South Africa’s Premier Fishing reports 72% growth in profit despite economic hardships

SOUTH AFRICA – Premier Fishing and Brands, a leading South African fishing company, reported a 72% increase in operating profit in the six months to February 28, 2019 despite tough economic conditions across major markets. The Johannesburg Stock Exchange (JSE) listed firm said that the business benefited greatly from strong performance of its sales in…

Norwegian seafood exports reach US$2.98b with strong growth for salmon

NORWAY – Norway exported 640,000 tonnes of seafood valued at US$2.98 billion (NOK 25.6 million) in the first quarter of 2019, representing a 7% increase in export value from the same comparable period of the year before. In March alone, 205,400 tonnes of seafood worth US$1.06 billion (NOK 9.1 billion) were exported, but this was…

Ghana’s seafood and fish products imports up US$ 311.4m on increasing demand

GHANA - Ghana’s fish and seafood imports in 2018 grew to about US$ 311.4 million on account of increasing demand and dwindling fish stocks. According to a recent report by the Global Agricultural Information Network (GAIN), of the United States Department of Agriculture, the country imported an estimated 370,000 MT in during the period. The…

FDA lifts import ban on genetically engineered salmon, advocates for safe biotechnology

USA – The U.S. Food and Drug Administration has lifted an import ban on genetically engineered salmon as part of the efforts in advancing development of safe biotechnology innovations in the country. The 2016 import ban prevented genetically engineered salmon from entering the US until the agency finalizes on guidelines on how it should be…

Norwegian seafood exports valued at US$1.8b in 2019 boosted by salmons

NORWAY – Norway has exported 406,000 tonnes of seafood valued at US$1.88 billion (NOK 16.4 billion) this year to February, supported by among other factors, strong salmon exports. In February, which Norwegian Seafood Council said was the best ever for Norwegian seafood exports, 198,700 tonnes of seafood with a value of NOK 7.8 billion (US$898.23…

Kenya lifts ban on China fish imports as demand increases

KENYA – Kenya has lifted the ban on fish imports from China as the country continues to experience increased demand that has caused fish shortage in the country, reports Business daily. The Department of Fisheries in the country, which imposed the ban last year after President Kenyatta issued a directive against importation of Chinese fish…

South Africa commits to transforming the fish industry

SOUTH AFRICA – The South African Government has expressed its commitment in transforming the fishing sector as it seeks to expand the multi-billion sector which is currently dominated by only a few companies, reports Business Day. Senzeni Zokwana, Agriculture, Forestry and Fisheries Minister said the ministry is finalising the allocation of 15-year fishing rights to…

Zambia’s fish production to hit 40,000 tons with ZAED project

ZAMBIA - The Zambian government has said that fish production is expected to increase to 40,000 tonnes upon completion of the Zambia Aquaculture Enterprise Development (ZAED) Project in 2021, reports The Times of Zambia. The project is aimed at stimulating growth in the aquaculture subsector in order to promote economic diversification and sustainable employment generation…

Tanzania to construct international shipping port to promote fishing

TANZANIA – Tanzania is set to construct an international shipping port to promote Sustainable Blue Economy and improve the fishing sector as well, reports the Guardian. Speaking during the sustainable blue economy conference in Nairobi, Kenya, Abdallah Ulega, the deputy minister for Livestock and Fisheries revealed that the government is in its final stages to…

European Union pledges support for Ghana’s fisheries sector

GHANA - The Fisheries sector in Ghana is set to receive support from the European union with a motif of contributing to food security, improving nutrition and livelihoods of the fishing communities in the country. According to GNA, the fishing sector in Ghana has been facing challenges mostly resulting from the unrestricted fishing and weak…