Economics and Opportunities - Securing Somali Fisheries

submitted by oefdev on 09/16/15 1

The current Somali domestic fishery is valued at $135 million, according to our report, Securing Somali Fisheries. This number could increase through careful development of fisheries on underexploited fish stocks, such as sardines. Somalia could earn up to $17 million in licensing revenue from the foreign tuna fleet that is currently fishing with impunity in Somali waters. Even greater profits could be attained in the future through investing in development of infrastructure such as roads, cold storage, more hygienic processing, and training. Improvements like these would greatly benefit the livelihood security of Somali fishers. Read the report: securefisheries.org/report/securing-somali-fisheries Report Authors Sarah M. Glaser Paige M. Roberts Robert H. Mazurek Kaija J. Hurlburt Liza Kane-Hartnett Graphics Timothy Schommer Andrea Jovanovic Videography Jean-Pierre Larroque Featured Shuraako Clients Al Fatxi Fishing Alla Amin Fishing Dur Dur Fishing Hodan Fishing Somali Fair Fishing Zakia Fishing Stock Photos Getty Images iStock Wikipedia: Robert K. Brigham Mass Communication Specialist 2nd Class Jason R. Zalasky Secure Fisheries is a Project of the One Earth Future Foundation

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