Wednesday, September 30, 2026
Subscribe
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • E-PAPERreader
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • E-PAPERreader
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
Subscribe
No Result
View All Result
Home Latest

Govt targets N$300m growth in fisheries sector contribution to N$10.7bn by 2030

by reporter
December 17, 2025
in Latest
9
A A

The government aims to raise the fisheries sector’s contribution to the national economy by N$300 million, from N$10.4 billion to N$10.7 billion by 2030, under the Sixth National Development Plan (NDP6), Minister of Agriculture, Fisheries, Water and Land Reform Inge Zaamwani has said.

Zaamwani said the sector’s contribution to gross domestic product is projected to increase from N$10.4 billion to N$10.7 billion by the end of the decade.

She said achieving the target will depend on rebuilding fish stocks to maximum sustainable yield, intensifying efforts against illegal, unreported and unregulated (IUU) fishing, expanding value addition in fish products and increasing employment across the sector.

“The achievement of these ambitious targets requires us to collectively develop action plans to achieve these targets. You are therefore key partners in this development process,” Zaamwani said while addressing fishing rightsholders during an industry engagement in Lüderitz.

“The way you manage your operations will be central in achieving NDP6 goals and ensure meaningful contribution to GDP, value addition, the creation of quality jobs, tax compliance and strategic investment,” she said.

To strengthen accountability, Zaamwani said the ministry plans to introduce a Fisheries Scorecard in 2026. The scorecard will assess fishing rightsholders not only on catch levels and regulatory compliance, but also on job creation, local procurement and corporate governance.

She said the measure is intended to distinguish companies that make a genuine developmental contribution from those that merely hold fishing rights.

The minister also warned of corporate governance failures in parts of the industry, citing cases where marginalised communities are used to secure fishing rights without receiving fair access to dividends or financial information.

“These practices are unethical and will no longer be tolerated,” she said, adding that the scorecard would be used to expose and address such abuses.

On enforcement, Zaamwani said government is strengthening by-catch controls and surveillance, while working towards ratifying the World Trade Organization Fishing Protocol to enhance regional and international cooperation against IUU fishing.

She noted that pilchard stocks are showing early signs of recovery, prompting the approval of a precautionary total allowable catch for the 2025 season. The decision, she said, is intended to test the recovery of the stock under strict scientific monitoring rather than signal a return to unrestricted fishing.

Zaamwani urged industry players to diversify export markets, invest in aquaculture and agriculture, and expand value-adding activities to ease pressure on wild fish stocks while supporting food security and job creation.

“The protection of non-target species and the broader ecosystem is integral to the health of the stocks we depend on,” she said. “At the same time, we need to put in place effective surveillance measures to eradicate illegal, unreported and unregulated fishing from our seas.”

author avatar
reporter
See Full Bio
Previous Post

Namibia’s non-bank financial sector assets climb 5.3% to N$528.2bn in Q3

Next Post

President appoints six more members to national task forces

Must Read

Defaults by municipalities and SOEs leave NamPower owed N$912m
Latest

NamPower reveals N$1.4bn profit as asset base grows to N$58bn

September 29, 2026
Man in a navy suit and polka-dot tie speaking at a podium in front of a Namibia Statistics Agency backdrop with a laptop in the foreground.
Latest

NSA renews Shimuafeni’s term as Statistician-General to 2031

September 29, 2026
Passenger traffic at Namibian airports falls in May
Latest

Hosea Kutako drives July passenger rebound with 19.6% jump in arrivals

September 29, 2026
Standard Bank posts N$556.9m six-month profit, up 10%
Finance

Standard Bank raises Namibia’s 2026 growth forecast to 2.2%-2.9%

September 28, 2026
Cereal box tilted as its contents pour into a white bowl with a yellow rim on a wooden table.
Agriculture

ProNutro discontinued in South Africa, Namibia impact unclear

September 24, 2026
Person pushing a metal shopping cart filled with white and green plastic bags in a store aisle
Latest

New Consumer Protection Agency planned to strengthen consumer rights in Namibia

September 18, 2026
Load More

Related News

Is it time for Namibia to introduce a National Insurance Tax for universal healthcare?

Why an introduction of a stronger gambling tax is critical for Namibia’s long-term prosperity and social wellbeing.

December 12, 2025
BoN warns banks against profit shifting

BoN warns banks against profit shifting

September 14, 2023
Telecom activates Equiano Cable connection

Telecom activates Equiano Cable connection

July 31, 2024

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • e-edition
  • Finance
  • Finance
  • Fisheries
  • Green Hydrogen
  • Health
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • Namibia
  • namibia
  • News
  • Opinions
  • Property
  • Retail
  • Technology
  • Tourism
  • Trade
The Brief | Namibia's Leading Business & Financial News

The Brief is Namibia's leading daily business, finance and economic news publication.

CATEGORIES

  • Business & Economy
  • Companies
    • Agriculture
    • Finance
    • Fisheries
    • Health
    • Property
    • Retail
    • Technology
    • Tourism
    • Trade
  • e-edition
  • Finance
  • Green Hydrogen
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • News
    • Africa
    • Namibia
  • Opinions
    • Analysis
    • Columnists

CONTACT US

Cell: +264814612969

Email: newsdesk@thebrief.com.na

© 2026 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Companies
  • Mining & Energy
  • Business & Economy
  • Opinions
    • Analysis
    • Columnists
  • Africa

© 2026 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.