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Book (series)Promotion of sustainable commercial aquaculture in sub-Saharan Africa. Volume 2: Investment and economic feasibility 2002
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This volume of the report on the promotion of sustainable commercial aquaculture in sub-Saharan Africa discusses the difficult access to investment capital, one of the major obstacles to the development of sustainable commercial aquaculture in the region. The problem arises from a lack of collateral, excessively high interest rates on loans, bankers' perceptions that aquaculture carries a particularly high risk of failure, a lack of knowledge, by farmers, of the modalities of applying for loans and a lack or limited information, on the part of lenders, of commercially successful aquaculture enterprises in the region. While some of the lenders' perceptions are valid, particularly in instances where the industry is not yet established and difficulties could occur as a result of local unavailability of necessary inputs, the market is untested and there are no examples of commercial success that could offer an indication of viability, preliminary evidence seems to indicate that banks tend to exaggerate the likelihood of failure of commercial aquaculture projects in sub-Saharan Africa. Borrowers need to be able to formulate and present their business proposals in a precise and concise manner that effectively offers the lender a comprehensive picture of the proposed business, communicates how they expect to profit from the proposed enterprises and generate the funds for the repayment of the loans sought. The problem of collateral could be tackled through the use of “no-collateral” strategies such as group lending, village banks and solidarity groups, alternative collaterals such as titled land and moveable property, which in many cases bespeaks the need for legal and regulatory reforms and through government loan guarantees. When affordable, government loan guarantees and subsidized interest rates could also be used to lessen the problem of high interest rates. -
Book (series)Promotion of sustainable commercial aquaculture in sub-Saharan Africa. Volume 1. Policy framework. 2001
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No results found.This document examines policies that encourage sustainable commercial aquaculture in developing countries, especially in sub-Saharan Africa. Commercial aquaculture, the rearing of aquatic organisms with the goal of maximizing profit, can contribute to food security and alleviation of hunger, directly by producing food fish and indirectly by generating income for the purchase of food, government revenues, improving a country's balance of trade as an export or as an import substitute, stimulating technological advances, bolstering the development of isolated regions and since it depends on private rather than public funds and is likely to use resources adequately, it is sustainable. However, some forms of commercial aquaculture can cause environmental damage and social conflicts. Stabilisation or decline of the capture fisheries, growing shortage of fish for domestic markets, export opportunities, suitable land and water and cheap labour offer prospects for commercial aquaculture in sub- Saharan Africa. Limited access to credit, shortages and high cost of feed, lack of good quality seed, and a low flow of capital investment hamper its development. Good governance, openness to trade, macroeconomic growth policies, emphasis on private investment as a source of wealth, land security, tax exemptions and holidays, loan guarantees, debt-equity swaps, promotion of large farms, producer associations, strategic planning and transparent regulatory procedures can stimulate the development of the sector. -
No Thumbnail AvailableBook (series)Aquaculture development and research in Sub-Saharan Africa. Synthesis of national reviews and indicative action plan for research 1994
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No results found.This document is based on twelve national reports of the most important aquaculture countries in Africa South of the Sahara. It analyses the present situation of aquaculture development in terms of: its historical development, public sector involvement, support activities for development of the subsector and planning experiences, and briefly reviews the external assistance received for development projects. The research subsector is then analysed to verify the correspondence between its structur e, programmes and plans and the identified needs for aquaculture development. Through a logical process for priority-ranking and for correspondence with the development objectives an indicative action plan emerges, including nine regional programmes which would assist in fostering aquaculture development in the short and medium terms through support to research. These research programmes, involving centres of the five agro-ecological regions of Africa South of the Sahara working as activity netw orks, include a project for aquaculture information centres in support of all other eight proposals. Other programmes include socio-economics, aquaculture production indicators, pond fertilization and feeding strategies, fish broodstock improvement and management, small water bodies fisheries enhancement, aquaculture in irrigation schemes, indigenous fish culture and marine aquaculture.
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