|Approval Date||20 Oct 2021|
|Signature Date||14 Dec 2021|
|Planned Completion Date||31 Dec 2025|
|Sovereign / Non-Sovereign||Sovereign|
|Sector||Agriculture and Rural Development|
|DAC Sector Code||31320|
The Program for Improving Fisheries Governance and Blue Economy Trade Corridors (PROFISHBLUE) covers sixteen countries in the Southern African Development Community (SADC). SADC boasts of thriving fishing enterprises with interconnected trade corridors that spans the Atlantic and Indian Oceans for centuries. Currently, the 16 member countries of SADC region boast of two large marine ecosystems (LMEs) that are abound with rich transboundary fisheries resources comprising of multiple marine commercial species of tuna, hake, squids, octopus, horse mackerel, abalone, shrimps, prawns, and lobsters. The interior land-locked regions are also home to several transboundary rivers and lakes. Despite the resource abundance owning to a large diverse species and raw material supply, the total production is very low below 3 million tonnes, which is 2% of global production. The interventions comprise of conservation planning in the natural ecosystems, fishing and harvesting strategies (from fish farms, lakes, rivers and oceans), to provision of inputs and services, processing and marketing infrastructure, as well as the provision of regional conformity assessment and standardization programs. This will promote competitiveness in the retail and wholesale fish trade as well as facilitate cross-border trade providing an estimated 250,000 direct and indirect jobs. Moreover, the project will support institutional capacity building for climate resilience through information service provisioning, climate buffers and ecosystem service synergies, and resource mobilization towards adaptation and mitigation. The project will be implemented over a 4-year period (2022-2025) with an estimated cost of UA 8.09 million.
The project aims to promote sustainable management of fisheries resources within the blue economy context in order to improve food and nutritional security, create employment through value chain activities, facilitate intra-regional trade, and build adaptive capacity.
The direct beneficiaries of this operation are regional and national public entities and institutions in their overall administration as well as value chain actors (fishers, fish farmers, processors, retailers, wholesalers, transporters, consumers, etc.). Training programs will be provided to value chain actors at multiple fronts along the fish chain, especially women and youth SMEs.
African Development Fund
SADC - SOUTHERN AFRICA DEVELOPMENT COMMUNITY
|Last Update||29 Nov 2022|
|Name||KHAN Ahmed Sheik|
|-6 29.5||Lake Tanganyika|