Bank of Mozambique raises minimum capital and solvency ratios for commercial banks
O País (File photo) / Mozambique is aiming for one million ton fish catch in 10 years
Mozambique produces 300,000 tons of fish annually, an increase of 30 tons on the 2014 figure. Although the numbers are encouraging, Minister of Maritime Affairs, Inland Waters and Fisheries, Agostinho Mondlane, wants to increase that to one million tons annually within ten years.
Speaking at the ministry’s first Extended Advisory Council, which is taking place in Namaacha district and ends today, Mondlane said the ministry was developing sustainable fishery practices and aquaculture projects in the country in pursuit of its goal.
He also revealed that most of the fish caught off Mozambique was consumed domestically, with only a small part exported to Europe, Asia and South Africa.
During the meeting, Mondlane spoke about the recent government approval of regulations establishing a legal regime for the use of maritime spaces, a document that provides for the defence of the marine environment and protection of conservation areas, among other measures.Source: O País