Invest or face consequences

WALVIS BAY

27 April 2018 | Ministries

Otis Finck - Right holders who do not sufficiently invest or participate in the socio-economic objectives of the fishery sector can expect reduced quota allocations, says the minister of fisheries and marine resources (MFMR), Bernard Esau.

Esau emphasised that the ministry’s measure for employment creation is based on the number of quality jobs per metric ton allocated.

“Those who do not add sufficient value will have their quotas transferred to those who add more value, create more jobs, pay more taxes, levies and fees and procure more locally. Companies that increase their shareholding held by Namibians (women, workers, disabled, youth and people from economically disadvantaged communities) in their beneficiation mechanisms and hence contribute to government’s goal of equitable wealth distribution from our fisheries to all Namibians, will benefit and receive larger quotas.”

The minister said that a more equitable distribution of income helps accelerate growth and promote economic development in the community and country at large.

“Improved distribution of wealth and income is the way forward for Namibia. We want companies to empower previously disadvantaged Namibians, particularly women, youth, liberation war veterans, disabled, and workers in their shareholding structures. A distribution of income which is fair also provides better access to education, healthcare, and housing.”

Esau further pointed out that the MFMR has set out in the short-medium term to enhance socio-economic contribution to the national economy, ensure sustainable management of the marine ecosystem and enforce compliance with fisheries legislation.

“The Fifth National Development Plan set the scene articulating in its planning that by modernising and industrialising the major sectors such as fisheries and manufacturing, among others, and by providing training opportunities so that workers can upgrade their skills, Namibia will create decent jobs for its citizens in a diverse range of industries. This is the winning recipe for the nation’s long-term economic success.”

Policy outcomes of the NDP5 and the targets set in the Harambee Prosperity Plan include the development and implementation of the blue economy policy and regulatory framework by 2019. It also encompasses institutionalising marine spatial planning and identifying the ecologically or Biologically Significant marine areas (EBSAS).



The minister added that in addition to the broad outcomes there are a number of key strategies to ensure sustainable fisheries management, enhance market access and incentivise fish import for sustainable value addition. This also applies for increasing value addition and investments in on-shore processes, developing retail ready products in the hake and other white fisheries such as monk, and promoting investment in mari-culture.

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