Sub-Saharan Africa-focused private equity fund manager Goodwell Investments has announced USD 1.5 million (EUR 1.2 million) Series A financing for Mozambique-based integrated aquaculture company Chicoa Fish Farm ...
Photo courtesy of Chicoa Fish… Read More
Despite formidable operational and market constraints imposed on the seafood industry by the COVID-19 pandemic, South Africa-based seafood company Oceana Group has posted an exceptional performance for the period ended 30 September, 2020 …
Photo courtesty of Oceana… Read More
Despite the huge potential of Africa’s small-scale fisheries to boost the region’s food security, ramp up nutritional levels, alleviate poverty, and enhance environmental conservation, decision-makers across the continent have given the sector little attention – largely because of inadequate data to support its potential role in sustainable development.
John Virdin, the director of the Ocean and Coastal Policy Program at Duke… Read More
A successful endeavor to rebuild Namibia’s hake stocks and eliminate destructive fishing practices has earned the African country’s hake trawl and longline fishery Marine Stewardship Council (MSC) certification last week. Members of the fishery say the eco-label will open up more global market opportunities for them, especially in Europe and North America, where demand for sustainably sourced seafood is on the rise.
The fishery… Read More
The Seychelles has completed a review of its fisheries policy that could soon enable foreign investors to partner with local seafood entrepreneurs as the government focuses on achieving full, sustainable exploitation of its marine fisheries.
According to the Seychelles Fishing Authority (SFA) Principal Aquaculture Officer Aubrey Lesperance, the island-nation's government “has relaxed the regulation with regards to joint ventures when… Read More
Global nonprofit marine conservation organization Sea Shepherd, in partnership Benin Navy sailors, have arrested an industrial fishing trawler in the port of Cotonou and accused it of fishing illegally.
The arrest of vessel the Fada 18 was preceded by several nights of documentation by the Sea Shepherd crew – aboard the organization’s vessel Bob Barker – of the vessel fishing illegally inside a special management… Read More
South Africa and Namibia could soon grow their share of the global seafood market as the two countries’ hake trawl fisheries are expecting to receive certification from the Marine Stewardship Council (MSC).
A determination has been made to push to get Namibia’s hake fishery MSC-certified, and a similar process for the South Africa hake trawl fishery is underway, but has been slightly delayed. Both countries are banking on the global… Read More
The developer of a Sandpiper Marine Phosphate project in Namibia has assured the country’s fishing associations the company has taken all the necessary precautions to safeguard the country’s fishing industry from any adverse impacts during the project’s lifespan …
Photo courtesy of Namibian Marine… Read More
Despite Mali suffering through coups, separatist insurrection, and terrorist threats in the past several years, the nation's economy has been on a growth trajectory. Recently, several international organizations have moved to leverage this growth to develop and expand the country’s aquaculture sector to enhance food security and raise incomes.
For the last 20 years, a number of fish production initiatives, supported by… Read More
Lack of appropriate technology has been identified as one of the major challenges constraining the expansion and realization of Africa’s aquaculture potential, a trend that Sub-Saharan Africa’s largest fully-integrated aquaculture company Yalelo Limited is now determined to reverse in at least two markets on the continent.
The company – owned by FirstWave Group and a leading aquaculture firm comprised of Yalelo Zambia and… Read More