Zanzibar lies on the crossroads of rare marine resources and biodiversity with unlimited potential for development of fishing industry. Most of fishing activities in Zanzibar are small-scale; taking place along coastal reefs using traditional methods and crafts. Demand for fish is increasing as tourist hotels and restaurants seek high value species such as sword fish, squid, octopus, crab, marlin, snappers, prawns, tuna and kingfish.
Investors are free to choose suitable areas for investment in:
Deep Sea Fishing (snappers, emperors, tuna, sword fish, marlin, king fish and sailfish)
Establishment of landing sites facilities
Establishment of cold storage facilities and ice making plant
Establishment of dry-dock facilities
Fish/marine processing and canning
Aqua/Mari culture (fish, shrimps, lobsters, seaweed and ‘pinctada sp.)
Seaweed farming is a well-established industry in Zanzibar. It has created more than 25,000 jobs to indigenous people, especially women and gives them an opportunity to earn an income for themselves and their families. Zanzibar is a third largest exporter of seaweed in the world, after the Philippines and Indonesia. Her exports for spinosumreached 15,000 tons in 2012. However, production of cottonii which is grown in deep water was less than 600 tons.
There is great potential for investors to increase seaweed production specifically cottonii and produce seaweed byproduct such as perfumes, shampoo, toothpaste, medicines, ice cream, milk shakes, and yoghurt by using seaweed extracts such as carrageen, agar, and alginates as gelling substances, stabilizers and emulsifiers.