Business

State courts EU over fish farming development

TRYNESS MBALE, Lusaka
GOVERNMENT is in talks with the European Union (EU) to set up an additional fund to support development of aquaculture.
Minister of Agriculture and Livestock Given Lubinda said Government is working to exploit the potential in the capture and aquaculture fishing sub-sectors.
Mr Lubinda said about 20 million hectares in Zambia is covered by fresh water which is the most important resource for capture fishing and aquaculture.
“Recently, President Lungu announced that we have entered into an agreement with the Africa Development Bank…to promote aquaculture development. We also state that we are in serious discussions with the EU for them and us to set up an additional fund to support the development of aquaculture,” he said in Parliament last week.
He called on Zambians to venture into fish farming because there is untapped potential in the sub-sector.
“The fishing sub-sector has the potential to contribute to Zambia’s economic development. To boost the fish sector, Government has come up with various aquaculture projects,” he said.
Mr Lubinda also encouraged the public to apply for funds at the Citizens Economic Empowerment Commission to invest in fish farming.
The current national demand for fish is estimated at 120,000 tonnes per annum but only about 70,000 tonnes is supplied locally, leaving a deficit of 50,000 tonnes which is supplied through imports.

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