Close Menu
Abdiaziiz Ahmed Ali

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Macroeconomic Factors Affecting External Debt in Somalia

    March 25, 2024

    Mastering Your Personal Finances: 11 Proven Strategies for Building Wealth

    February 8, 2024

    Why Digital Banking is the Future: A Deep Dive into Finance’s Evolution

    October 10, 2023
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) YouTube WhatsApp Telegram
    Abdiaziiz Ahmed AliAbdiaziiz Ahmed Ali
    • Home
    • Finance
    • Economics
    • News
    • Storytelling
    • Education
    Youtube
    Abdiaziiz Ahmed Ali
    Home » Business Opportunities of Fishing Sector in Somalia.
    Economics

    Business Opportunities of Fishing Sector in Somalia.

    Abdiaziz Ahmed AliBy Abdiaziz Ahmed AliDecember 15, 2022No Comments4 Mins Read
    Share Facebook Twitter WhatsApp Telegram Email LinkedIn
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Fishing is one of the man’s oldest activities and has been practiced from the earliest ages. The word of fishing means activity of catching fish, while some people they use as sports. According to FAO report (2014) “Fish accounts for almost 17% of the global population’s intake of proteins”. Somalia has one of the longest coastlines in Africa combined from Red sea and Indian Ocean.

    Fishing is one of the factors of production that the economy of the country can depends, but traditionally the Somali society’s lack of awareness with their fish caused to decrease the production level of the fish. So in this article, we will present the opportunities of the fishing sector, the situation of Somali fishing companies their equipment and challenges. We mentioned in the above, Somalia has the longest cost line in Africa. It has coastal waters which border both the Indian Ocean and Gulf of Aden which goods for biological productive due to the good climate that enables to live more organisms. According to researchers, the fish migration that takes place in Atlantic and Pacific regions meet at the tip corner of Somalia and that attracts fishing companies, but the fishing sector is undeveloped with an average annual GDP is 1%. So there are huge opportunities in fishing sector that can lead to the economy of the country’s growth and standard living of the society rises. This is appropriate ways that we can manage the resources of this sector, through: Fostering sustainable investment either lacally or international,

    Getting Somali professional marine and fisheries to provide the young generation for basic fishing skills,  Well trained and qualified employees that have physical and mental abilities to produce more Product,  Proper equipment, either small scale or large scale, Obtaining source of information about fishing sector or other resources of the see for the fishers, investors and customers. Somalia has a few growing companies that work on fishing activities for the business purpose and they are not being able to export the fish.

    Moreover, fish productions are limited to the coastal areas due to the poor transportation and they can’t delivery their products far places. Although, we have number of natural resources, which are good for fishing, but fewer companies and these industries, are trying to cover the demand of the society. The ministry of fisheries must give concentration, and provide assistant to the fishers in order to increase their product and create new enterprises that fosters the competition of this sector to improve the quality of the fish. During the civil war and the collapse of the state, infrastructures of the country were destroyed, including the fishing equipment that results limited access to fish for large portion of population. Somali fishers presently they uses small scale like safety equipment such as sunglasses, protect hat, and they wear appropriate cloths. The ocean and rivers in the country are good for biological production due to the good climate which enables more organisms to live, but there are more circumstances which is restricting to the level of fishing and the amount of the fish per given day. However, the below parts are the most challenges of fishing sector:

    1) Low level of technology: the equipment’s under the disposal of the fishermen are few.

    2) White shirt jobs: most youth they prefer working in office jobs instead of working fishing sector.

    3) Lack of sustainable investment: the youth they have disappointment they do not have reliable investment if they try to develop the fishing. Also, they need to buy sophisticated boats, nets, motors, and GPS and all this equipment needs micro finance scheme. Lack of ready market: the poor transportation of Somalia reduces the possibility of getting fish for the population far away from where the fish caught. The fish is perishable foods and the local markets do not have refrigerators that keep the meat to be fresh. With regard to the downfall of our country made the fishing sector to be forgotten, but the emerging companies seem to have brought this sector to life. With more investment and organizational support may improve our techniques in fishing, which may lead to economic growth and stability. In conclusion it is important to motivate, and increase skills of our youth and other parts of the society to take part the development of this sector.

    Share. Facebook Twitter WhatsApp Telegram Email
    Previous ArticleSheeko faneed: Waxbarasho Haween, waa lagu Badhaadha.
    Next Article Does Private Education Serves Public interest.
    Avatar
    Abdiaziz Ahmed Ali
    • Website
    • Facebook
    • X (Twitter)
    • Pinterest
    • Instagram
    • LinkedIn

    Related Posts

    Economics

    Informing Policy: Somalia’s Poverty Report as a Progress Catalyst

    September 12, 2023
    Economics

    “Top 5 Online Business Ideas for Entrepreneurs in 2023”

    August 26, 2023
    Economics

    What are digital currencies?

    August 21, 2023
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Unleashing Somalia’s Economic Potential: Analyzing the 2022 GDP Report and Strategies for Transformational Growth

    July 6, 2023140 Views

    “Top 5 Online Business Ideas for Entrepreneurs in 2023”

    August 26, 202391 Views

    Does Private Education Serves Public interest.

    December 19, 202275 Views
    Stay In Touch
    • Facebook
    • YouTube
    • Telegram
    • WhatsApp
    • TikTok
    • Twitter
    • Instagram
    Latest Reviews

    Subscribe to Updates

    Get the latest tech news from FooBar about tech, design and biz.

    Most Popular

    Unleashing Somalia’s Economic Potential: Analyzing the 2022 GDP Report and Strategies for Transformational Growth

    July 6, 2023140 Views

    “Top 5 Online Business Ideas for Entrepreneurs in 2023”

    August 26, 202391 Views

    Does Private Education Serves Public interest.

    December 19, 202275 Views
    Our Picks

    Macroeconomic Factors Affecting External Debt in Somalia

    March 25, 2024

    Mastering Your Personal Finances: 11 Proven Strategies for Building Wealth

    February 8, 2024

    Why Digital Banking is the Future: A Deep Dive into Finance’s Evolution

    October 10, 2023

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Facebook YouTube X (Twitter) TikTok WhatsApp
    • Home
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Abdiaziiz Ahmed. Designed by Caafi Graphics.

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok