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Another reason why the incompetent Farmaajo administration needs to go and fast.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.
Pathetic.
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
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