Login

Lost your password?

Sign Up

Register

Login

Login

Lost your password?

Register

Tuesday, July 5, 2022
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion

Africa's
Investment
Gateway

The Exchange
  • Login
  • Register
Subscribe
This Month's Edition
Previous Editions
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion
No Result
View All Result
The Exchange
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion
No Result
View All Result
The Exchange
LOGIN
alternatetext
Importation of fish nets in Tanzania

Tanzania set to import fishing gears after change of heart

There remains a huge responsibility and massive opportunities in the fishing industry in Tanzania.

by John Green
July 18, 2018
in Agribusiness
0
Share on FacebookShare on LinkedIn

It is believed that the Government of Tanzania has had a change of heart in the importation of fishing nets, following a vendetta over the same matter. Irregularities and illegalities had cause the Government to shut its doors for the importation of the gears, as they look to manage their natural resources. Such practices have harmed the fishing industry, with the fishers decrying their concerns to the authorities.

Illegal fishing gears have affected water resource, affecting the young fishes. The immature ones are entangled with the mature ones, depleting the water resource and leaving no future for the economic activity. It is a phenomenon that has seen fishing numbers go down over seasons, compelling the importation of fish from outside avenues to meet the demand of the markets.

This has made governments to be reliance on something they could have generated themselves and made money out of, rather than spending money on what they could harness from their disposal. It has brought loss to the fishers and affected the field in general. Authorities have advocated for modern fish farming practices to boost the economic activity and ensure longevity.

Management of fishery resources has been hinted to ensure their potential has been maximized and brought the best possible outcome. One of the predicaments other than illegal fishing gears, has been water pollution from industries and careless disposal of waste. They have affected water resources, endangering both the flora and fauna.

The efforts of the Government have pulled off in recent times, arresting law breakers in the faculty who are facing the law. Illegal fishing gears have been confiscated as well, with undocumented fishes seized in the process. President Magufuli’s leadership has seen various positive changes especially in the business sector with irregularities and corruption being dealt with quickly.

alternatetext

Such actions by disloyal fishermen has cost the government lump some of revenue that could have played major roles in the economy. Being an extension of agriculture, the fishing industry has been a source of livelihood to many Tanzanians and source of employment.

The contribution of the industry to the general GDP of the nation is merely 2 per cent but could rise to 10 per cent, should measures be undertaken to expand the sector. Harnessing its fish from Lake Victoria which is jointly shared by Uganda and Kenya as well, it has a high potential to contribute to the regional market with proper organization and management.

ALSO READ: Tanzania to secure $660 million to boost economy

Post harvest losses were recorded to go up to 70 per cent, posing a threat to its longevity and production. More investments could steer the direction of the industry to a proper destination of expansion and growth. There are more opportunities existing in the industry with the shortage of supply to be used as business opportunities. 80% of fishes capture emanate from seas and lakes but still do not meet the demand of the market.

Tags: Fishing industryLake VictoriaTanzania

STATE OF ECONOMY - GET THE REPORT

ASSESSING EAST AFRICA

Loading...

John Green

John Green is a journalist by profession who holds a degree in Bachelor of Journalism, Broadcast Option and works as an online writer for The Exchange website. To contact Johnson Green please email [email protected]

Related Posts

The 19 Aliko Dangote Businesses. www.theexchange.africa
Agribusiness

Aliko Dangote’s fertilizer plant answer to Africa’s Russia-Ukraine crisis worries

March 25, 2022
GALVmed and Elanco Animal Health's new initiative to combat the epidemiology of ticks in Africa. www.theexchange.africa
Agribusiness

Livestock diseases cost Sub-Saharan Africa farmers billions

March 20, 2022
Farmers in Mozambique. The purpose of agricultural value chain analysis (AVCA) is to increase efficiency, productivity and competitiveness of an agricultural sub-sector or industry. www.theexchange.africa
Agribusiness

Mapping agricultural value chain to access agro-finance

March 14, 2022
Next Post
private sector in Tanzania

Private sector in Tanzania get $40 million loan boost

A section of Alliance Concrete Ltd's fleet of Truck Mixers.

Big 4 boost: Alliance Concrete Limited invests Ksh600 million in Kenya, avails ready mix concrete

TradeMark East Africa(TMEA) with Kenya Ports Authority officials at the Port of Mombasa during a past event. The Port is a key entry point to imports in East Africa.

Government cautioned over high import bill, to hurt Big 4 Agenda

Please login to join discussion




This months edition

Features

Countries

Era of the African Passport: A mixed bag of opportunities?

by june njoroge
July 4, 2022
0

The African passport is a common passport document that is set to replace the existing nationally issued AU member states’...

Read more
Sibongile Thobakgale. She is the area sales manager for South Africa at Aggreko Africa. www.theexchange.africa
Investing

Transforming manufacturing in Africa

by Opinion
July 4, 2022
0

From cement to food and beverages to metal production and processing, manufacturing organisations are looking for sustainable energy solutions to...

Read more
Wallace Manyara. He is the Business Development Manager, Region South & East Africa, Wärtsilä Energy. www.theexchange.africa
Investing

Renewables, gas cheapest ways to meet Mozambique’s electricity demand

by Opinion
July 1, 2022
0

To meet its growing energy needs and increase electricity access across the population, Mozambique must build 1.3GW of new power...

Read more
By 2030, tech financing in Africa will hit US$90 billion. African governments have a lot to do to reduce the risk of investing in tech startups. www.theexchange.africa
Tech & Business

Challenges and opportunities across Africa’s tech ecosystems

by Njenga Hakeenah
July 4, 2022
0

In addition, governments have to make things better for businesses. Currently, tech start-ups have to pay a lot to comply...

Read more
Foreign Currency Auction System Fails to Meet Soaring Demand
Industry and Trade

Foreign currency auction fails to meet soaring demand

by Laurence Sithole
July 4, 2022
0

Despite these fundamentals, the Zimbabwe dollar has continued to slide against the United States dollar prompting the government to take...

Read more

News

Banking
Industry & Trade
Investing
Money Deals
Regional Markets
Tech & Biz
Opinion

Countries

Kenya
Tanzania
Uganda
Burundi
Rwanda
Southern Africa
Ethiopia

More

My Account
Contact us
Advertise
About us
Help Center

Subscribers Center

E-paper
Premium Stories
Education Rates
Corporate Subscriptions
Weekely Newsletter

  • My account
  • About us
  • Advertise
  • Contact
  • Privacy Policy
  • Refund Policy – The Exchange
  • Sitemap

No Result
View All Result
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion
  • Login
  • Sign Up
  • Cart

© 2021 The Exchange - Powered by MediapixManaged by Supported by Digihandler,

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In