auction held in the Omaheke Region attracted more than 800 cattle, Epukiro Constituency Councillor Packy Pakarae revealed on Thursday at the official opening of the auction at Omauezonjanda. Pakarae indicated that the new initiative between the Eastern Epukiro Farmers Association and Karoo-Ochse is very important and will assist communal farmers in his...
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Govt successfully raises funds through securities auction
IN a recent move to secure funds, the Namibian government successfully raised N$64 million through its recent auction of internal registered stock (IRS) and inflation-linked bonds (ILBs). Held yesterday, the auction attracted strong investor interest, with bids totalling N$131 million. According to the Bank of Namibia, Namibian government securities are issued in the form of...
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Minister Zizi Kodwa welcomes decision to suspend Mandela auction
South African arts and culture minister Zizi Kodwa has welcomed the decision to suspend the auction of the late former president Nelson Mandela’s personal belongings, including his identity document (ID) book, trademark shirts, hearing aid equipment, spectacles, shoes and 100 other items. Mandela’s daughter Makaziwe had reportedly initiated the auction with the New York-based Guernsey’s...
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South Africa seeks to stop auction of historic Nelson Mandela artefacts
The South African government has said it will challenge the auctioning of dozens of artefacts belonging to the nation’s anti-apartheid stalwart Nelson Mandela, saying the items are of historical significance and should be preserved in the country. The 75 items belonging to Mandela – the country’s first democratically elected president who spent 27 years in...
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Can Namibia’s Fishing Quota Auction Program Overcome Mixed Performance? – Namibia Daily News
Staff Reporter WINDHOEK, Oct. 1 — The Namibian government has recently launched another round of bidding for its monkfish quota, putting 600 metric tons (MT) up for sale. The aim of this initiative is to generate revenue that will contribute to the country’s federal budget. This move follows the implementation of the fishing quota auction...
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Residents claim city wants to auction off their homes
The chairperson of the Katutura Residents Committee, Benestus Kandundu, says poor residents owe the City of Windhoek more than what their homes are worth. He says residents’ properties are being auctioned off by RedForce Debt Management to recover their debts. City of Windhoek spokesperson Harold Akwenye, however, says the city does not auction off the...
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Livestock auction pens at Eiseb 10 valued at N$1.1 million Growth Point
The Meat Corporation of Namibia (MeatCo) has spent N$1.1 million on setting up livestock auction pens at Eiseb 10 Growth Point in the Otjombinde Constituency of the Omaheke Region. Usually, farmers would make use of the Gobabis auction pens, which are 350 kilometres away. Speaking at the official handover of the auction pens at Eiseb...
