28 Oktober 2021 | Wirtschaft

Fishing becoming a weak contributor to GDP

According to the National Hake Association, the industry employs about 15 500 citizens, with about 12 000 being employed by the local hake sub-sector alone.


The agricultural industry is the sixth largest industry in our economy, but it is the biggest employer, employing about 23% of the labour force. Within the agricultural industry, the fishing industry is the second largest sub-sector on average, compared to livestock and crop farming.

According to the Namibia Statistics Agency (NSA) national accounts, production in the fishing industry has been on a declining trend since 2013. Growth in this sector is expected to remain relatively flat going forward, potentially negative in the long run. Most industry players currently operate at full Maximum Sustainable Yield (MSY) and have reached the Total Allowable Catch (TAC) levels set by government. This means that growth in the industry will not come from additional players in the industry catching more fish, but rather increased value addition activities or processes being established in Namibia.

This suggests existing industry players need to invest in establishing factories and processing plants to add value to their fish products before exporting to foreign markets or selling to the local market, to drive growth and indirect job creation in other sectors linked to the fishing value chain. Additional fishing quotas issued in 2020 reduced the market share of each industry player, thereby lowering profits and increasing the time trawlers stay idle for each player. In essence, each industry player operates a smaller market share, but the size of the market remains unchanged. The fishing industry is expected to grow 2.8% in 2021 and 3.6% in 2022, compared to -9.4% in 2020.


The fishing industry has become a weaker contributor to the Namibian economy since 2009. While providing a basic necessity, the importance of the sector is on a downward trend and will continue to become a smaller part of our economy if value addition processes are not set up locally, thereby creating additional jobs along the value chain. Currently, the industry employs about 15 500 citizens, with about 12 000 being employed by the local hake sub-sector alone according to the National Hake Association. This excludes indirect jobs created by or dependent on the fishing industry.

While some value addition services are offered in Namibia in certain sub-sectors, much untapped potential remains. For example, fresh squid caught by vessels off the Falkland Islands and frozen whole on board arrive in Walvis Bay where they are cleaned, and the table ready tubes and tentacles are packed for consumer markets in Europe.

Taking the above into consideration, a great deal of investment is needed by local fish producers. Since 2018, net investment in the fishing industry has been on a decline. Net investment in this industry has decreased by 46.0% on an annualized basis for the last two years. Despite interest rates being low, business confidence remains low and prevents current industry players from taking on risk to start value addition activities. Due to the additional quotas issued in 2020, companies who invested in vessels and processing plants see lower returns.

Gleiche Nachricht


Fuel price hike takes merry out of Xmas

vor 13 stunden | Wirtschaft

Jo-Maré Duddy – The price of petrol and diesel in Namibia will increase by 70c per litre on 1 December, bringing the total fuel price...

Investment trends in a decarbonised world

vor 1 tag - 26 November 2021 | Wirtschaft

PHILLEPUS UUSIKUEnvironmental, social and corporate governance (ESG) issues are material in determining the long run fundamentals of a business and bring about a different approach...

NSFAF in Schulden

vor 1 tag - 26 November 2021 | Wirtschaft

Studentenfonds will Kreditbuch verkaufenVon Ogone Tlhage und Katharina Moser, WindhoekIn einer weiteren Anstrengung, ihre ehemaligen Begünstigten zur Rückzahlung der Darlehen zu bewegen, erwägt der Studentenfonds...

Mangel an gesunder Ernährung

vor 1 tag - 26 November 2021 | Landwirtschaft

Von Lea DillmannWindhoek/RomDie Rede ist von einem Anteil von 0,51 Prozent der Bevölkerung in Namibia, der sich keine gesunde Ernährung leisten kann. Das betrifft immerhin...

Neustart der Passagierschifffahrt

vor 1 tag - 26 November 2021 | Wirtschaft

Swakopmund/Walvis Bay (er) — Erstmals seit Beginn der COVID-19-Pandemie hat in Walvis Bay ein Passagierschiff angelegt. Die „MS Europa“ ist seit gestern zu Besuch und...

The SEZs a key policy instrument for Nam

vor 2 tagen - 25 November 2021 | Wirtschaft

ELIJAH MUKUBONDAThe Special Economic Zones (SEZs) are a key policy instrument that is deployed to ensure the attainment of economic goals as set out through...

CoW consistent with building plan approvals

vor 3 tagen - 24 November 2021 | Wirtschaft

PHILLEPUS UUSIKUIn October 2021, the City of Windhoek (CoW) approved 271 building plans valued at N$221.7 million of which 200 were additions, commercial and industrial...

Namibia in der vierten industriellen Revolution

vor 3 tagen - 24 November 2021 | Wirtschaft

Windhoek (ks) Heute Vormittag fand sich Namibias Internetführungsforum (NIGF) zum zweiten und abschließenden Tag ihrer Konferenz mit dem Namen „Vereintes Internet“ mit offenen Türen im...

Significant improvements in the mining sector

vor 4 tagen - 23 November 2021 | Wirtschaft

PHILLEPUS UUSIKUThe local mining industry underwent significant amount of investment last year in order to expand operations, implement care and maintenance and expand their life...

Log-In für alle

vor 4 tagen - 23 November 2021 | Wirtschaft

Windhoek (ks) Namibias Internetführungsforum (NIGF) traf sich gestern unter dem Motto „Vereintes Internet“ zu einer Konferenz im „Business Hive“ in Windhoek, um den Stand der...