Fisheries exports increased by 42.6 per cent in 2015/16

04 Apr 2016 15:50pm
WINDHOEK, 04 APR (NAMPA) – The export value of Namibia’s fish and fishery products increased by 42,6 per cent - from N.dollars 7 billion in the 2014/15 financial year to N.dollars 10 billion in 2015/16.
This means there were improved catches with regard to sizes, favourable exchange rates, increased value addition, and better prices in some markets, according to the Minister of Fisheries and Marine Resources, Bernhard Esau.
Esau presented his ministry’s N.dollars 295 040 000 allocation of the National Budget for the 2016/17 financial year in the National Assembly (NA) on Friday.
He said the fishing industry also remained the second-largest earner of foreign currency after mining, although the contribution to the gross domestic product (GDP) saw a slight decrease of 0,5 per cent.
Esau however noted the total allowable catch (TAC) for the 2015/16 financial year decreased - from 605 450 metric tonnes in the 2014/15 financial year to 528 696 metric tonnes, while several local investments were made.
“Several investments were made in the fishing industry during 2015. The total investment in the fishing industry recorded about N.dollars 174 million.”
The fisheries minister said these investments included acquiring shares in vessels, construction of processing plants, purchasing freezer containers, and establishing fish shops to help improve the accessibility of fish products to all Namibians.
“Government continues to encourage value addition in the fishing sector especially in horse mackerel to maximise the value of our fish and fishery products in the market and create new employment.”
The Ministry of Fisheries and Marine Resources has identified some programmes to which its portion of the N.dollars 61 billion National Budget will be allocated:

Survey and stock assessment – N.dollars 60 693 000
Human resources development – N.dollars 1 195 000
Marine and inland monitoring, control surveillance – N.dollars 109 482 000
Promotion of marine and inland aquaculture – N.dollars 38 902 000
Coordination and support services – N.dollars 69 866 000
Policy economic advice – N.dollars 14 577 530
Non tax and revenue administration – N.dollars 1 000 000