With the growing popularity of street food made from fried fish, the industry experiences a boom during the main fasting season for Ethiopian Orthodox followers, during which restaurants and hotels in the capital stock up on supplies. However, the Ethiopian fishing industry has struggled to grow, with annual fish production estimated at just 50,000tns, contributing less than one percent to the gross domestic product (GDP) and less than 0.5kg per capita consumption. Experts blame overfishing, lack of awareness, and inadequate infrastructure and technologies as the main challenges to the sector's development. Researchers point to costly waste materials dumped into water bodies. Fishermen are untrained, and their nets are outdated, catching small fish before they have the time to reproduce. But Officials argue the neglected fishery and aquaculture sectors are slowly but surely receiving more attention.
You can read the full story here
PUBLISHED ON
Feb 25,2023 [ VOL
23 , NO
1191]
Feb 24 , 2024 . By MUNIR SHEMSU
Abel Yeshitila, a real estate developer with a 12-year track record, finds himself unable to sell homes in his latest venture. Despite slash...
Feb 10 , 2024 . By MUNIR SHEMSU
In his last week's address to Parliament, Prime Minister Abiy Ahmed (PhD) painted a picture of an economy...
Jan 7 , 2024
In the realm of international finance and diplomacy, few cities hold the distinction that Addis Abeba doe...
Sep 30 , 2023 . By AKSAH ITALO
On a chilly morning outside Ke'Geberew Market, Yeshi Chane, a 35-year-old mother cradling her seven-month-old baby, stands amidst the throng...
Apr 20 , 2024
In a departure from its traditionally opaque practices, the National Bank of Ethiopia...
Apr 13 , 2024
In the hushed corridors of the legislative house on Lorenzo Te'azaz Road (Arat Kilo)...
Apr 6 , 2024
In a rather unsettling turn of events, the state-owned Commercial Bank of Ethiopia (C...
Mar 30 , 2024
Ethiopian authorities find themselves at a crossroads in the shadow of a global econo...