Connect with us
Anglostratits

Business

African Development Bank Group-funded fisheries programme impacts two million people, drives economic transformation in 16 Southern African Development Community (SADC) countries

Published

on

African Development

$9.2 million initiative boosts cross-border fish trade to over 500,000 tonnes, creating jobs and strengthening food security across Southern Africa

A regional initiative that has overhauled aquatic resource management and boosted cross-border fish trade is now improving the lives of nearly three million people across Southern Africa —raising fish production, consumption, and incomes.

The Program for Improving Fisheries Governance and Blue Economy Trade Corridors (PROFISHBLUE) (https://apo-opa.co/3Y8pOgL) has generated cross-border trade volumes exceeding 500,000 tonnes over the past four years, creating employment, strengthening food security, and building climate resilience across 16 SADC member states.

The initiative has built capacity for over 250,000 beneficiaries across seven African Development Fund (ADF) countries (Democratic Republic of Congo, Madagascar, Malawi, Mozambique, Tanzania, Zambia, and Zimbabwe) through various trainings, knowledge transfer programs, fish quality assurance equipment and tools, and refrigerated transport vehicles.

Training covered multiple areas, including fish value chain and post-harvest utilisation, business development and SME incubation, genetic improvement programs for endemic tilapia species, common standards and policy harmonization in collaboration with bureaus of standards and customs officers, nutrition and fish product development, and blue economy investment planning and financing mechanisms.

Further support was provided for fish stock assessments on transboundary lakes, vessel monitoring systems to deter illegal fishing, and training vessel inspection and fish catch statistics.

On World Fisheries Day on 21 November, the Southern African Development Community (SADC), the African Development Bank Group, and strategic partners gathered in Gaborone to celebrate these achievements and showcase how the project has transformed fish value chains and local consumer markets since its inception in 2022.

The $9.2 million grant initiative, funded through the African Development Bank’s ADF 15, has successfully facilitated regional integration and economic development by improving fisheries governance and establishing sustainable blue economy trade corridors.

This year’s World Fisheries Day aligned closely with PROFISHBLUE’s multi-level governance and community-centered approach and measurable impact on fisheries communities throughout Southern Africa.

We embarked on an investment journey that few smallholder entrepreneurs would consider piloting technology in seaweed farming

The gathering brought together government officials, development partners, private-sector representatives, and civil society stakeholders to chart a path forward for sustainable fisheries development in the region.

Transformative Impact Across the Region

“We are indebted to the African Development Bank Group for providing funding to implement this project within the Blue Economy space,” said Director Domingos Gove on behalf of Angele Makombo Ntumba, SADC Deputy Secretary for Regional Integration. “This support has demonstrated our capacity to improve aquatic food systems for the benefit of over 380 million people in the region.”

The project has successfully demonstrated that fishery resources can be managed sustainably, equitably, and resiliently in the face of climate change and external shocks.

“The PROFISHBLUE project has shown best practices in regional integration of blue economy trade corridors and cross-border fish trade,” stated Neeraj Vij, African Development Bank’s Regional Sector Manager for Feed Africa Operations for Southern Africa. “About 3 billion people rely on global supply chains for aquatic-sourced food, contributing $300 billion annually to the global economy. This project demonstrates how strategic investment in fisheries governance can create competitive value chains that provide jobs and livelihoods while eradicating extreme poverty, especially in rural areas.”

Vij reaffirmed the African Development Bank Group’s commitment to expanding support for blue economy initiatives across SADC Member States.

Key implementing partners include the Food and Agriculture Organization (FAO), the United Nations Industrial Development Organization (UNIDO), the Worldwide Fund for Nature (WWF), WorldFish, and the African Organization for Standardization (ARSO).

Director of Fisheries and Apiculture in Botswana’s Ministry of Lands and Agriculture, Kagisanyo Bedi, commended the initiative for creating a crucial platform for learning and exchange of ideas among regional stakeholders in the region.

The celebration featured testimonials from women in fisheries who shared how the project has enhanced their livelihoods, underscoring the project’s inclusive development approach.

“We embarked on an investment journey that few smallholder entrepreneurs would consider piloting technology in seaweed farming. We appreciate the opportunity…” said Hifadhi Hai, a project participant from Tanzania.

“This was echoed by a fish processor, Tamala Mtambo of the Twiyule Fish Cooperative, Malawi: “ProFishBlue supported us to turn fish processing into progress.”

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

Home  Facebook

Business

Canada–Africa Financing Forum to Convene Investors and Decision-Makers in Cape Town – May 14, 2026

Published

on

Ateau Zola

This timely Forum comes on the heels of commitments announced by Canadian Prime Minister Mark Carney, deepening Canada–Africa commercial ties and expanding investment partnerships

TORONTO, Canada, April 29, 2026/APO Group/ –The Canada–Africa Chamber of Business (https://CanadaAfrica.ca) will convene investors, financiers, policymakers, and industry leaders in Cape Town on May 14, 2026 for the Canada–Africa Financing Forum—a high-level platform focused on unlocking capital and accelerating deal flow across African markets.

Registration is open (http://apo-opa.co/4vZN6oV)

This timely Forum comes on the heels of commitments announced by Canadian Prime Minister Mark Carney, deepening Canada–Africa commercial ties and expanding investment partnerships. The program connects leaders from venture capital, private equity, and institutional investors to examine where capital is moving—and where the next opportunities lie—supported by Canadian project partners with proven capacity to deliver on-the-ground.

Delegates will engage directly with finance and investment decision-makers, following the program opening, featuring messages from President Cyril Ramaphosa and Prime Minister Mark Carney, in addition to high-level Ministerial representation.

This Forum is about capital deployment, not just conversation

“This Forum is about capital deployment, not just conversation,” said Garreth Bloor, President of the Canada–Africa Chamber of Business. “We are convening investors, institutions, and project leaders who are actively shaping transactions across Africa—and connecting them directly with Canadian partners who are ready to work together.”

The Canada–Africa Financing Forum reflects the Chamber’s role as a privately financed, market-led platform advancing Canada-Africa trade and investment through world-class networking and information-sharing events.

Why Attend

  • Direct access to active dealmakers and capital allocators
  • Insights into where capital is being deployed and key players delivering major projects
  • Opportunities to build partnerships across Canada and African markets
  • Participation in a curated, high-level environment focused on execution

Secure Your Place

Space is limited and demand is strong.

Apply to secure your place (http://apo-opa.co/4vXb9oz)

Read More and View the Program (http://apo-opa.co/4vZN6oV)

Distributed by APO Group on behalf of The Canada-Africa Chamber of Business.

Continue Reading

Business

ORUN and 1xBET Partner to Support a Dynamic Creative Africa

Published

on

MIR Holding

During the MASA 2026 edition, held from April 11 to 18, 2026, ORUN and 1xBET implemented the We Champion Talent program, an initiative aimed at promoting African talent and advancing the development of Cultural and Creative Industries (CCIs)

ABIDJAN, Ivory Coast, April 28, 2026/APO Group/ –As part of the Innovation Village co-organized with MASA at the Palais de la Culture in Abidjan from April 14 to 18, ORUN (https://ORUN.Africa) announces the rollout of its partnership with 1xBET to support a creative Africa that is structuring itself, professionalizing, and scaling across the continent.

We aim to demonstrate that it is possible to support African talent, narratives, and creative ecosystems over the long term, with ambition and consistency

Designed as a space of convergence between heritage, innovation, and knowledge transmission, the Innovation Village features scenography crafted by Ivorian artisans, a program of panels and masterclasses on creative industries, an immersive experience produced by Orun Studios, and a major institutional highlight on April 17. Its narrative platform is built around three pillars: memory, structure, and transmission. The initiative aims to position cultural and creative industries as an economic driver for the continent.

“The Innovation Village was conceived as an act of construction. By partnering with organizations such as 1xBET, we aim to demonstrate that it is possible to support African talent, narratives, and creative ecosystems over the long term, with ambition and consistency,” said Habyba Thiero, CEO of Africa Currency Network and President of ORUN.

This vision aligns with ORUN’s broader ambition to produce, structure, and internationalize African creative industries through events, content, and strategic partnerships.

Distributed by APO Group on behalf of ORUN, part of African Currency Network (ACN).

 

Continue Reading

Business

MIR Holding Reaffirms Its Commitment to African Creative Industries Alongside ORUN at Marché des Arts du Spectacle Africain d’Abidjan (MASA) 2026

Published

on

MIR Holding

More than event support, this partnership reflects a commitment to backing platforms capable of structuring value chains, increasing the visibility of talent, and fostering the emergence of strong African creative infrastructures

ABIDJAN, Ivory Coast, April 28, 2026/APO Group/ –On the occasion of MASA 2026, held from April 11 to 18 in Abidjan, MIR Holding (https://MIRHolding.odoo.com) reaffirmed its commitment to supporting the growth of African creative industries by partnering with ORUN as part of the Innovation Village, hosted at the Palais de la Culture in Abidjan. This presence reflects a clear intention to support the scaling of cultural and creative industries so they can fully contribute to job creation and value generation across the continent.

 

Co-organized by ORUN and MASA, the Innovation Village brought together over several days scenography designed by Ivorian artisans, a program of panels and masterclasses dedicated to creative industries, an immersive experience produced by Orun Studios, and a key institutional highlight on April 17.

At MIR Holding, we believe that Africa’s future will also be shaped by its ability to structure its narratives, its talent, and its creative value chains

Built around three pillars — memory, structure, and transmission — the initiative carried a renewed ambition for culture: positioning it as a concrete lever for economic structuring and African projection.

By supporting this initiative, MIR Holding aligns with a broader dynamic aimed at strengthening connections between creation, entrepreneurship, content, youth, and growth ecosystems. More than event support, this partnership reflects a commitment to backing platforms capable of structuring value chains, increasing the visibility of talent, and fostering the emergence of strong African creative infrastructures. MIR Holding stands among the main partners of the Village, alongside Africa Currency Network and other stakeholders engaged in this vision.

“With ORUN, we are not only seeking to make culture visible. We aim to help provide it with a framework, a reach, and a trajectory. What is at stake here is the continent’s ability to better transform its creative energy into sustainable value, real opportunities, and influence,” said Habyba Thiero, CEO of Africa Currency Network and President of ORUN.

Mouhamed Dieng, President of MIR Holding, added: “Supporting Africa’s creative industries is not about backing a secondary sector. It is about investing in one of the continent’s most powerful spaces for storytelling, youth, innovation, and competitiveness. At MIR Holding, we believe that Africa’s future will also be shaped by its ability to structure its narratives, its talent, and its creative value chains.”

Distributed by APO Group on behalf of MIR Holding.

 

Continue Reading

Trending