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Malawi - Sustainable Fisheries, Aquaculture Development And Watershed Management Project

Sector: Raw Materials • Location: Malawi

Source: African Development Bank (AfDB)

Project

The Sustainable Fisheries, Aquaculture Development and Watershed Development Project is justified by the priorities in the Malawi Growth and Development Strategies III (MGDS III: 2017-2022) which emphasises on agriculture and food security. The project is also in line with the National Agriculture Policy (2016) and the National Fisheries and Aquaculture Policy (2016), National Agriculture Investme

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The project “Malawi - Sustainable Fisheries, Aquaculture Development And Watershed Management Project” is an infrastructure initiative in the Raw Materials sector, located in Malawi. Taiyo aggregates data on it from African Development Bank (AfDB).

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Description

Description

The Sustainable Fisheries, Aquaculture Development and Watershed Development Project is justified by the priorities in the Malawi Growth and Development Strategies III (MGDS III: 2017-2022) which emphasises on agriculture and food security. The project is also in line with the National Agriculture Policy (2016) and the National Fisheries and Aquaculture Policy (2016), National Agriculture Investment Plan (2018). The project consists of 4 components which include :(i) Sustainable Capture Fisheries and Watershed Management; (ii) Aquaculture Development; (iii) Fish Value Chain Strengthening and (iv) Project Management, Coordination, Monitoring and Evaluation. Its implementation time frame is 60 months effective January 2020 with a total estimated cost is UA 10.56 million. The project will promote diversification from capture fisheries to aquaculture ventures, and hence increased production and incomes. It will contribute towards increased livelihoods and employment opportunities; reduction of local fish prices, increase export of commercial fish species, and increase fish production to meet food and nutritional security.

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