The ambition is based on the Project to Support the Development of the Value Chain in the Fishing and Aquaculture Sector, which has been allocated a budget of 36.7 billion FCFA (44.8 million units of account) by the African Development Bank. The objective by 2027 is to increase global production to 27,791 tons per year, compared to an initial capacity of 9,665 tons.

However, the deployment of operations has been delayed since the first disbursement of funds in 2020. Artisanal catches have plateaued at 9,000 tons, with a target set at 22,400 tons, marking a marginal increase of 1,000 tons. Industrial and aquaculture segments have stagnated at 650 tons and 15 tons, respectively, far from the projected 1,300 tons and 4,091 tons. Despite this inertia, the multilateral financial institution's auditors note that 80% of the action plan validated in 2025 has been executed, paving the way for the consumption of the remaining 52.24% of available credits before the closing date set for June 2027.

The restructuring of the fishing sector responds to immediate economic urgencies. Equatorial Guinea's national demand reaches 100,000 tons per year, forcing the state to solicit foreign suppliers. The bill for fish imports represented 9.1 billion FCFA in 2024, absorbing 10% of the country's global budget allocated to external purchases. The recovery of local production capacities will alleviate the pressure on foreign exchange reserves while positioning the Equatoguinean economy among the fishing suppliers in the CEMAC zone.


Ndjomo Carlos

Tags: pêche aquaculture guinée équatoriale exportations développement économique secteur halieutique banque africaine de développement production de poissons économie africaine développement durable