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The African Continental Free Trade Area (AfCFTA), in partnership with the Mastercard Foundation and TradeMark Africa, announced a four-year fisheries program to be implemented across seven countries to enable over 240,000 work opportunities and boost trade in fish and fish products. This initiative anticipates to reach the target of USD 100 million by 2028.
The African Continental Free Trade Area (AfCFTA), in partnership with the Mastercard Foundation and TradeMark Africa, announced a four-year fisheries program to be implemented across seven countries to enable over 240,000 work opportunities and boost trade in fish and fish products. This initiative anticipates to reach the target of USD 100 million by 2028. The “Women and Youth Economic Empowerment in Fisheries” program will enhance the participation of women and youth in fisheries in line with the adopted AfCFTA Protocol on Women and Youth in Trade. This announcement was made during the 14th Meeting of the Council of Ministers responsible for Trade in Zanzibar. The program is designed to address structural challenges women and youth face when participating in the fisheries value chain. It will offer training, facilitate access to markets and finance, catalyze supply chain linkages, create digital solutions, simplify trade regimes, enhance compliance to standards, and enable streamlined cross-border market access.
The program is a culmination of work between the AfCFTA Secretariat and the Mastercard Foundation. This work started with the development of the AfCFTA private sector strategy, where priority value chains were identified to boost intra-Africa trade and production. Trademark Africa will implement the program to benefit Small, Medium and Micro Enterprises (SMMEs) in Kenya, Uganda, Tanzania, the Democratic Republic of Congo (DRC), Zambia, Nigeria and selected Island states.
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Africa’s fisheries sector plays a major role in food security and the economic well-being for millions of households, with the World Bank noting that the industry employs at least 12 million people. The majority of these are said to be women involved in processing, marketing, and post-harvest processes. While the AfCFTA presents a unified preferential market opportunity, women and youth may not automatically benefit from such prospects if they are not adequately supported.
