SDG Investor Map - Seychelles 2023
Semi-Industrial Commercial Fishing
Business Model
Harvesting fish using artisanal fishery techniques or semi-
industrial long-line fishery techniques to catch demersal
and pelagic fish species to sell in the domestic market and
for export to the AfCFTA and EU.
Development Need
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Stability of fisheries in terms of catch is under scrutiny due
to fishing size and methods. Although highly regulated
by the government of Seychelles licensing structures and
the Indian Ocean Tuna Commission, yellowfin tuna, one
of the main targeted fish species, and other stocks in the
demersal fishery, are already overfished.
Fishers lack adequate infrastructure like markets, ice-
making plants, repair areas, and modern fishing vessels.
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Emerging Potential
Revenue from fresh, frozen and processed fish exports
accounted for almost USD 550 million in 2021, owing to
an extensive Exclusive Economic Zone of 1.35 million km²,
situated within the Western Indian Ocean where approximately
14% of the value of global tuna catch is sourced.
In 2021, the Seychelles Fishing Authority undertook six
artisanal fishing projects in the districts of Baie Sainte Anne
in Praslin, Glacis, lle Perseverance, Cascade, Anse Aux Pins
and Grand Anse Praslin.
The European Union-Seychelles Sustainable Fisheries
Partnership Agreement (SFPA) guarantees a total of
€2.8 million each year for the promotion of sustainable
management of fisheries in Seychelles and the
development of small-scale fisheries.
The ratification of the AfCFTA will allow Seychelles to
diversify beyond European markets and assure economic
stability.View entire presentation