10 Aug 2015 10:50am
WALVIS BAY, 10 AUG (NAMPA) Minister of Fisheries and Marine Resources, Bernhard Esau says it is imperative that opportunities are opened up for the exploitation and value addition to Namibian fishing resources.
Esau made this statement on Friday at the groundbreaking ceremony of the Atlantic Pacific Fishing (APF) factory thats constructions is estimated between at N.dollars 230 and 250 million.
The factory will be processing and packaging Horse Mackerel fish for both the local and export markets.
APF factory is a Walvis Bay-based Namibian registered company formed through a joint venture that is 51 per cent owned by Namibian long-term Horse Mackerel rights holder, Hefty Group of companies (Pty) Ltd; Joka Two Fishery (Pty) Ltd and Namibia Seaweed Processing (Pty) Ltd.
The remaining 49 per cent is owned by Brandberg Namibia Investment Company (Pty) Ltd, which falls under China Fishery Group Ltd, a subsidiary of Pacific Andes International Holdings Ltd., based in Hong Kong.
Esau noted that the development, the exploitation and addition of value to the Namibian fisheries resources are indeed vital when viewed in the context of the Namibian overall national development goals.
We can give a meaning to our fisheries by adding value through value adding of our materials, he noted, further assuring that his ministry is fully aware of the prevailing economic conditions and the challenges within the fishery sector, and that Government will continue to do their best to respond to the challenges in the most appropriate manner.
We will continue to evaluate and review our policies in order to remain abreast of global economic development that has an impact on our economy he assured.
APF board of directors member, General Raonga Andima explained that as proud Namibian investors, the company has decided to invest part of the Horse Mackerel fishing quota of the three quota holders in the establishment of the new factory.
In so doing, we have sacrificed short-term gain for long-term benefit. We humbly trust that our capital investments will not go unnoticed, he said.
Andima also assured that the new factory, once complete, would be in line with Government initiative to add value to local resources, as well as provide the much needed job opportunities to Namibians.
Construction will commence this year and is expected to be complete by the end of 2016.
Since it commenced operations in 2013, APF has created over 120 jobs for Namibians through its fishing and other ancillary operations.
Once the new factory is complete, according to Andima, the company will create approximately 500 jobs including sea-going personnel.