Somalia sells its sea for just $1 million

[Togdeer]

SFG gives license to Chinese companies to fish Somalia’s sees for just $1 million. It is estimated Somalia’s fishing industry has the potential to make billions annually. Meanwhile local fishermen are going to suffer big time trying to compete with big troller ships.

[Waachis]

Not smart at all, to say the least. Who approved of this?!

[SuldaanOfSanaag]

If that's true then it's a shame,1 million is alot and properly go to the pocket of a polictian, Somalis are not smart, i would advice him to reinvested the 1million on fishing boats or a jetty then we can compete with the Chinese, but I guess the status quo will continue and we will remain penurious and indigent people.



The people should call this out and ask how the money will be invested for the people of somalia, if he can't explain then he should give it to the ministr of planing so he/she can construct a jetty port in one of the fishing towns.

[SuldaanOfSanaag]

I also saw the Somaliland minister warning the mogdishu goverment that if any Chinese boats fish in Somalland waters then they will be arrested.

I agree with the Somaliland minister because the sfg goverment should charge the Chinese by quotation not just ask them for 1million, one yellow fin or blue fin tune can fetch up to 1million.


I think the Somalia minister hasn't done their home work.

[Togdeer]

The BBC would not post fake news about somalia. It’s a very reliable source.
Also where have all the Faqash kids gone?

[Nole]

Pathetic.

[Qaarxiye]

receipts?

[knet]

SFG gives license to Chinese companies to fish Somalia’s sees for just $1 million. It is estimated Somalia’s fishing industry has the potential to make billions annually. Meanwhile local fishermen are going to suffer big time trying to compete with big troller ships.

Another reason why the incompetent Farmaajo administration needs to go and fast.
Al Shabaab should do us a favor and bomb this fucker in his sleep!

[theyuusuf143]

1 million . WTF is that. One Chinese boat can take fish worth one million in single trip. We will rob the chinese if we see them around Somaliland territory. Even if they take the fish from Somalia we will rob them any way and charge them that they stole from us .

[barbarossa]

1 million dollars, and you guys are still complaining? Ilaahey u mahad naqa inaan la ii magaacibing wasiirka kaluumeysiga ee Soomaaliya. ani hadii la ii dhiibihi lahaa wasaarada kaluumeysiga, qandaraasadaas waxaan ku iibin lahaa free coffee for a year @ Tim Horton's, an estimated cash value of 617 CDN$.

[FarhanYare]

Pathetic.

Pathetic indeed. I really hope this is BS for the sake of Farmaajo.

[Voltage]

It's an international fishing license for 2-3 months, December to February. Seems about right. What did you expect?

Where I am an individual fishing permit is $25 per day foe individual and 500 commercial per day.

500X30 (days) = 15,000
15,000X3 (months) = 45,000
45, 000 X 30 (number of licenses) = 1,350,000

This isn't licenses being given to China the coountry, but probably a trade group representing Chinese fishing companies with their own bottom line and needed profitability

Seems reasonable

You guys are too much

[bashe19]

It's an international fishing license for 2-3 months, December to February. Seems about right. What did you expect?

Where I am an individual fishing permit is $25 per day foe individual and 500 commercial per day.

500X30 (days) = 15,000
15,000X3 (months) = 45,000
45, 000 X 30 (number of licenses) = 1,350,000

This isn't licenses being given to China the coountry, but probably a trade group representing Chinese fishing companies with their own bottom line and needed profitability

Seems reasonable

You guys are too much

Damiin far waawayn baa wax loogu qoraa

[Togdeer]

Yellow fin Tuna found in Indian Ocean, Gulf of Aden have an average wholesome price of $8.91

https://www.tridge.com/intelligences/ye ... tuna/price

Yellow fin tuna can reach weights of over 180kg, there are larger species such as big eye tuna. So the commercial company can catch 1 fish per day to brake even.

[AbdiWahab252]

So you would rather have illegal fishing?