Uganda to lose $60m fish exports
UGANDA'S fisheries sector is projected to lose up to $60m this year because of overfishing and illegal catching of the east African nation’s second highest export earner, an official said on Monday.
UGANDA'S fisheries sector is projected to lose up to $60m this year because of overfishing and illegal catching of the east African nation’s second highest export earner, an official said on Monday.
Fish stocks in Uganda have declined sharply in recent years. Fish export revenues in 2007 dropped by $19.4m from the previous year to $117.3m.
“Last year, we lost up to $20m and our projections are that it is likely to triple to $60m by the end of the year,†Wilson Waiswa Mwanja, head of the fisheries and resources department, told reporters in Kampala.
Fishing is Uganda’s second largest export earner after coffee. The country boasts four major lakes – Lake Victoria, the largest shared with Kenya and Tanzania, Lake Albert, Lake George and Lake Kyoga.
Other exports in this relatively stable economy include coffee, cotton, flowers, fruits and vegetables, honey and human capital.
Reuters
Fish stocks in Uganda have declined sharply in recent years. Fish export revenues in 2007 dropped by $19.4m from the previous year to $117.3m.
“Last year, we lost up to $20m and our projections are that it is likely to triple to $60m by the end of the year,†Wilson Waiswa Mwanja, head of the fisheries and resources department, told reporters in Kampala.
Fishing is Uganda’s second largest export earner after coffee. The country boasts four major lakes – Lake Victoria, the largest shared with Kenya and Tanzania, Lake Albert, Lake George and Lake Kyoga.
Other exports in this relatively stable economy include coffee, cotton, flowers, fruits and vegetables, honey and human capital.
Reuters