Malawi is losing USD 28 million (about MK4.6 billion) worth of fisheries resources each year due to unsustainable fishing in natural bodies, an estimate which represents 0.8 percent of Gross Domestic Product (GDP), according to the Ministry of Finance and Development's Economic valuation of Sustainable Natural Resource Use report in Malawi.
The report, released over the weekend, says aquaculture production is still very low, staggering at around 2000 metric tons per annum, and contributing only about 2 percent of the total fish production of Malawi each year. ??
It says due to a multiplicity of factors (increasing population, declining stocks, overfishing, increase exportation, among other), there has been a marked decline in per capita fish consumption in recent 45 years.
