Africa project to tap ocean potential, SA's Phakisa takes off

Cape Town – A new pan-African project has been launched to strengthen the continent’s potential for increased trade in fish.

As a continent Africa is endowed with vast fish resources in its oceans, rivers, lakes, floodplains, and fish farms. Africa currently produces 9.9 million tons of fish per year. Its share of global trade only represents 4.9%.

According to WorldFish, a nonprofit research organisation which sets out to harness the potential of fisheries and aquaculture to reduce hunger and poverty, “trade is constrained by inadequate market and trade infrastructure and poor policy implementation”.