EU and Germany support Zimbabwe's US$2.37 billion aquaculture growth plan
via NewsDay Zimbabwe5 min read
The European Union and Germany are increasing their support for Zimbabwe's aquaculture sector through a €207 million facility aimed at sustainable agricultural value chains. This initiative aligns with the EU's Team Europe and Global Gateway strategies. The aquaculture industry in Zimbabwe is projected to reach US$2.37 billion by 2030, a revised estimate from an earlier US$1 billion, following a National Aquaculture Frame Survey conducted since 2024. EU Head of Cooperation Anna Cichocka highlighted aquaculture's potential to link food security and rural livelihoods with private sector development. Part of the funding will also support the FISH4ACP program, a joint EU and German initiative promoting sustainable fisheries and aquaculture value chains in African, Caribbean, and Pacific countries. Agriculture Permanent Secretary Prof Obert Jiri stated the government's goal to increase fish production from 35,515 tonnes last year to 60,000 tonnes by 2030, a 69% rise under the Agriculture Food Systems and Rural Transformation Strategy 2. Opportunities for investment include hatchery development, feed production, cold chain systems, processing facilities, and market infrastructure. Despite growing domestic demand, Zimbabwe imports significant volumes of fish, indicating market opportunities. The government's rollout of 35,000 Village and School Business Units is already boosting aquaculture activity in rural areas. Dr Patrice Talla, Food and Agriculture Organization Subregional Coor
Free daily or weekly digest of the most important stories from across 18 African countries. No spam, unsubscribe any time.
This summary was AI-generated from a story originally published by NewsDay Zimbabwe.
The Post Office Savings Bank POSB announced a significant increase in its dividend payments, rising from US$216,334 in 2022 to US$5.14 million in 2026. This growth was attributed to improved profitability and effective capital management by the bank. The record dividend declaration highlights the bank's enhanced financial performance.
Must ReadZimbabwe has commissioned a specialized honey testing laboratory to enhance the export competitiveness of its honey products. This initiative aims to improve the quality and market access for Zimbabwean honey on the international stage. Other news includes an ex-Harare official winning a Labour Court challenge over dismissal, Econet launching XtraData Bundles, and ARDA delivering 120,000MT as Zimbabwe prepares for El Niño. Additionally, Mutapa Gold upgraded its laboratory to reduce exploration costs and boost investor confidence, while ART operations were affected by power outages and raw material shortages, leading to declines in export and paper division volumes.
Zimbabwe has commissioned a specialized honey testing laboratory to enhance its export competitiveness. This development aims to improve the quality and marketability of Zimbabwean honey on the international stage. Other news includes the repatriation of over 72,000 Zimbabweans from South Africa, Econet's launch of XtraData Bundles, and ARDA delivering 120,000MT as Zimbabwe prepares for El Niño. Additionally, Mutapa Gold upgraded its laboratory to reduce exploration costs and boost investor confidence, while new grain levies are proposed to address climate and food security risks. Holy Ten was granted US$500 bail on a rape charge, and ARTUZ launched a digital tool for reintegration of returning learners.