Liberia’s fisheries sector has reached a milestone with the launch of its first fiberglass fishing vessel production site in Banjor.
Key Highlights
- Innovative Initiative: The project, funded by the World Bank, aims to modernize Liberia’s artisanal fisheries and promote sustainability.
- Fiberglass Vessels: The new vessels are durable, environmentally friendly, and better suited for Liberia’s marine environment.
- Sustainable Business Model: NaFAA plans to introduce a new business model, where selected entrepreneurs will manage and maintain the vessels.
Benefits and Implications
- Environmental Conservation: The fiberglass vessels will reduce reliance on wooden canoes, contributing to deforestation reduction efforts.
- Economic Growth: The project aims to empower local fishers and stimulate economic growth in coastal communities.
- Climate Goals: The initiative aligns with global climate goals and Liberia’s national emissions reduction targets.
Next Steps
- Pilot Project: The first phase will see 23 fiberglass boats managed by selected entrepreneurs.
- Expansion Plans: The project may expand to the southeastern region based on demand.
- Sustainability: The vessels will be powered by solar energy outboard engines, reducing operating costs and environmental impact [1].
Top image credit: New Fishing Site, Terminal in Liberia Brings Better Fish and More Jobs by World Bank CC
