Despite receiving a financial injection of N$38 million during 2014, the aquaculture sector is not performing well and remains a great concern.
The Minister of Fisheries and Marine Resources Bernard Esau says that despite the huge financial injection, the sector performed below average, with a mere 740 metric tons produced last year.
“Aquaculture is a headache. I don’t know why we are not getting it right. What is the magic formula for us to get the desired results?” Esau asked the fishing sector on Friday during his annual address at Walvis Bay.
The minister went on to say that the millions invested last year resulted in significant expansion of aquaculture infrastructure and operations.
“Despite the fact that only 740 metric tons were produced, the aquaculture master plan indicates that this sector must contribute at least 10 000 metric tons within the next five years.
(1 Namibian Dollar = 0.083 US Dollars)
[Source: New era. Read article]
