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

 

Significant increase in cross border cargo volumes

1 month - 17 December 2018 | Business

The Walvis Bay Corridors are unquestionably growing as alternative trade routes for international markets to and from southern Africa, with various commodities moved via the...

Multimillion dollar plant inaugurated

1 month - 10 December 2018 | Business

Leandrea Louw - Erongo Governor Cleophas Mutjivikua welcomed the establishment of the N$190 million Peugeot Opel Assembly Nambia Plant in Walvis Bay and commended the...

Oceana Group celebrates 100 years

1 month - 26 November 2018 | Business

Leandrea Louw The Oceana Group founded in 1918 celebrated its 100 years of existence.Oceana is the largest fishing company in Africa. The core...

Namport responds to syncrolift issues

1 month - 26 November 2018 | Business

Whilst Namport does not want to drive up the costs of repairing vessels at the Walvis Bay syncrolift, the port authority has to protect the...

Contractors ­unhappy at syncrolift

1 month - 19 November 2018 | Business

A memorandum on new environmental compliance obligations taking effect on 1 December could cause more harm than good say contractors at the syncrolift in Walvis...

Dunes Mall prospers

2 months ago - 12 November 2018 | Business

Otis Finck - Dunes Mall recently celebrated its first anniversary. The shopping mall, which is the second largest in Namibia, after Atterbury's The Grove...

Etosha earns more accolades

2 months ago - 12 November 2018 | Business

Etosha Fishing Corporation won three of the five large enterprise categories at the 6th Annual National Quality Awards hosted by the Namibian Standards Institution (NSI)...

SMEs capitalise on SWAiTEX

3 months ago - 15 October 2018 | Business

Adolf Kaure The sixth edition of the Swakopmund International Trade Expo (SWAiTEX) took place at The Dome in Swakopmund this week under the theme Local...

N$44 million factory for Walvis Bay

3 months ago - 24 September 2018 | Business

Leandrea Louw Merlus Fishing in Walvis Bay launched their N$44 million Seagull fish processor wet fish and long line factory plant last week Friday. The...

Solar-powered bikes help in conservation

3 months ago - 24 September 2018 | Business

Yolanda Nel In an effort to help conservation and anti-poaching units in the country, Windhoek-based SunCycles aims to make E-bikes available to game...

Latest News

Hundreds of illegal weapons confiscated...

1 week ago - 07 January 2019 | Crime

Leandrea Louw - A total of 181 cases were reported in the Erongo region from 26 January to 4 January, during the nationwide launch of...

Meet Miss Touchies 2018

1 week ago - 05 January 2019 | Others

Leandrea Louw - Asnee Miller (18) from Walvis Bay was crowned as Miss Touchies 2018. Her first princess was Nelmari Louw (20) from Cape...

Local learner pockets treasure hunt...

2 weeks ago - 31 December 2018 | Others

Anneke Burger (17) a learner at Pro-Ed Academy fished out the key to the treasure chest containing N$100 000 at the annual Treasure Hunt hosted...

Ensuring a sustainable coastal water...

2 weeks ago - 31 December 2018 | Local News

Leandrea Louw - A governmental technical committee has shot down a proposal by the Erongo Water Forum (EWF) to acquire the current Areva desalination plant...

CRIME BRIEFS

2 weeks ago - 31 December 2018 | Crime

Son discovers decomposed body of father The semi-decomposed body of Karel Heinz Traupe (76) was discovered in Swakopmund. Deputy Commissioner Erastus Iikuyu...

Lottering hooks angling bonanza catch...

2 weeks ago - 31 December 2018 | Events

Leandrea Louw - The 31st angling bonanza held at Henties Bay saw Cornè Lottering catching and weighing in a kabeljou of 18.6kg. His massive...

Bank branch staff donate towards...

3 weeks ago - 27 December 2018 | Others

Standard Bank’s central region branch staff donated N$70 743 to the Shack Dwellers Federation of Namibia (SDFN) as part of their annual Christmas gift to...

Amnesty period approved

3 weeks ago - 24 December 2018 | Local News

Leandrea Louw - The Walvis Bay municipality has announced an amnesty period effective from 1 December to 31 May next year for the settlement of...

ERC launches five-year strategic plan...

3 weeks ago - 24 December 2018 | Government

Adolf Kaure -The Erongo regional council (ERC) launched its five-year strategic plan for the period 2017/2018 to 2021/2022 at the Mondesa Multipurpose Centre in Swakopmund...

Load More