Somalia Fish and Seafood Trades Company
Our Vision:
Our
vision is to trade with foreign fishing
companies and Seafood partners exporter.
Our
mission is take initiative to build business , profitable and sustainable
fishing sector in the region, which we believe will be a strong asset to help fulfill
our vision.
The
rich fishing stock in The Gulf of Aden and Indian Ocean is a very valuable
resource for the Somali people and a cornerstone in the establishment of a
future peaceful and prosperous Somalia.
Somali
Fair Fishing aims to contribute to build a strong, profitable and pirate-safe
Somali fishing sector along with local foreign vessels and fisheries companies.
We
plan to show that fishing will present a more profitable, safe and legitimate
way of living for the Somali youth.
The
work of Somali Fish and Seafood Trade Company has three main principles and
areas of focus, however the results of our preliminary research in Puntland ) can
change and ad details within each area of focus:
Export of Somali fish
to the world markets
- at world market prices - through a highly flexible and effective method based
on existing freezing infrastructure in the Somali territories and/or by means
of a vessel with factory-, freezing and transport capacity. The fresh catch of
seafood is sold from costal fishermen at fair prices directly at the freezing
facilities, then processed, packed, and frozen in a disinfected environment by
local Somali labour. When an adequate amount of freezing containers are filled
with processed seafood, a ship sails to the nearest terminal port, from where
the freezing containers are shipped to Europe and Asia, where the high quality
seafood can be sold at world market prices. The generated funds are channelled
directly back into capacity building of fisheries in Somali territories.
Local
anchoring of the project through local ownership of the factory/freezing
vessels and/or other infrastructure in cooperation with local authorities and
business and by strengthening local fishing organizations. Safety and security
of factory, freezing and transportation facilities must be guaranteed by the
local government, and all equipment should as fast as possible be manned by
locals.
We
plan to start our venture in the coastal city of the following region of
Coastal area.
Bosasso,
Eyl,
Garacad,
Hafun,
Lasqorey
and other Coastal Region ,in Puntland Somalia
Somali
Fish and Seafood Trade Company Established in December, 2011 in Bosasso, Somalia Puntland Autonomous
region .
We aim to build a
commercial fishing sector in Somali waters to trade with Forein Fish and
Seafood Company.
Organization
Based
on an idea by our late co-founder Jakob Johannsen, Somali Fair Fishing is
driven by a mix of developmental experts, Somali diaspora representatives and
political strategists. We are supported by a wide-ranging network of experts
and practitioners from relevant sectors in Europe and in Africa. This
organisational setting secures a high degree of knowledge in developmental
issues, local and regional expertise and methods to anchor fast track
execution.
Board
The
Board consists of members with different insights into Somali Fish and Seafood
Trade Company are three main
organisational targets: 1) capacity building, 2) local anchoring and 3) waters
and fishery expertise.
Members
of the Board
Chairman:
Abdulle Mohamed
Vice
Chairman: Abdulkadir
Admin:
Shoombe
The
Somali coastline is 3,300 km long. The proportion attributable to the State of
Puntland is approximately 1,300 km 2 , extending from Gara’ad on the Indian
Ocean side to Laaso Surad on the Gulf of Aden, the waters of which constitute
the richest fish habitats in the region.
The
fish population in Puntland’s coastal waters varies in diversity and density.
It is known that the prevalent species are large pelagic varieties such as
yellow fin tuna, long-tail tuna, bonito, skipjack, and Spanish mackerel, while
the main commercial demersal fish are groupers, snappers, grout and sea beam.
Large populations of shark and ray are also registered. Commercial populations
of inshore spiny lobster, genus panulirus, and offshore types of Puerulus
Sewell and Puerulus Carinatus are found at depths of 150-400 metres. The
abundance of marine resources, characteristic of Puntland’s coastal zones by
virtue of its geographical location, has also exposed Puntland’s marine
resources to the risk of deterioration. These risks are attributable to factors
such as an existing marine transport network, over-harvesting carried out by
illegal foreign trawlers and increased fishing efforts of the local people of
Puntland.
There
are four main sources of revenue in Puntland today: Livestock, Fishery,
Agriculture and Remittance.
The
population mainly depends, either directly or indirectly, on livestock products
for their livelihood. Remittance from the Diaspora has also played a major role
in the economy.
Communication
is one area where the Puntland State has developed remarkably. After the civil
war to date, a number of companies using modern telephone, fax, email and
Internet systems are currently conducting profitable business. Radios for
broadcasting exist in the towns of Bossaso, Garowe and Galkacyo. A high
frequency radio information relay system is also in place in all towns and in a
number of villages.
In
1991 the World Bank coordinated a study intended to encourage private
investment in the petroleum potential of eight (8) African nations. Somalia and
The Sudan topped the list of potential new commercial oil producers.
Puntland
State of Somalia remains one of the very few areas in the world that has vast
untapped potential for the discovery of significant reserves of hydrocarbons
and world class mineral deposits.
The
current government of Puntland is focusing on encouraging foreign investors to
explore and exploit the vast untapped natural resources of Puntland.
