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World Fish Percentation

The document discusses the economic component of Somalia's fisheries. It provides an introduction to fishery economics and Somalia's coastal resources. Some key points include: 1) Somalia has over 3,300 km of coastline providing fishing grounds; 2) Main challenges are sustainable development and management of fishery resources; 3) Fish processing can encourage exports, provide employment, and increase export revenue through value addition. The fisheries sector faces issues like poor transportation limiting market expansion and high fish imports. Overall, fishery economics is central to management, and fishing provides important economic activity and food from the sea.

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44 views14 pages

World Fish Percentation

The document discusses the economic component of Somalia's fisheries. It provides an introduction to fishery economics and Somalia's coastal resources. Some key points include: 1) Somalia has over 3,300 km of coastline providing fishing grounds; 2) Main challenges are sustainable development and management of fishery resources; 3) Fish processing can encourage exports, provide employment, and increase export revenue through value addition. The fisheries sector faces issues like poor transportation limiting market expansion and high fish imports. Overall, fishery economics is central to management, and fishing provides important economic activity and food from the sea.

Uploaded by

amudey
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

Presentation: World fishing

Economic Component Concerning to Somalia Fisheries.

NAME: ABDULLAAHI IBRAAHIM MAXAMUD


DEPARTMENT: MARINE SCIENCE AND FISHERIES.
Date: 22-10-2022
CONTENTS

1.0. INTRODUCTION

2.0. Economic Development Somalia Fisheries.

3.0. Fish Value Economic Development.

4.0. Fish Market Development on Economic.

5.0. Conclusion
1.0. INTRODUCTION

• Fishery economics is a central component


to fishery management.
• Somalia has a total of 3,300 km of coastline:
2,000 km face the Indian Ocean.
• The continental shelf is narrow all over the
region, varying in width between 5 and 15km,
with exception of 135 km stretch in the North
East where the average width is 70 km.
2. Economic Development Somalia Fisheries
• The main challenges facing fisheries development in
Somalia have been in assessment of fishery resources
and their potential in terms of fish production,
development of sustainable technologies for fin and
shell fish culture, yield optimization, harvest and post-
harvest operations and landing and berthing facilities
for fishing vessels, augmenting export of marine
products, generating employment and improving
welfare of fishermen and their socio-economic status.
Cont.…….
• Somali waters are home to some of the richest
fishing grounds in Africa, with vast potential for
fisheries and coastal area development.
• The study will measure the dependent
variable using the contribution of fish exports
on the gross domestic product of Somalia as
the indicator.
3. Fish Value Economic Development

• The fish value economic development of


Mogadishu Somalia and made the following
discoveries; the study found out that respondents
agreed that Fish Processing encourages export as
shown by mean response of 3.85.
• The survey discovered that respondents agreed
that fish processing industries provide employment
opportunities to locals presented by mean
response of 3.95.
Cont……
• The study further found out that respondents agreed
that Fish processing industries lead to increased
export revenue due to value addition presented by
mean response of 3.60.

• Fish value addition through fish processing leads to


increased export of the processed fish due to
increased quality.
4.0. Fish Market Development on Economic.

• Fish market development on economic


development of Mogadishu, Somalia and made the
following findings; the study discovered that
respondents agreed that the Poor Transport
network limits fish market expansion in Somalia
evidenced by mean response value of 4.01.
• The survey also found out that respondents agreed
that High importation of fish limits domestic fish
market growth presented by mean response of 4.15.
Cont….

• According to the fishery sector of Somalia is the


highly perishable nature of the resource once it is
removed from its natural environment, fish is
similarly difficult and expensive to store over long
time.
• In many coastal areas of Somalia, quick
transportation/distribution, freezing or immediate
consumption of fresh fish is virtually impossible.
[Link]
• Fishery economics is a central component
to fishery management.
• The marine fisheries of Somalia have generally
held an important position in the Somali
economy.
• The world fisheries sector is rarely a strategic
sector for national economic development.
• Fishing is an important economic activity
which provides food from the sea.
Photo
References
Yahye Ismail Mohamed and Fridah Simba /
Elixir Fin. Mgmt. 99 (2016) 42944-42951

ABDIRAHMAN, A. A. (2022). Investigating the


Somali Coastal Fisheries.

Jama, A. D. (1996). The Origins and


Development of Mogadishu AD 1000 to 1850:
A Study of Urban Growth Along the Benadir
Coast of Southern Somalia.
THANK YOU

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