The Exchange - East Africa's Source for Financial News The Exchange MAY 2017 - FINAL (1) | Page 16

16. MAY 2017 REGIONAL NEWS Baited fish: Tanzania’s fishing industry By merit of figures alone, Tanzania ought to be the continent’s biggest fish producers, but unfortunately, it barely produces enough to feed its own people some USD75.5 million for the First South West Indian Ocean Fisheries Governance and Shared Growth Project (SWIOFish1) out of which Tanzania got USD36 million meant to improve livelihoods of fishermen and encourage private sector investment. A Plea for Help A major hurdle to the sector’s development is low budget allocation coupled with even lower disbursing rates. Around May last year during the budgetary sessions, parliament was informed that the Ministry of Agriculture, to the GDP. Dynamite: Blowing up illegal fishing in Tanzania Dynamite fishing has severe long-lasting effects on marine ecosystem and gravely endangers development of the fishing sector. Some of the efforts undertaken by the government to put to end the devastating practice are as under: • Preparing the SWIO Fish project, which includes a component on Fish vendor at ferry market displaying fish for sale. Photo by George Lupatu/ MediaPix By Giza Mdoe T here is something fishy when a country that has arguably the largest fishing grounds both fresh and marine, is among the least producers of fish and fish products on the continent. Tanzania’s total fresh water area is estimated to be 54,337 km 2 , marine territorial water area is 64,000 km 2 and the Exclusive Economic Zone (EEZ) is 223,000 km 2 while the total coastline is 1,450 kilometres long. Tanzania shares three of the largest inland lakes in Africa; more than half (51%) of Lake Victoria, the second largest fresh water lake in the world (68,800 km 2 ) is in Tanzania. It also owns huge chunks of Lake Tanganyika, the second deepest lake in the world (32,900 Km 2 ) and Lake Nyasa (30,800 km 2 ). There are also small lakes and dams like Lake Rukwa, Lake Manyara, Lake Eyasi and Lake Natron, and Mtera and Nyumba ya Mungu dams which cover more than 7% of the land surface. By merit of figures alone, Tanzania ought to be the continent’s biggest fish producers, but unfortunately, it barely produces enough to feed its own people. However, the country is not alone. Africa in general is lagging behind compared to the rest of the world. Production of fish around the world continues to exhibit an upward trend. Even though this fact is true for Africa as well, the continent is lagging behind considerably compared to the rest of the world. According to the Food and Agriculture Organisation (FAO) while the global total amount of seafood produced in 2008 was 142 million tonnes, Africa produced a mere 8.1 million tonnes. Tanzania’s fisheries sector supports more than four million people engaged in various fisheries activities like processing, trading, fish transporting, net-making and boat- building. The sector contributes 1.4% to the national Gross Domestic Product (GDP). As of 2014, some 367,854 metric tonnes of fish were produced valued at Tshs. 1,444,432,520 and which earned the country over US$6,117,769,193.74 million in foreign exchange from export of fish and fishery products.1 While on the one hand these numbers may be notable, comparatively speaking and givenA the huge potential of the sector, they are not impressive at all. The main reason behind the underperformance of Tanzania’s fishing industry is meager resource investment. Despite efforts by the government to develop the sector including reducing import taxes for fishing equipment and its appeal to the private sector to invest, it is only artisanal laymen who are shouldering the sector’s development burden. Apart from a handful of commercial vessels owned by Distant Water Fishing Nations (DWFN), that get licensing to fish in the country’s EEZ, the main players are artisans using rudimentary tools and old methods. While the sector grapples with numerous challenges such as a dire lack of modern equipment, inadequate skills and proper training, it is further crippled by illegal fishing using banned methods to make a catch including bombs and small nets. The result is a below-par performance that has doomed fishers and fishermen to extreme poverty. The World Bank Group (WBG) in February 2015 step