Business

Lake Tanganyika in $22.62m AfDB funding

ESTHER MSETEKA, Lusaka
THE Africa Development Bank (AfDB) has approved a US$22.62 million loan and a US$7 million grant facility from the Global Environment Facility to promote sustainable management of Lake Tanganyika’s natural resources.
The fund will support economic infrastructure and value chain development for natural resources products for smallholder farmers within Mpulungu and Nsama districts in the Northern Province.
AfDB senior agriculture officer in Zambia Lewis Bangwe said besides addressing the weakening socio-economic conditions and land degradation in the area, the project will provide specific interventions in the aquaculture industry.
When he appeared before the parliamentary committee on agriculture chaired by Solwezi East Member of Parliament Villie Lombanya last Thursday Mr Bangwe said the bank will help small-scale entrepreneurs set up hatcheries, nurseries, feed mills and cold rooms to support the fish value chain.
“Lake Tanganyika project will develop a viable and sustainable aquaculture programme for smallholder fish farmers towards contributing to a diversification of livelihoods and increased income generation capacity as well as improved employment opportunities.
“The project will support training and upgrading of skills for field staff, strengthening of producer associations, build the technical skills of producers to fabricate and manage fish cages, improve the business management and record keeping skills and lay out demonstrating cage farms. Fish farming will be demonstrated at three pilot cluster sites at Siatwinda and Chipepo on Lake Kariba [in Southern Province] and Lake Lusiwasi [in Central Province],” he said.
Mr Bangwe said linkages with the private sector will enhance the supply of fingerlings, feed and help provide market for fish products.
He also said the project will improve the monitoring and surveillance activities on natural capture fisheries.

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