AfDB Provides CFAF 13 Billion to Help Modernize Gabon's Fisheries Sector

6 September 2010
Content from a Premium Partner
African Development Bank (Abidjan)
press release

Tunis — The AfDB recently handed CFAF 13 billion worth of equipment to Gabon's fisheries and aquaculture directorate aimed at modernizing the sector.

The package is the first tranche of equipment estimated at CFAF 13 billion that the AfDB has to offer to the directorate of fisheries and aquaculture as part of the AfDB's support project to the fisheries and aquaculture sector (PSPA).

The materials were handed over by the GAFO resident representative, Boubacar S. Traore. The next delivery is expected to take place in December 2010, and will comprise 15 vehicles, 32 all-terrain motorbikes, 9 speed boats, laboratory equipment and office furniture. PSPA's implementation has been scheduled for December 31, 2011.

This implies that the high implementation rate will reach 40% at the end of 2010 as against an average 25%, to date.

The project's implementation is expected to enable the fisheries and aquaculture sector to contribute over 4% to the GDP as against the current 1.5%.

The PSPA is expected to bring benefits to some 21,500 players in the sector, 56% of whom are women and it is expected to have a real impact on some 55,800 youths.

The project covers all the country's 9 provinces and is expected to improve living conditions for some 8,300 fishermen.

Contacts

Felix Njolu

Read the original article on African Development Bank (AfDB).

Tagged:
Copyright © 2010 African Development Bank. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 600 reports a day from more than 110 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.