The African Development Bank Group has approved a loan of €24.63 million (about USD$26 million) to Côte d’Ivoire to boost the development of fisheries and aquaculture value chains. The Bank Group said the country has been growing rapidly and the funding will increase its contribution to the blue economy, both nationally and locally.
At least 700,000 people will benefit directly or indirectly from the program, which will be rolled out over a five-year period (2025-2029). The initiative stems from a project preparation facility that financed environmental and social feasibility and safeguard studies, improvements to the institutional framework for governance of the blue economy and an investment plan for blue economy sectors.
“The Bank’s involvement in this project will facilitate the establishment of aquaculture and fisheries-related infrastructure, improve skills within the fisheries sector, contribute to improved governance of sea, lagoon and inland fisheries, and promote the development of commercial aquaculture through training and the implementation of a reliable system for the production of high-quality fry and feed,” said Joseph Ribeiro, the African Development Bank’s Deputy Director General for West Africa.
Courtesy of this new project, fishing activities in coastal towns such as Sassandra will be able to expand significantly
The Project to Develop Competitive Aquaculture and Fisheries Value Chains will provide post-secondary education, incubator programs, and social entrepreneurship for start-ups. The project will also help the establishment and implementation of integrated and participatory management plans for sea, lagoon and inland fisheries that prioritize small-scale commercial fishing species.
In addition, the project plans to improve fishing methods by supporting public and private fish farms in Loka, Dompleu and Jacqueville, in the west and south of the country. It also includes the development of a procedures manual and seed certification conducted by an independent agency.
The project will be implemented in three primary areas of Côte d’Ivoire: the coastline, including the towns of Abidjan, Jacqueville and Assinie in the south, and the departments of San Pedro, Tabou, Grand Béréby and Sassandra in the south-west. Inland water bodies and rivers, low-lying areas, artesian wells and flood plains scattered across the catchment areas in the centre of the country (departments of Man, Bouaké, Toumodi, Yamoussoukro, Soubré and Béoumi), as well as the Kossou and Buyo dam lakes, have also been earmarked.
