RLJ Group to invest US$100m in revamping fishing industry

LIBERIA - The government of Liberia is set to receive US$100 million investment into the fishing industry from RLG Group, an innovative business network that provides strategic investments in a diverse portfolio of companies. The proceeds will go towards improving the fish industry through the development of fishing depots and the building of fish processing…

Government devotes US$2m for genetic improvement of fish in Zambia

ZAMBIA - The government through the Zambia Aquaculture Enterprise Development Project (ZAEDP) has pumped in US$2 million in fish genetic improvement to boost the fishing industry in Zambia. According to Lusaka Times, the programme will involve research work at the National Aquaculture Research Development Centre (NARDC) with a goal to enhance the quality and quantity…

Netherlands to support Tanzania’s fishing sector with a teaching model farm

TANZANIA - The Netherlands has pledged to support Tanzania’s fishing industry by establishing a model farm in Dar es Salaam where it will provide with teaching and training in the sector, Daily News has reported. According to the Netherlands Ambassador to Tanzania, Mr Jeroen Verheul, a model farm would be the driving force towards modern…

Fishing group Sea Harvest to acquire Ladismith Cheese Company for US$36m

SOUTH AFRICA - Fishing Group Sea Harvest plans to diversify its food products portfolio by acquiring a value-adding dairy processing company, Ladismith Cheese for US$36.81 million. With the acquisition, Sea Harvest seeks to boost its local dairy segment which has seen recent investments including development and acquisition of additional dairy and allied beverage products. “Ladismith…

Cargill opens new aquaculture center in Indonesia

INDONESIA – Cargill, an American privately held global corporation, has opened an aquaculture innovation center in Indonesia to work with freshwater fish farmers in raising farming and feeding standards. According to the company, the Technology Application Center (TAC) is located at Ciseeng, Parung-Bogor, which is a hub for freshwater aquaculture in Indonesia. It will bring…

Oceana Group eying offshore acquisitions as it looks to diversify operations

SOUTH AFRICA - Oceana Group, one of the largest fishing companies on the continent is eying acquisitions on other markets as it looks to diversify its operations out of South Africa, Business Day reports. In South Africa, the company is said to be limited to making big acquisitions prompting to turn to other regions for…

AfDB to increase fish production in Africa by 5m tonnes by 2025

NIGERIA - The multilateral development finance institution, African Development Bank (AfDB) Group has announced it is targeting to increase aquaculture production in Africa by five million tonnes by 2025. Through its Technologies for African Agricultural Transformation (TAAT) programme, the bank is looking to increase inland water fish to enable Africa become self-sufficient in fish production,…

Fishing group Oceana appoints Imraan Soomra as permanent CEO

SOUTH AFRICA - Oceana Group Ltd, the South African fishing company has announced that its acting CEO Imraan Soomra has been appointed as its chief executive effective 1 August 2018. Soomra was confirmed interim CEO in February this year after Francois Kuttel resigned as the CEO to pursue his bid of buying a majority stake in the…

FAO commits to supporting and improving fisheries sector in Liberia

LIBERIA - The Food and Agriculture Organization (FAO) of the United Nations has pledged support and ensure improvement of the fisheries sector in Liberia, according to the NEWS. FAO will provide the needed logistical support to ensure overall transformation and improvement of the Liberian Fisheries Sector. This is geared towards economic empowerment in Liberia with…

Mauritius and South Africa signs MoU to enhance capabilities in aquatic life

SOUTH AFRICA - South Africa and the Ministry of Ocean Economy, Marine Resources, Fisheries of Mauritius have signed a Memorandum of Understanding (MoU) to enhance capabilities in fisheries, fishing, seafood processing, trade of fish and fish products by promoting aquaculture development and exchange of related expertise and technologies. According to AllAfrica, MoU also allows for…