Investment opportunities in Animals and Fisheries Sector in Somalia

Investment opportunities in Animals and Fisheries Sector in Somalia

The following are investment opportunities in animals and Fisheries Sector

Investment opportunities in Animals sub sector

  • Extensive ranching
  • Tanning hides and skins
  • Animal feeds processing
  • Meet processing and value addition

Investment opportunities in Fisheries sub sector

  • Somaliland possesses rich fishing grounds along its northern coast, which could potentially support a developing fishing industry and contribute to the national food security and socio- economic wealth. The maximum potential catch that could be harvested from Somaliland’s marine resources is estimated to be between 90-120,000 MT a year, but currently less than 5 % of that quantity is harvested by nationals.
  • Rehabilitation of the existing fishing fleet;
  • Addition of more boats to the existing fleet;
  • Provision of sufficient fishing gear and accessories;
  • Improvement of fish handling and processing facilities and techniques;
  • Improvement of market outlets both internally and externally;
  • Promoting research activities and training of personnel;
  • Upgrading existing legal frameworks and formulating other relevant legislatives enhancing sectoral development.
  • Cold storage/refrigeration facilities