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Somalia

Somalia Forum/Business

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Foreign trawlers and illegal fishing deny Somalia $300m in revenue

theeastafrican.co.ke/news/e...

submitted over 5 years ago by tautau

submitted over 5 years ago by tautau

  • Sharks caught off Somalia's coast are processed for meat and fins, with products exported to markets in Kenya, Hong Kong, and Singapore.
  • Despite the potential for a profitable fishing sector in Somalia, illegal foreign trawlers are causing significant revenue loss, with a lack of skilled workforce and regulatory challenges hindering the industry's growth.
Read more on theeastafrican.co.ke
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