Puntland Fishing Industry News

They have been dumping toxic waste in our waters for a long time, not sure if we should be consuming this fish tbh.
 

Farm

VIP
(ERGO) – After years of struggle and taking on menial jobs for survival, Asho Abdikarin Hersi is now the owner of a thriving fish and seafood company in the northeastern coastal town of Eyl.

Asha, who grew up in a pastoralist family in the rural area, moved to Eyl in 1999 to support the livelihood of the family back home.

Her struggles, she believes, moulded her and prepared her for the bold step of venturing into fishing.

Since then, despite the collapse of her marriage as a result of immense challenges and hardship, she has become a business success, an employer, and a role model for other women.

“I used to sell tea and bread at the coast, and when the fishermen had no money they used to give me lobster in exchange for food and I would then sell the fish,” she said, describing the menial jobs she endured on her way into the business.

Asha owns and runs Libin fishing company, which she set up with a small investment in 2006

“I got the money from selling 12kg of frozen lobster! At first, I ventured into a small business, before I started dealing in lobsters on a bigger scale,” said the mother of three.

Fishing is a male-dominated industry in the region and many people doubted that Asho could make it.

“When I began this business, people used to say that I do not have the capacity to cope with this trade, but I managed and over came all the challenges,” she told Radio Ergo’s local reporter.

She owns fishing boats, employing the crews to operate the boats, and brings in a catch of around 100 kg of lobster and fish in a day. Most of the seafood is sold to various customers in Garowe and other districts of Puntland. Excess fish is frozen for sale later.

Some of the lobster is on the menu at the hotel Asho owns – the largest hotel in Eyl, run by a women-only workforce. The hotel serves local tourists from other parts of Puntland and Somalis visiting from the diaspora.

Asho pays school fees for her own children as well as five relatives.

“I am the sole breadwinner; I pay for the monthly food needs of my family and that of my parents together with school fees for eight children,” she said proudly.

Asho is one of just six women who have their own fishing companies in Puntland and are making their mark.

Maryan Ahmed Aw-Muse, 48, has been trading in lobster since 2013.

Maryan has her own fishing boat and is also an employer.

She is concerned about the risks involved in the business.

“Relying on fishing is risky but we have no alternative, sometimes boats are attacked by foreign trawlers and ships leading to loss of lives and injuries,” she said.

“I remember there was a time I bought a thousand dollar net meant for catching sharks but it was destroyed by foreign fishing vessels.”

Maryan is skilled in fishing herself and joins two fishermen she hires out at sea.

“We have to supply our market, so it needs sacrifice and it is also risky. So sometimes I like to be the one to experience the risks at first hand,” she said.

Women like Asho and Maryan have won the admiration of everyone in the business because they live life no matter what it takes.

The chairman of Eyl fishermen’s association, Mohamed Saed Waberi, said the women had acquired good skills through training in fishing and safety at sea offered in the district.

“These women are the backbones of their families,” Mohamed said admiringly.

https://radioergo.org/2019/05/02/sw...into-male-dominated-fishing-business/?lang=en

Very inspiring story.
 

If my maths is correct 7 companies times 3 months of revenue is 21 months. 2 million divided by 21 is roughly a 100,000.

These companies have a monthly revenue of $100,000. If 20% of that revenue is net profit then owners make around quarter of a million dollars yearly net profit.


Very good hustle.
 

DR OSMAN

AF NAAREED
VIP
Looking good for the rural economy. They need more then one or two suppliers due to long coast-line of PL. They need to update their technology so they don't waste time out in the sea. It's all about time/effort. What do you produce in 8 hours a day? what is the product worth? and they look at the population of your people to work out your PER CAPITA production levels. From this data they can gouge what each person in your country is worth.

It's all about GDP, you want more people buying properties, buying products and services. This starts with having a job. 70 full time employees if they are taught how to save their money can begin buying properties this will create trickle down to the trader community who will import more products and goods to service this new working population. Traders are dead without a customer and customers are not possible if they don't have a JOB.
 
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Abdalla

Medical specialist in diagnosing Majeerteentitis
Prof.Dr.Eng.
VIP
I haven't been in this section for a while and I immediately see a great development.
 

Farm

VIP
I really think Puntland should go all in the fishing sector, the majority of the income some developed countries like Iceland make are from fisheries.


 

Reer-Bari

COMMANDER OF THE PUNTLAND DEFENCE TEAM
There is not even 1 puntland owned commercial fishing vessels on our coast. Instead of building hotels they should invest in this.
 

Yonis

Puntland Youth Organiser
FKD Visionary
VIP
There is not even 1 puntland owned commercial fishing vessels on our coast. Instead of building hotels they should invest in this.

Garacad fisheries should be enough to feed Galkacyo.

Eyl fisheries should be enough to feed Garowe.

Bender Bayla should be enough to feed Qardho.

Caluula fisheries should be enough to feed Bosaso.

If our cities are not connected to the coast then its all pointless
 

FBIsomalia

True Puntlander
VIP
Minister already has plans for fishing sector, but first we should clean our seas from thefts that taking our fish.
 

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