Deputy minister of agriculture, fisheries, water and land reform Ruthy Masake says unlocking the potential of the salmon industry presents an opportunity for economic transformation through value chain development.
She says this could stimulate foreign direct investment, strengthen agro-processing and cold-chain infrastructure, increase export revenues, and create skilled and semi-skilled employment.
The deputy minister said this in Windhoek on Tuesday while speaking under the theme ‘Unlocking Namibia’s Salmon Industry-An opportunity for industrialisation’.
“Namibia’s cold Benguela current system, stable governance, and investor-friendly policies provide a competitive advantage. Namibia has repeatedly demonstrated resilience and innovation.
“Today, we have the chance to lead Africa into a new chapter of aquaculture industrialisation,” Masake said.
In light of climate change, Masake said aquaculture is increasingly becoming the sustainable solution to global seafood demand as climate change and overfishing place pressure on wild fish stocks.
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