The Legislature of Liberia has approved a USD 40 million (EUR 35.6 million) financing deal between the West African country and the World Bank’s International Development Association (IDA) for the implementation of the Liberia Sustainable Management of Fisheries Project (LSMFP).
The approval by both the Liberian House of Representatives and Senate comes weeks after IDA and Liberia announced the financing, which includes a USD 20 million… Read More
Guinea-Bissau has reiterated its commitment to the latest five-year fisheries partnership agreement with the European Union.
The agreement, which was first signed in 2007 and which was renewed for four years in 2019, will enable the West African country to increase national revenue, create additional jobs, and support growth of the nation's seafood industry, according to Guinea-Bissau Foreign Minister Suzi Barbosa.
Barbosa told… Read More
A new OMR 20 million (EUR 45.7 million, USD 51.7 million) shrimp project in Oman has commenced commercial production according to a top official in the Ministry of Agriculture, Fisheries and Water Resources …
Photo courtesy of Fisheries Development… Read More
Namibian NGO Affirmative Repositioning (AR) has entered into a partnership with London, U.K.-based global anti-corruption fund Restitution to begin litigation targeting the tracing and recovery of more than NAD 2.5 billion (USD 156.3 million, EUR 133.1 million) suspected to have been lost through the Fishrot scandal between 2014 and 2019, the Namibian reported.
The initiative creates an avenue to initiate international civil lawsuits against… Read More
Cape Town, South Africa-based Premier Fishing and Brands posted a achieved a 27 percent increase in revenue to ZAR 575 million (USD 35.9 million, EUR 31.8 million) for year ending 31 August, 2021 …
Photo courtesy of Premier Fishing and… Read More
Members of the Indian Ocean Tuna Commission (IOTC) have, for the second time in under a year, failed to agree on a resolution for the outcome of a secret ballot vote on proposed amendments to regulations on the management of fish aggregating devices (FADs).
During a special meeting on 29 November, efforts to strike a deal on the disputed June 2021 vote on amendments to Resolution 19/02 – supported by Kenya, Sri Lanka, Maldives,… Read More
South Africa has jailed two Chinese nationals suspected to be part of a global abalone-poaching syndicate.
The South China Morning Post reported that another suspect, a Malawian national, was also handed a one-year prison sentence as South Africa steps up efforts to reduce illegal seafood trading, which has been blamed for the loss of more than 96 million individual abalone between 2006 and 2016, with 90 percent of the smuggled sea snails ending… Read More
Cape Town, South Africa-based seafood company Oceana Group has issued a voluntary trading update for the 12 months ended 30 September, 2021, indicating losses for the full year – but a partial recovery in the second half of 2021.
The update comes after the company alerted shareholders and its customers of a potential delay in the publication of its financial results for the 12 months ended 30 September, 2021. The update is yet to be… Read More
The Indian Ocean Tuna Commission (IOTC) has called for an urgent special session on 29 November to discuss the validity of a disputed vote on a proposal by Kenya on the improvement of the management of drifting fish-aggregating devices (dFADs).
The alleged voting malpractice during the June 2021 IOTC session saw the proposal – PropE_Rev2, co-sponsored by Sri Lanka, the Maldives, Mozambique, Pakistan, Somalia, South Africa, Indonesia, and… Read More