$29 Million for Aquaculture Development
The Ministry of Fisheries and Livestock has set aside US$29 million for the implementation of the Aquaculture Seed Fund under the Zambia Aquaculture Enterprise Development Project (ZAEDP).
Fisheries and Livestock Permanent Secretary, David Shamulenge said the Project development objective is to advance the aquaculture subsector as a viable and inclusive business opportunity through enhanced production and productivity of fish to improve the livelihoods of beneficiaries in the fish value chain.
This is expected to contribute to the country’s economic growth as well as provide food and nutrition security in Zambia.
He said the Aquaculture Seed Fund will be administered by the Citizens Economic Empowerment Commission (CEEC) and would benefit more than 3, 000 entrepreneurs along the fish value chain in all the ten provinces of Zambia.
He said, “We have set aside US$29 million for the Project to go towards funding five aqua parks across the country. Part of the funds will go to the youth (most of whom have been trained), medium scale and large scale entrepreneurs”.
He added that 95 per cent of the Project funding will empower Zambians as they are the only people who can develop the country.
The Government received financing from the African Development Bank (AfDB) towards the implementation of the ZAEDP which is running for five years, from 2017 to 2022.
Dr. Shamulenge also disclosed that the Ministry had already appointed a Task Force that would, among other things, assess and recommend a strategy to Government on how to increase the production of fingerlings in Zambia to 44million tonnes by 2019.
Dr. Shamulenge said this during a media briefing in Lusaka.