Aquaculture Industry to Beat Falling Fish Stocks20 May 2008
UGANDA - Fish stocks in Lake Victoria are declining because of the falling water level and this is threatening the country's fish exports.
Now investors are coming forward to help build up the stocks by financing the aquaculture industry and helping to raise stocks and boost the export trade.
According to All Africa, while the aquaculture industry is not new in Uganda, it could become the next source of fish to supply both the domestic and export markets.
All Africa says that unless investment is put into the industry then it faces collapse and with it a potential 6 million jobs.
"Exports have continued to drop for the last three years now, we project continuous drop this year 2008," Mr Phillip Borel Chairman of the Uganda Fish Processors Association (UFPEA) said in an interview with Business Power last week.
TheFishSite News Desk