Aquaculture

Aquaculture

Two major types of AQUACULTURE have been identified as key investment opportunities across the SWIO region:

ABALONE RANCHING

The creation of a community-led abalone ranching program, where excess abalone spat sourced directly from farms, is returned to ocean to reseed reefs to grow under natural conditions until harvested. This method avoids the land acquisition and capex costs associated with farming and provides jobs and improved livelihoods for the local community.
Stage of development

Concept.

Revenue streams

Product sales.

Beneficiaries

Ranching is expected to be run by the local communities implying job creation from operations, sales, management, security, etc.

Existing funders active in the seascape

BMZ (Federal Ministry of Economic Cooperation and Development) – with the objectives of improved governance & livelihoods.

WWF’s role is to

WWF aims to align stakeholders (obtain buy-in from the communities and secure funding), and to undertake the feasibility study.

Investment potential

+ Clear revenue stream.
+ Substantial market potential in Asia (specifically China).
+ Limited infrastructure CAPEX.

– Time-to-market to be covered by investment (4/5 years to obtain first revenues).
– Security of production.

Social impact
  1. Job creation.
  2. Improved livelihoods.
Environmental impact
  1. Reseeding.
  2. Limited coastal footprint.
  3. Limited to no energy or feed required.
Resource needs and key enablers
  • Technical assistance for community engagement.
  • Development of technical skills – an internal mangrove restoration skills gap exists (currently provided by Adel Sofalaand Wetlands International).
  • Building capacity for monitoring, reseeding.
  • Building capacity for security.
Expected profitability

Intermediate – on the West Coast of South Africa as abalone ranching requires specific conditions.

Risks and challenges
  • Legal: abalone exports are subject to international compliance.
  • Security linked to high-end product (theft, crime).
Expected profitability

To be investigated further with the feasibility study.

Next steps
  • Next step: further Strategic Livelihood Projects workshops to obtain buy-in from community.
  • Apply for funding from BMZ for feasibility study/proof of concept.
  • Get approval from national/regional Government.
Stage of development
Scalability of project
Replicability of model
Investment potential

SEAWEED FARMING

Investing in seaweed production as an alternative sustainable income stream for coastal communities and to provide climate change mitigation and adaptation benefits.
TARGETED INCOME
STREAM OF
$
PER YEAR PER FARMER
(~50% UPLIFT)
Capacity building
Projects delivery and management skills building.
Business planning
Business model development to determine investment need.
Strategic governance
Develop robust project governance model.
Post-investment support
Support for community-led M&E.
Seaweed farming implemented as an alternative income generating activity to reduce overfishing and empower women within local communities. Farmers sell harvested seaweed at a fair price to a dried seaweed exporting company, who in turn sells the products into the international (European) market.
Stage of development

Stage of development.

Revenue streams

Sale of dried seaweed.

Beneficiaries

Empowered women and their households.

Existing partners

PCI Media, Adel Sofala, Kukumbi, Wetland International, Save Our Mangroves Now, IUCN and Eduardo Mondlane University.

Existing funders active in the seascape

OceanFarmers, Wildlife Conservation Society.

WWF’s role is to

WWF has provided training, and technical support.

Investment potential

+ Similar successful projects in the region (piloted by Blue Ventures).
+ Increasing global demand.

– Access to market.
– Sales and marketing abilities.

Social impact
  1. Job creation.
  2. Improved livelihoods.
Environmental impact
  1. Reseeding.
  2. Limited coastal footprint.
  3. Limited to no energy or feed required.
Resource needs and key enablers
  • Technical assistance for community engagement.
  • Development of technical skills –an internal mangrove restoration skills gap
    exists (currently provided by Adel Sofalaand Wetlands International).
Expected profitability

To be investigated further with the feasibility study.

Stage of development
Scalability of project
Replicability of model
Investment potential

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    Tourism
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