Tanzania secures $3B from Turkish firm to boost fishing

[AbdiGeedi]

Kizito Makoye | 28.11.2020

Turkish investors to finance ambitious project in Indian Ocean archipelago of Tanzania, East Africa

DAR ES SALAAM, Tanzania

A Tanzanian firm has sealed a $3 billion deal with a Turkish investment firm to develop modern fish processing facilities and a landing port, local officials said Saturday.

The investment in Zanzibar-based Salmin Fisheries by Northland Capital Investment is part of the government’s “blue” economy policy to give the ailing fishing sector a new lease on life, said Abdullah Kombo, Zanzibar’s minister for blue economy and fisheries.

He hailed the move as a milestone for the economy of the semi-autonomous Indian Ocean archipelago, and provide employment opportunities and markets for artisanal fishers.

Salmin Ibrahim, the company’s executive director, said the project is aimed to support small-scale fishers, adding: “The investors are willing to disburse the funds so that this ambitious project can take off as planned.”

The blue economy is one of the flagship sectors that Hussein Mwinyi, Zanzibar’s new president, has vowed to invest heavily in.

Deep-sea fishing, fish farming, and fish processing are some of the areas the East African government is seeking serious investments for to support struggling fishing communities.

The government is keen to explore multibillion-dollar marine resources, which have for many years been neglected and benefited foreigners.

Zanzibar secures $3B from Turkish firm to boost fishing

Turkish investors to finance ambitious project in Indian Ocean archipelago of Tanzania, East Africa - Anadolu Agency

www.aa.com.tr

 

[AbdiGeedi]

Lately we have seen a number of discussions on this forum about fishing in Somalia. I stumbled upon the above news today.

If and when Somalia provides secures its waters, I bet foreign companies will start investing in the Somali fishing industry as in neighboring Tanzania.

 

[DR OSMAN]

Lately we have seen a number of discussions on this forum about fishing in Somalia. I stumbled upon the above news today.

If and when Somalia provides secures its waters, I bet foreign companies will start investing in the Somali fishing industry as in Tanzania.

I doubt any real investor worth his salt will invest in anything till consumption is worked out, requiring stable markets with an effective govt. Consumption ratio globally/regionally and it's data is first checked for investors and then data on the supply chain world-wide, if the output exceeds consumption globally this is not good investment indicator unless they secured 'niche markets' and got the govt to block out 'competitors' which is unlikely with the WTO monitoring and enforcing free trade agreements world wide to stamp out unfair business practises. Every investor is looking for an industry with limited or scarce supply points, this is what they consider the jackpot and there is nothing 'scarce' about the sea in the world lol

 

[AbdiGeedi]

I doubt any real investor worth his salt will invest in anything till consumption is worked out, requiring stable markets with an effective govt. Consumption ratio globally/regionally and it's data is first checked for investors and then data on the supply chain world-wide, if the output exceeds consumption globally this is not good investment indicator unless they secured 'niche markets' and got the govt to block out 'competitors' which is unlikely with the WTO monitoring and enforcing free trade agreements world wide to stamp out unfair business practises. Every investor is looking for an industry with limited or scarce supply points, this is what they consider the jackpot and there is nothing 'scarce' about the sea in the world lol

"Wild Caught" label on the packaging is in high demand these days. Our fish is not farm-raised toxic fish like Norwegian and Scottish Salmon, or Vietnamese Panga or Chinese Tilapia.

We would be competing with countries like the US and Chili.

Market is in there otherwise there wouldn't be illegal fishing off the coast of Somalia.

 

[DR OSMAN]

That is why Somalis need to kiss this game of 'natural resources' good bye and not try to find life in a game that is globally chokeholed, nearly every natural resource industry is over supplied in global production level that exceeds consumption especially food-water-fish-livestock, this means no matter how much u produce it will be 'restricted' nation by nation as they met their yearly quotas for natural resources.

Infact the oil-gold-minerals won't make u rich either as that is 'capped' for yearly consumption also nation to nation unless you go in the black-market but their nations won't allow u to dump all this into their economy without going thru their govt first who have economist monitoring production vs consumption weekly-monthly-yearly and working out their 'needs' without going above or under it to much.

Natural resources is anything that is natural to the world be it raw materials-food-water-fish-livestock-oil-minerals all which are plentiful in the world or capped to ensure it doesn't lose it's value when consumption of it isn't large. Somalis need a new direction in their economy and huge shift from this natural resource game, I can't see our economy growing by much by remaining in it either, it needs a 'century' transformation plan like Rwanda and re-designing the whole economic landscape from scratch and leaving these ancient industries.

 

[DR OSMAN]

"Wild Caught" label on the packaging is in high demand these days. Our fish is not farm-raised toxic fish like Norwegian and Scottish Salmon, or Vietnamese Panga or Chinese Tilapia.

We would be competing with countries like the US and Chili.

Market is in there otherwise there wouldn't be illegal fishing off the coast of Somalia.

Illegal fishing is done to ensure fishermen reduce their production cost and sell cheaper rate then other competitors who went thru legal route not because consumption has changed their trying to ensure the legal fishermen production goes to waste and they secure the market themselves. No joke any nation's market is 'capped' by economists, industry by industry by working out their yearly consumption and signing deals with only 'preferred' trade partners who are also their security partners as they prefer they grow together rather then another nation who their not friendly with or neutral.

There is no new 'market' or 'demand' competitors legal or illegal are simply working to reduce their production cost so they can secure larger slice of the current demand but there is no 'demand' growth, how can their be when GDP hasn't increased beyond 1-5% for most nations and that not's all 'industries' either only a few represent that growth. That 1-5% isn't going to be spent on 'fish' completely kkkkk but more likely other 'valuable' assets not consumables. Your trying to make money out of a consumable that is perishable that is half the problem, your economic route hasn't changed a bit for 12000 years dude that's scary shit as f*ck, it indicates a brain drain as innovation has stopped to create new industries

 

[AbdiGeedi]

@DR OSMAN

Dang, man.

 

[FBIsomalia]

Lately we have seen a number of discussions on this forum about fishing in Somalia. I stumbled upon the above news today.

If and when Somalia provides secures its waters, I bet foreign companies will start investing in the Somali fishing industry as in neighboring Tanzania.

Xarmaajo sell our waters to Chinese.

 

[AbdiGeedi]

Xarmaajo sell our waters to Chinese.

This shit needs to stop. Fishing can become our ticket to statehood greatness.

Somalia needs Navy patrol ships and drones. Turkey makes both of them. Qatar can finance. If only Farmaajo, or whoever comes to power, plays his cards right.

 

[DR OSMAN]

@DR OSMAN

Dang, man.


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I'll give u a 'trick' bruv to stop wasting your time like @Farjano-Walad and his pseudo economic and rasul philosophy. Look at the GDP per capita of each nation, work out where there large 'consumption' is happening and usually 'food products' are at the bottom of their 'costs' due to an intentional over-supply of 1.5% to ensure it's low cost commodity world wide. U need to target where their money is spent the most. It's these three key areas.

1. Tech
2. Vehicles
3. Houses
4. Equipments

Those are the biggest spend per person, if u can find a 'innovative' way into matching Somalis at large 'scale' towards those industries supply chain be it at the 'raw or processed or finished product' stage, you just scored the jackpot, your targetting your population pool towards the supply-chain of an 'expensive' product with a large consumption rate per person yearly.

So 'banks' are big start for 'housing game' and getting Somalis to invest heavily in this lucrative trade. Vehicles and their different stages of raw to processed and just getting one 'area' of it will be lucrative even just the 'seating' material or 'tyres' kkkkkk. Tech either the raw materials side or skilled side of it is very promising also.

If your 'fighting' in this 'area' no matter at what the stage of the product, your down to eating in lucrative supply-chain and you will feel it no matter how low or up you are in it due to being interconnected. Forget consumable especially perishables like drinks-food-etc and leave that as other nations do as 'security' not 'profit game'. Your totally out of sync with the world markets dude, your creating an economy out of what has essentially been relegated into the 'oversupply' bin kkkk so it doesn't ever become 'expensive' and your literally having millions of people around this is very bad economic direction only psuedo rasuulis like Farjano wud suggest this too u. The per person outgoing cost is so low around the perishable consumables areas which makes no sense how your going to get 'rich' from a low spend item that has been oversupplied globally, it truly makes no mathamatical sense what your promoting at all, it's more psuedo rasuuli shit and sticking to ancient occupations which have no 'margins' today, you really need to 'evolve' not remain 'stale' or else the world will leave u behind like u see what's happened now

 

[DR OSMAN]

@AbdiGeedi When your developing an economy the 'liberal economic' way you set your GDP target by year and decade and century time-line, you set your market scope, you define industries by 'product value' annually not 'worker value' as the worker value is determined by his product value production. Somalia has 15 million pool and could set technically a maximum goal of GDP of 750 billion dollars a year, it's now time to bring in liberal economists who identify industries which contribute to that 'over-all GDP goal'. Each industry forms like 'skeleton' backbone of your market, the question only is how big or small it is and how much it contributes to your over-all GDP targets by year or decade or century.

Each industry is assessed for human capital locally and provides data to your govt where education investment is needed, it assesses local/global consumption, it looks your local growth and global growth GDP indicators, it begins to design your economy like a a heirachy of industries and supply chains to develop from each investment into a sector which is called 'maturing' that sector if it already exists or creating new 'sector' which is called an 'emerging' industry.

The liberal economists then work out how many people are needed in each industry skilled/unskilled ratio as a product has different levels of skills required, it ensures to combine as much of your skilled/unskilled population into the product or supply chain, it looks at global/local consumption rates, it looks at your govt land-health-education polices to ensure these people have a reason to 'work' in the first place. It then assesses 'services' growth annually from your industry growth as services growth are usually by-product from industry growth. It looks at your banking facilities to ensure it's supplying the capital needed to respond to your service industry maturing with industry growth. It measures this year by year-decade by decade-century by century and uses your current GDP as baseline to show the 'growth' achieved.

Good liberal economists are needed in Somalia, a planned economy is far better then unplanned one like @Farjano-Walad suggests which is just totally free market nonsense and total chaos and not supporting that govt economic vision to ensure their nations 'gold value' goes up from 150 tonnes. if free market economy works, just look at the wasted investment in Somalia today in foods/drinks factories being 'termed' money makers kkkk or 'hotels' kkkkk this is only what unplanned economy leads too. It leads to a wasted investment

 

[DR OSMAN]

Do not ever follow this psuedo rasuli philosopher @Farjano-Walad who found a home in libertarianism to support his rasuli economics kkkkkk. Liberal economists are the only economists that are worth their salt as they combine industry measurements, gdp goals, year to year assessment, supply chain benefits, human capital guidance to govt, health and land policies to ensure a settled human capital. It shows u how each year to year your economy is changing from the measly 150 tonnes of gold and adding 50-100 tonnes extra thru guided investment into high product value investments and aligning your people time/labour into where it really counts.

It will advise u to set up furniture factories-bedding-furnitures-boating by creating a 'class of trade people' to service your local high purchase items. It will show u how to target the supply chain of lucrative high value products such as cars-houses-tech-equipment and what side your population pool can work at be it skilled or unskilled. They will show u the difference in earnings for even within the skilled market and unskilled market and if u still want to take the route of unskilled economy, it will guide u to the areas where the unskilled are paid the best not the lowest.

This is the great thing about liberal economics, it's all grounded in science and not so much 'faith' kkkkkk like the libertarian or rasuli philosophers. It also shows u how to respond to your own 'local growth' in GDP so your people are guided into 'asset investment' like property immediately and not useless investment like 'cocoa nut creams' kkkkkk while demonstrating the growth for your emerging banking and construction sector which will only boom when your people have money since they are 'services' and service industry is by-product of a primary/secondary economy and requires people have money first before they deliver their services.

The service sector will grow largely in response to your economic vision around your money making industries and how well it's distributed to the worker class is another measure as they are the 'engine' of the construction and banking game.

 

[DR OSMAN]

This is a strong liberal economist

They want to ensure the lowest bracket below your GDP per capita has govt intervention in land, minimum wages, health, educational interventions to shift them over into the GDP per capita average of your nation, anyone below this average is seen as huge dilemma to 'economic growth' as they believe that economy is centering around pool of middle-upper wealth groups who's consumption rates are not going to change year to year. They demand even welfare for these people not only due to human rights but also it leads to economic production response, w will not allow to see anyone sitting out in the economic picture, it leads to less market production and you will be taxed higher in order to see over-all market opportunities for business people and higher employment.

Their vicious and form the liberal economic philosophy which yours truly DR Osman is also apart of.

 

[DR OSMAN]

The reason I love liberal economist is they have that 'stoic' look about them were it's purely number, graphs, stats, growth and their ideas around economic growth are always tied to this. Where-as conservatives no offence all u hear is 'emotion' of what 'we hate commies' kkkkk but never showing how their policy lead to over-all market stimulation in different industries and supply chains nor do they ever answer how to broaden the middle class and lower the poor class. U just hear pure emotions guiding them and rhetoric talking points which have been answered so many times they still hang around it like flies on shit

 

[Prime Minister]

Lately we have seen a number of discussions on this forum about fishing in Somalia. I stumbled upon the above news today.

If and when Somalia provides secures its waters, I bet foreign companies will start investing in the Somali fishing industry as in neighboring Tanzania.

Even a 10% investment of that could make Somalia compete 3 billion is a huge number for Africa.

 

[AbdiGeedi]

Even a 10% investment of that could make Somalia compete 3 billion is a huge number for Africa.

The International Community is truly ineffective. They could have helped Somalia with targeted lifting of arms embargo like allowing procurement of Navy patrol ships to safeguard Somali waters and jump start our finishing industry.

 

[DR OSMAN]

The International Community is truly ineffective. They could have helped Somalia with targeted lifting of arms embargo like allowing procurement of Navy patrol ships to safeguard Somali waters and jump start our finishing industry.

What's sad they say they are stopping pirates but they watch those fish pirates and turn a blind eye which means it's ok if you get robbed but how dare u try to rob us in return, it's those sorts of incompetence in the western world that has them spending a huge chunk of their time and money on fires world wide.

 

[Prime Minister]

The International Community is truly ineffective. They could have helped Somalia with targeted lifting of arms embargo like allowing procurement of Navy patrol ships to safeguard Somali waters and jump start our finishing industry.

We can get patrol boats without weapons on board that can reach out offshore and if we wanted to add weapons later you can patrol with Aks and capable boats.