Aquaculture for all

Modernising Gabons Fisheries Sector

Economics Education & academia +2 more

GABON - The African Development Bank Group (AfDB) has recently handed CFAF13 billion ( worth of equipment to Gabons fisheries and aquaculture directorate aimed at modernizing the sector.

The package is the first tranche of equipment estimated at CFAF 13 billion (US$ 25m) that the AfDB has to offer to the directorate of fisheries and aquaculture as part of the AfDB’s support project to the fisheries and aquaculture sector (PSPA).

The materials were handed over by the GAFO resident representative, Boubacar S. Traore. The next delivery is expected to take place in December 2010, and will comprise 15 vehicles, 32 all-terrain motorbikes, nine speed boats, laboratory equipment and office furniture. PSPA’s implementation has been scheduled for December 31, 2011.

This implies that the high implementation rate will reach 40 per cent at the end of 2010 as against an average 25 per cent, to date.

The project’s implementation is expected to enable the fisheries and aquaculture sector to contribute over four per cent to the GDP as against the current 1.5 per cent.

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