Somalia targets fisheries investment to boost production
The nation produces 30,000 tonnes of fish annually, only 5% of its potential capacity.
Somalia is seeking investment to develop its fishing industry, which currently produces 30,000 tonnes of fish annually. This output represents just 5% of the nation's estimated marine fisheries production capacity of 600,000 tonnes. The gap between current and potential production is approximately 570,000 tonnes each year.
Abdi Dirshe, Director General of the Ministry of Fisheries and Blue Economy, stated that developing the sector could create over 210,000 jobs and generate between US$1.8 billion and US$3 billion in annual revenue. However, challenges like limited vessels, inadequate equipment, and security issues constrain the industry despite Somalia's 3,333-kilometre coastline.
The government's National Transformation Plan 2025–2029 prioritises private sector involvement and public-private partnerships to grow fisheries. Export markets in the United States, China, the Middle East, and East Africa are targeted, but require improvements in product quality and safety standards.
Why it mattersSomalia's underdeveloped fishing industry has the potential to create over 210,000 jobs and generate billions in revenue.