twitter RSS Feed linkedin acp contact

Mozambique gets US$6.2mn for aquaculture development

The Nordic Development Fund (NDF), a joint development finance institution of five Nordic countries, has approved a US$6.2mn grant for sustainable growth of aquaculture in Mozambique  

FishingMozambique's aquaculture industry provides a number of jobs for people in the country. (Image source: Rory Mizen/Flickr)

According to NDF, the grant will assist Mozambique to pilot and develop a sustainable aquaculture model to build social, economic and environmental coordination and disseminate best practices in the region through private sector involvement.

“The fund will be utilised to link small scale producers to large private operators through a community-based out-grower scheme. It is consistent with the country’s green economy roadmap,” stated NDF.

"Aquaculture is projected to increase substantially in Africa during the next decades. As a means to ensure sustainable growth in aquaculture, it is important to develop and pilot methods that are in line with an ecosystem-based approach, to integrate climate change adaptation and mitigation into the methods and maintain a gender focus,” said a spokesperson of NDF.

The development of aquaculture in Mozambique plays an important role in the socio-economic development of the country. It provides cheap protein, improve the population's diet, create jobs, generate income and promote regional development, added the spokesperson.


LATEST NEWS IN Aquaculture

African flag registries exploited by high-risk fishing operators: Report

African flag registries exploited by hig…

Ensuring that high-risk fishing operations and vessels are excluded from national flags is a critical step to securing the waters of Africa for the legitimate and sustainable enrichment of coastal...

Angola sees boost in aquaculture and agriculture output

Angola sees boost in aquaculture and agr…

The output in the agriculture and fishing (+12.9% y-o-y) sector in Angola continues to record blockbuster growth and has surpassed pre-pandemic levels, according to the National Statistics Institute’s (INE) latest...

Wanda Fish Technologies Ltd signs agreements to advance goals in cultivated fish

Wanda Fish Technologies Ltd signs agreem…

Israel- FoodTech start-up Wanda Fish Technologies Ltd has signed two agreements with Tufts University to advance the company’s goals in the emerging field of cultivated fish

Ghana imports US$200mn fish annually

Ghana imports US$200mn fish annually

Illegal fishing is having a negative impact on Ghana's fish stock and economy, and the country is spending around US$200mn annually to import fish to meed the demand

US$7mn boost to steer growth in aquaculture across Africa

US$7mn boost to steer growth in aquacult…

Lake Harvest Group, an integrated aquaculture company from Africa, will receive a US$7mn investment from Aqua-Spark and Norfund, to contribute towards the growth of the company’s operations in Zimbabwe, Zambia...

Norway commits US$5mn to help small-scale aquaculture farmers in East Africa

Norway commits US$5mn to help small-scal…

The Norwegian Agency for Development Cooperation (NORAD) will provide US$5mn to increase the incomes and build resilience of small aquaculture farmers in Kenya, Mozambique and Tanzania

Prev Next

OTHER RELATED ARTICLES - Aquaculture

Norway launches sustainable fisheries project in Sudan

Norway launches sustainable fisheries pr…

Norway and UN Industrial Development Organisation (UNIDO) have launched a US$5.08mn project for sustainable management of marine fisheries in Sudan’s Red Sea

Climate Fund Managers, Eos Capital to develop large-scale kelp farm in Namibia

Climate Fund Managers, Eos Capital to de…

Climate Fund Managers (CFM) and Eos Capital have announced a partnership between Climate Investor Two (managed by Climate Fund Managers), Kelp Blue and the Namibia Infrastructure Development and Investment Fund...

Illegal fishing threatens livelihoods in West Africa

Illegal fishing threatens livelihoods in…

Overfishing by foreign vessels is driving many species towards extinction and destroying the livelihoods of fishing communities in countries such as Ghana, Liberia and Mauritania, said the London-based Overseas Development...

‘Fish stocks in Ghana's marine waters face imminent threat of depletion’

‘Fish stocks in Ghana's marine waters fa…

Fish stock assessment of Ghana's marine waters and declining catches of small pelagic fish indicate an imminent threat of stock depletion, according to the US Agency for International Development (USAID)...

Norway commits US$5mn to help small-scale aquaculture farmers in East Africa

Norway commits US$5mn to help small-scal…

The Norwegian Agency for Development Cooperation (NORAD) will provide US$5mn to increase the incomes and build resilience of small aquaculture farmers in Kenya, Mozambique and Tanzania

New EU- Morocco fisheries partnership including Western Sahara

New EU- Morocco fisheries partnership in…

Members of the European Parliament (MEPs) have adopted new fisheries partnership with Morocco including Western Sahara, which aims to sets fishing opportunities for EU vessels and promote sustainable fishing policy...

Eritrea receives US$15mn IFAD grant

Eritrea receives US$15mn IFAD grant

Eritrea has been issued a US$15mn grant by The International Fund for Agricultural Development (IFAD) to boost fisheries sector and nutrition to be distributed

Sonac to launch protein alternative for fish meal at VIV Europe 2014

Sonac to launch protein alternative for …

Supplier of animal-based proteins, fats and minerals, Sonac, has announced it will launch natural protein sources for aqua feed at VIV Europe 2014

South Africa to set up aqua-farming facility

South Africa to set up aqua-farming faci…

The Coega Development Corporation (CDC) has set-up plans to construct an aqua-farming facility on 300ha of land at the Coega Industrila development zone outside Port Elizabeth in the Eastern Cape

Fish farming sector expected to record highest demand in nanobubble generator market

Fish farming sector expected to record h…

A research study by Fact.MR showed that the nanobubble generator market will see a CAGR of more than 5% during 2021-2031 and fish farming industries are expected to account the...

New catfish feed launched in Lagos

New catfish feed launched in Lagos

Livestock Feeds has launched Aquamax catfish feed to help boost the aquaculture resources in Lagos, Nigeria

Fishing along Somalia’s coast easier, more sustainable

Fishing along Somalia’s coast easier, mo…

The UN’s Food and Agriculture Organization (FAO) and European Union (EU) have given a boost to sustainable fishing in Somalia

Prev Next