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Kenya announces USD 98 million in new financing for fisheries sector

Kenya announces USD 98 million in new financing for fisheries sector
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Kenya has announced KES 10.7 billion (USD 98 million, EUR 83 million) in new financing to revamp the country’s fish production levels and improve seafood exports over the next year.
Treasury Cabinet Secretry Ukur Yatani has indicated in his 2021/2022 Budget Statement that the projects targeted in the new funding allocation include the Aquaculture Business Development and the Kenya Fisheries and Socio-Economic Development projects, which are being co-financed by the International Fund for Agricultural Development (IFAD) and International Development Association (IDA), respectively.
Yatani said the 2021/2022 fisheries sector allocation targets at least eight different fisheries projects the government considers critical in scaling up exports and raising incomes of fishing communities. ....

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Mombasa fishing industry chokes under the foul stench of neglect

THE STANDARD
FINANCIAL STANDARD
Fisherman, Khamis Kubo prepares his catch at the fish market in Mombasa Old Town. The fish business has been affected by the Covid-19 Pandemic. April 30, 2021. [Omondi Onyango, Standard]
One of Kenya’s oldest fish auction centres at Mombasa’s Old Town is on the verge of closing down due to increased imports, low catch and effects of Covid-19.
A spot check by
Financial Standard shows most fishermen are not able to venture into deep sea fishing due to lack of modern gear, while fish stocks near the shores have drastically dropped due to overfishing.
According to the 2018 Stock Assessment Report by the Kenya Fisheries and Maritime Institute (KMFRI), most commercial species are on the decline in Kenyan waters at the Coast. ....

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Mombasa fishing industry chokes under the foul stench of neglect

Mombasa fishing industry chokes under the foul stench of neglect
standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.

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