Global investment bank and financial services firm Credit Suisse will pay penalties of over USD 500 million (EUR 429 million) in what anti-corruption experts are calling “the most egregious corruption offense of the decade.”
Credit Suisse admitted to conspiring to commit fraud in a Mozambique tuna-fishing project and, in a coordinated global resolution with the U.S. Securities and Exchange Commission, the U.K. Financial Conduct… Read More
Two tuna-conservation organizations have accused 32 countries of hindering the fight against illegal, unregulated, and unreported fishing (IUU).
The Global Tuna Alliance (GTA) and Tuna Protection Alliance (TUPA) have, in two joint letters, said the failure by 32 governments to ratify the 2012 Cape Town Agreement (CTA) is complicating efforts to battle illegal fishing. At least 18 nations have yet to sign the agreement, and… Read More
Governments in West Africa should halt the manufacturing of aquafeed and animal feed that uses fish fit for human consumption, according to environmental activist nonprofit Greenpeace.
On Thursday, 7 October, the Greenpeace vessel Rainbow Warrior intercepted the Key Sund, a tanker transporting fish oil from West Africa, via the English Channel. In a statement, Greenpeace said the action was taken to bring attention to the alarming rate of growth… Read More
The Namibian High Court approved an application by the country’s prosecution to consolidate two fishery bribery cases involving two former ministers and several other co-accused, in what has been described as Namibia’s biggest corruption scandal.
Justice Christie Liebenberg said the charges against former Namibia Fisheries Minister Bernardt Esau and former Namibia Minister of Justice Sakeus Shanghala and their co-accused should… Read More
The number of drifting fish aggregating devices (dFADs) in the Indian Ocean increased four-fold between 2007 and 2013, raising concerns on the harmful impacts the fishing gear has on marine fisheries.
Non-profit group Blue Marine Foundation (BMF), which has a mission of conducting ocean restoration by tackling overfishing, estimated the number of dFADs deployed globally in purse-seine tuna fisheries every year range from 81,000,… Read More
South Africa said it is committed to taking advantage of the recently approved inland fisheries policy to unlock the country’s inland fisheries resource potential in a drive to achieve food security, job creation, and economic development goals.
South African Forestry, Fisheries and the Environment Minister Barbara Creecy said, in an opinion piece in News24, that the recent approval of South Africa’s National Freshwater (Inland)… Read More
World governments must embrace innovation and equity if the global aquaculture sector is to grow sustainably and be an all-inclusive food sector, according to Food and Agriculture Organization (FAO) Director-General Qu Dongyu.
Dongyu said at the recent Global Conference on Aquaculture Millenium+20 in Shanghai, China, that aquaculture is currently the fastest growing agri-food sector – especially in Africa, Asia, Latin America and the… Read More
The E.U. General Court, a constituent court of the Court of Justice of the European Union, has invalidated a decision by the European Council to approve a deal to amend the Sustainable Fisheries Partnership Agreement between the E.U. and Morocco to include territory under the contested Western Sahara region.
The invalidation of the revised fish trade deal was the culmination of a 2019 suit filed in the court by Polisario Front, a rebel national… Read More
Madagascar has, through its Ministry of Fisheries and Blue Economy, announced its commitment to join the Fisheries Transparency Initiative (FiTI) in a boost to the ongoing global effort to achieve transparency in marine fisheries management.
In a letter to FiTI International Board Chair Valeria Merino, Madagascar Minister for Fisheries and Blue Economy Paubert Mahatante said the commitment to join the initiative is “part of a growth… Read More
At least 25 aquaculture enterprises in sub-Saharan Africa are set to benefit from an initial USD 50 million (EUR 42.6 million) of seed money that global investment firm Aqua-Spark has set aside for the planned launch of its new African Fund in the fourth quarter of 2021.
The fund, which will help address some of the challenges related to investing in aquaculture in Sub-Saharan Africa, will be scaled to USD 300 million (EUR 255.9 million), with… Read More