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Development of a Sustainable Deep-Sea Fishing Industry in Zanzibar

Total Investment: USD 92 Million

The project aims to establish a modern deep-sea fishing industry in Zanzibar by leveraging its strategic location within the Western Indian Ocean tuna corridor. It will develop offshore fishing capacity and supporting infrastructure to unlock high-value marine resources currently underutilised by domestic operators.

Key Components

• Acquisition of modern deep-sea fishing vessels with offshore capability
• Development of fish landing sites and industrial fisheries infrastructure
• Installation of cold storage, ice plants, and processing facilities
• Deployment of navigation, safety, and communication systems
• Establishment of logistics, maintenance, and fuel support systems
• Joint Venture structure with government participation

Investor Value

• Access to a high-value global seafood market, particularly tuna exports
• Opportunity to capture value currently taken by foreign industrial fleets
• Strong government support under the blue economy agenda
• Scalable industry with export-oriented revenue streams
• Integration across the value chain (harvesting, processing, and distribution)

Impact

• Increase offshore fish production by 30–50%
• Reduction of post-harvest losses to below 10%
• Creation of 500–700 direct jobs and over 1,000 indirect jobs
• Growth in export earnings and government revenues
• Strengthened sustainable fisheries management and data systems

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