Hangana revives abalone farm

17 September 2018 | Business

The minister of fisheries and marine resources, Bernard Esau, officially launched the Hangana Abalone Farm in Lüderitz on 7 September.

Esau hailed the revival of the abalone farm at a cost of approximately N$40 million (including N$ 13 million paid for the old farm) by the Ohlthaver & List Group, through its subsidiary company Hangana Seafood, as a remarkable investment in Namibia’s mariculture subsector.

“This investment will expand abalone production capacity from the current 35 metric tons (MT) annually to 300 MT in the next 4 years. The farm will also employ approximately 300 Namibians when it becomes fully operational.”

Esau said the investment demonstrates there are lucrative investment opportunities other than fishing rights and quotas in Namibia’s coast.

“Abalone production in Lüderitz and all along the coast of Namibia is sustainable as it only needs kelp to feed it. We must continue to encourage aquaculture, including cage culture, ranching, on-shore and inland aquaculture because this is the future of our fisheries. Government is keen to ease pressure on our marine fish stocks by encouraging mariculture and inland aquaculture as a means to increasing our total fisheries and marine resources production.”

Esau also pointed out that abalone farming is ecologically and economically viable in Namibia and a lucrative product with the market demand far exceeding global supply.

“With prices exceeding N$500 per abalone, poaching of this marine species is a global problem with governments closely cooperating on combating it,” said Esau.

“Abalone is a very popular protein across the globe. The Hangana Abalone Farm will mean an expansion of Namibia’s footprint on the global front in terms of fish supply, and it could set us apart as a leader, internationally, as abalone is a much loved delicacy, especially in fine-dining,” said Hangana Seafood MD Herman Theron.

“We could not sit back and watch this goldmine of potential for Namibia go to waste. We saw the need for this treasure to be revived and rejuvenated, and we grabbed the opportunity. A further N$20 million will be invested over the next 12 to 16 months.”

Abalone is a type of large snail which is slow-growing and takes eight to nine years to reach the minimum legal size (114 mm shell breadth). In South Africa the name abalone refers to Haliotis midae “perlemoen”. This name comes from the Dutch term Paarlemoer, meaning “mother of pearl”.

The main export market for Hangana abalone is Asia where it has long been appreciated for its health benefits. Farmed abalone is low in fat and a good source of omega 3, iodine and phosphorous (phosphate).

Similar News

 

Coffee at its best

2 weeks ago - 10 June 2019 | Business

A.M Brew Coffee World owner Stephanie Brayshaw loves to talk about coffee, and looks forward to receiving visitors at her establishment. The answer...

Navachab throws town a lifeline

2 weeks ago - 09 June 2019 | Business

Karibib Navachab Gold Mine has through various interventionist financial strategies managed to improve its financial position from a negative cash flow of...

Swakop Sport celebrates 10 years

1 month - 13 May 2019 | Business

Specializing in sports gear, Swakop Sport is a family owned business, which is located at Shoprite Centre in Swakopmund. The store carries an extensive range...

For all your real estate needs

2 months ago - 15 April 2019 | Business

AdvertorialImperial Properties, located in Nangolo Mbumba Street, Walvis Bay (next to Suidwes Total), serves the coastal towns of Walvis Bay and Swakopmund and facilitates...

Coffee shop with a difference

2 months ago - 08 April 2019 | Business

If you’re looking for a place to relax and recover from your every day burdens, pop in at Cornerstone Christian Bookshop and Cake Décor shop...

Spot-On, the go-to caterer in town

2 months ago - 01 April 2019 | Business

Spot-On Catering celebrates its 20th anniversary in July. The business was established in 1999 as an addition to the existing Spot-On Shopping Centre that has...

Serving the best ice cream in town

3 months ago - 18 March 2019 | Business

A warm welcoming smile greets many who visit Ice and Spice Café, situated at Ankerplatz in 11 Sam Nujoma Avenue in Swakopmund..It is the place...

Internship programme enhances skills

3 months ago - 18 March 2019 | Business

Erongo Marine Enterprises (EME) has given four students from the Namibia University of Science and Technology (Nust) the opportunity to hone their skills in the...

EBHN trims work force further

3 months ago - 18 March 2019 | Business

Elgin Brown & Hamer Namibia (EBHN) confirmed on 12 March that the company has entered into another round of retrenchments. The company said via a...

Silver jubilee celebrations for Malherbe

3 months ago - 11 March 2019 | Business

ADVERTORIAL Leandrea Louw - Malherbe Associates Incorporated based in Walvis Bay are celebrating 25 years of providing affordable, reliable legal aid services to...

Latest News

TIDES

12 hours ago | Others

22 December - ThursdayLow 03:57 High 10:37 Low ...

Pronk wins silver medal at...

3 days ago - 24 June 2019 | Sports

ContributedSwakopmund-based karateka Suzelle Pronk (27) made Namibia proud with a silver medal winning performance for senior female kata at the 1st African Beach Games which...

Elite cricket training squad announced...

3 days ago - 24 June 2019 | Sports

Cricket Namibia released the names of members of the elite men’s squad for the 2019-2020 season. Captain Merwe Erasmus will lead the team consisting...

Namibia is surprise package at...

3 days ago - 24 June 2019 | Sports

Walvis Bay - Adolf KaureNamibia’s leading soccer player agent, Collin April, says the Brave Warriors will surprise a lot of people at the 2019 CAF...

Kudus slaughtered ...

3 days ago - 24 June 2019 | Sports

Narraville - Adolf Kaure Wanderers ran amok in Narraville and defeated Kudu Rugby Club (KRC) 60-31 in a Namibian Rugby Union (NRU) Premier...

# namibiabeactive

3 days ago - 24 June 2019 | Sports

Nedbank Citi Dash organiser Patrick de Goede (in red shirt) confirmed that the number of participants at this year’s event were just shy of 2500....

Maak reg vir die Hentiesfees

4 days ago - 23 June 2019 | Events

Hentiesbaai • Otis Finck Die Hentiesfees 2019 vind hierdie jaar weer oor 'n langnaweek plaas, op 23 en 24 Augustus, by die sportgronde van...

Swakopmund is town of the...

4 days ago - 23 June 2019 | Local News

The coastal “popular holiday destination” town of Swakopmund became Namibia's second reci­pient of the coveted kykNET Kwêla Town of the Year competition title.Henties Bay won...

Progress for Narraville shack dwellers

4 days ago - 23 June 2019 | Infrastructure

Narraville - Otis Finck The chairperson of the Narraville-based Namibian Shack Dwellers Federation (NSDF) network, Francisco Maree, says things are finally starting to happen...

Load More