Artisanal fishing in Mozambique to have its own credit line

27 May 2013

The Mozambican government plans to set up a subsidised credit line for artisanal fishermen with a view to providing loans to buy better fishing vessels and motors, the country’s Fishing Minister said in Moma, Nampula province.

Victor Borges did not give an amount for the credit line, but noted that it would be managed by the Fund to Foster Fishing and is expected to reach beneficiaries via selected micro-financing institutes.

The minister noted that levels of motorization of artisanal fishing are very low and that of the around 40,000 fishing vessels registered only around 1,000 units have a motor.

Low levels of motorization in Nampula is one of the reasons for the fact that almost all the fishermen work in a very small area as they are unable to go out to sea where fish can be found in greater numbers.

These limitations add to pressure on fishing resources in this area, which could lead to the extinction of some fish species.

“With more robust fishing vessels the fishermen will be able to go out as far as three miles, or five kilometres, and will be able to catch better quality fish in greater quantity to meet market demand and ensuring the sector’s sustainability,” Borges said, according to Mozambican daily newspaper Notícias. (macauhub)