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The National Fishing Corporation of Namibia (Fishcor) does not have the money and expertise to catch the horse mackerel quota it has been awarded by the government.

The general manager of finance and administration at the National Fishing Corporation of Namibia (Fishcor), Mino Gariseb, is embroiled in a dispute with the company’s top management regarding the nature of his employment.

Getty Images President Hage Geingob has been implicated in new allegations of corruption involving the country’s lucrative fishing industry. According to a lawyer who allegedly arranged the deal, the Namibian president instructed his associates to embezzle millions from a state-run fishing enterprise in order to bribe electors. The leader has strenuously denied any implication in what many consider to be the country’s biggest corruption scandal since its independence. President Hage Geingob has been implicated in new allegations of corruption involving the country’s lucrative fishing in...

As many as 425 of Seaflower's employees have been working for Tunacor since the processor lost access to its agreed 50,000t quota last year

Fishcor opts out of arbitration   AFRICA Selection Fishing Namibia (ASFN) and the Nationa Fishing Corporation of Namibia (Fishcor) is heading for the High Court after the state-owned enterprise opted out of an arbitration process.   After initially agreeing to go into the process to work out modalities on how the contractual agreement between the partners in the joint venture with Seaflower Pelagic Processing (SPP) would be honoured, Fishcor gave notice that it will instead approach the High Court of Namibia with an application to halt the arbitration process.   According to the contractua...