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Market Brief - Africa Economic Financial Brief 03-07 June 2013


Combating food insecurity and promoting green economic growth are at the heart of the development agenda of the African continent. In recent years, Africa has achieved significant progress on the Millennium Development Goals including cutting hunger and environmental sustainability. However, much more needs to be done for full transition of African countries to green and inclusive economic growth. Here, Africa’s fishing industry can play an important part in fighting hunger and in the transition to more environment-friendly economic development. In fact, with more than 26,000 km of coast-line, Africa has abundant fishing resources to help cut the food insecurity ravaging some of its regions. The fishing industry worldwide has a huge potential: it is one of the fastest-growing animal food-producing sectors1 . Table 1 below shows the importance of the African continent as a major producer of fisheries in the world.

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