- In May, Tanzania took a bold but risky step by banning fishing on Lake Tanganyika for three months.
- In the Lake Victoria fishing zone, a new challenge, the smuggling of fish maws, is denying the government revenues.
- Statistics show that Tanzania is also experiencing reduced volumes of Nile Perch caught in Lake Victoria.
Tanzania’s water bodies alone hold plenty of economic activity potential, including the opportunity to harness the country’s billion-dollar fishing industry.
Records from the Ministry of Livestock and Fisheries show that the industry employs nearly 200,000 people directly. Another 4.5 million individuals benefit from the fishing industry’s value chain in Tanzania.
Tanzania’s fishing industry share of GDP
Tanzania’s fisheries contributed 1.8 per cent to the GDP last year and expanded by at least 2.5 per cent. The sector, despite displaying plenty of potential for creating jobs and powering the economy is facing a myriad of challenges. From Tanzania’s …
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