Shem Oirere is a Kenyan journalist who previously worked for daily newspapers as a general news correspondent, business reporter and sub-editor before turning to full-time freelancing. For the more than 20 years, he has covered various sectors of Africa’s economy including agriculture, food processing, and maritime industries. A graduate of the University of South Africa, he has traveled within and outside Africa covering various industry events that have a bearing on the continent’s economy on behalf of different international consumer and trade publications. He currently lives in Nairobi, Kenya.
Cape Town, South Africa-based seafood company Irvin & Johnson (I&J) experienced a challenging back half of 2023, with a dip in fish sales, soaring fuel prices, and intensifying competition in the international seafood market all contributing to the poor performance.
The company said in its FY 2023 results that fuel costs plagued the company, as it heavily engages in fleet management activities. Between 2022 and 2023, the company… Read More
A study supported by the World Bank’s Development Research Group has found African countries have the capacity to increase their fishery output and profits if they embraced a united approach regarding the distribution of fish quotas.
Gabriel Englander, a researcher at the University of California Santa Barbara (UCSB), served as the lead author of the study, "A fish cartel for Africa," which was published by Nature Communications in… Read More
A Kenyan company specializing in cold storage has opened a facility in the country’s capital of Nairobi, pushing the East African nation closer to majorly reducing post-harvest seafood losses.
ARCH Cold Chain Solutions Fund’s USD 70 million (EUR 64 million) facility can store up to 18,000 metric tons (MT) of seafood and other perishable products and aims to support both domestic and international retailers and traders in effectively… Read More
Cape Town, South Africa-based seafood company Sea Harvest Group has announced its intention to acquire 100 percent of businesses engaged in the catching, processing, and sale of pelagic fish under the umbrella of the Terrasan Group – a South African investment firm.
Sea Harvest said in a statement it will also acquire nearly two-thirds of Terrasan’s subsidiaries engaged in the farming, processing, and sale of abalone in South… Read More
Morocco’s state-owned National Institute for Fisheries Research (INRH) recently launched a MAD 34 million (USD 3.38 million, EUR 3.08 million) research vessel that aims to enhance the scientific institution’s ability to collect accurate and timely fisheries data.
The 22-meter Ibn Sina II research vessel is the sixth in the Moroccan fleet and is equipped with two biological and chemical analysis laboratories. It also has other… Read More
Namibia has partnered with the World Economic Forum (WEF) to address food loss and waste in the country’s fisheries sector by adding value to fish byproducts – including heads, internal organs, skins, and frames.
The partnership, which was established under the Namibia Ocean Cluster – an initiative modeled on Iceland’s Ocean Cluster – aims to connect entrepreneurs, businesses, and fishers to develop shared expertise… Read More
A group of small-scale fishers in South Africa have accused the country’s Department of Forestry, Fisheries, and the Environment (DFFE) of corruption and discrimination through the deployment of its fishing rights allocation (FRA) system, claiming that they have been cast aside in attaining rights while those with upper-class connections in the country receive more favorable treatment.
The group, interviewed where they work in Cape… Read More
Egypt's tilapia sector is expected to post year-over-year growth in both 2023 and 2024, marking a positive shift from the stagnant output the North African country’s aquaculture sector has reported since 2020, according to a joint report from the Global Seafood Alliance (GSA) and Rabobank.
Specifically, the report, which references data from the GSA and Dutch banking and financial services provider Rabobank, estimates Egyptian tilapia… Read More
Tanzania’s seaweed production increased by more than 52 percent year over year in Q3 2023 as the sector took advantage of higher prices and lower costs for export permits, thanks to an initiative the country’s government instituted in June.
Statistics from the Bank of Tanzania show the nation's seaweed production during the period reached 3,972 metric tons (MT) – a slight improvement over the 3,932 MT produced in Q2 2023. The… Read More
Riyadh, Saudi Arabia-based aquaculture company Saudi Fisheries Company (SFC) posted a 9.2 percent year-over-year increase in sales revenue for the nine months ending 30 September 2023, but accumulated losses have continued to pile up for the company, leading it to develop a plan to reverse its fortunes.
The company’s financial results covering the nine-month period show its revenue rose to SAR 42.7 million (USD 11.4 million, EUR 10.6… Read More