The Food and Agriculture Organization (FAO) has increased support for the aquaculture sector in Gabon. It plans to focus on increasing the number of youth involved in fish farming across the Atlantic coast of central African country.
The FAO will be working in collaboration with the Gabonese government to offer workshops on aquaculture investments, decision-making, and business planning ...
Photo courtesy of Gabon
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Cape Town, South Africa-based fishing company and frozen-food manufacturer Irvin and Johnson (I&J), an affiliate of AVI Group, has announced a 5.1 percent drop in overall revenue from its global operations to ZAR 2.47 billion (USD 142.5 million, EUR 141.8 million) for the year ending 30 June, 2022.
The drop comes on the back of lower fishing profits triggered by a strong South African rand affecting export sales, and lower sales
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Cape Town, South Africa-based Sea Harvest Group Limited head of marketing Jared Patel was recently named the Mondelēz 2022 Rising Star of the Year Award at the 2022 Marketing Achievement Awards. In an interview with SeafoodSource, Patel reviewed the emerging seafood marketing trends for products in South Africa.
SeafoodSource: What contribution is marketing marking towards growth in sales of fish products in South Africa? What are some of the
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Cape Town, South Africa-based Sea Harvest Group posted a 29 percent increase in its overall revenue, but a drop in earnings, according to the company’s interim financial results for the six months ending 30 June, 2022.
Sea Harvest’s South African operations were challenged by a 10 percent decline in available hake volumes and significantly higher fuel prices. The company’s total revenue for the period increased to ZAR
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Djibouti-based Intergovernmental Authority on Development (IGAD), an eight-country trade bloc in Africa comprising of governments from the Horn of Africa, Nile Valley, and the African Great Lakes, is stepping up efforts to synchronize Africa's sustainable fishing activities to achieve a 3 million metric tons (MT) of production per year, up from the current 1 million MT.
Representatives from seven of the eight IGAD members met in Addis
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Online seafood market company Seafood Souq, in partnership with the International Pole and Line Foundation (IPNLF), has launched a pilot project to promote Oman’s fisheries as a new source of sashimi-grade yellowfin tuna in the global market.
The project involves giving Omani fishers engaged in the country’s one-by-one handline operations the skills needed to produce higher-quality, grade-A sashimi tuna. Seafood Souq, which
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Iran, which boasts one of the fastest-growing aquaculture sectors in the Middle East, has suffered huge losses after recent floods destroyed several fish farms and related infrastructure – wiping out an estimated 7,800 metric tons (MT) of unharvested fish.
Iran was hit by heavy rainfall in the second half of July, causing rivers to overflow and causing floods that led to casualties and significant infrastructural
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Dammam, Saudi Arabia-based Saudi Fisheries Co. (SFC) has announced that despite a significant increase in sales revenue, the company posted net losses for H1 2022.
SFC’s interim financial results filing to the Saudi Stock Exchange on 22 August, 2022 indicates the company posted sales of SAR 29.3 million (USD 7.81 million, EUR 7.84 million) up 34 percent from the SAR 21.8 million (USD 5.81 million EUR 5.83 million) for a similar
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Oman Aquaculture Company, a part of Muscat, Oman-based Muscat Overseas Group and South Africa-based abalone farming company Abagold Ltd., has commenced operations of an OMR 10 million (USD 25.9 million, EUR 25.5 million) abalone project in Oman …
Photo courtesy of Yousif
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Riyadh, Saudi Arabia-based Saudi Fisheries Company (SFC) has signed an agreement to obtain financing from two institutions totaling SAR 76 million (USD 20.2 million, EUR 19.9 million) to finance its operations.
The company, which engages in fishing, fish-farming, and marketing activities, announced a deal with Al Rajhi Bank for a loan of SAR 40 million (USD 10.7 million, EUR 10.5 million) to finance the seafood company’s operations.
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