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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. Experiences of selected developing countries - Promotion de l'aquaculture commerciale durable en Afrique subsaharienne. Expériences de certains pays en développement 2001
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No results found.This paper presents reports of studies on commercial aquaculture which were commissioned in Côte d'Ivoire, Madagascar, Malawi, Mozambique, Zambia in Africa, and Costa Rica and Honduras by the FAO Fishery Development Planning Service. It also includes a summary which discusses the main points of each original report. For commercial aquaculture to develop in the region, major interventions priorities would be required in the area of: (1) Credit: adapted credit lines should be developed for aq uaculture. To achieve this, banks need to be convinced of the profitability of commercial aquaculture; (2) Enabling economic environment: changes in government policies are needed to help develop commercial fish farming, especially through tax incentives, import facilities and better permit handling; (3) Feed supplies: the technology for fish feed production based mainly on local products needs to be codified in practical form to provide for the development of a proper fish feed industry. -
Book (stand-alone)Policies and strategic plans in support of aquaculture development in sub-Saharan Africa
A tool for planning and resource mobilization
2024Also available in:
No results found.The policy research initiative aims to enhance the FAO capacity to support African Member Countries’ design and implementation of aquaculture policies aligned with the 2030 Agenda for Sustainable Development and the FAO Blue Transformation vision. This study examined existing aquaculture policies at the national, regional and continental levels. It aimed to identify priorities, and policy trends, and assess their coherence with the FAO Blue Transformation Roadmap. Examination of the aquaculture objectives of Blue Transformation, the African Union Policy Framework and Reform Strategy for Fisheries and Aquaculture in Africa (PFRS), and the Regional Economic Community aquaculture priorities showed broad similarities in the policy narrative and overarching dimensions. Specifically, the PFRS aims to jump-start market-led aquaculture; the East African Community’s (EAC) goal is to promote investment in sustainable commercial aquaculture and effective biosecurity measures; the Southern African Development Community (SADC) aims to increase the contribution of aquaculture to local, national and regional economic growth and trade; the Economic Community of West African States (ECOWAS) aims “to increase the profitability of environmentally and socially sound aquaculture to achieve continued sector growth”; and the Intergovernmental Authority on Development (IGAD) aims to enhance aquatic organism supplies, generate income and employment, and diversify livelihoods.
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