Welcoming Cabo Verde in SVC4SIDS

500 km off the coast of Senegal, in the Atlantic Ocean, an archipelago of ten islands and eight islets forms the Republic of Cabo Verde. Cabo Verde has more than 1 000 km of coastline on which about 80 percent of its population of an estimate of 500 000 inhabitants live: its distinctive characteristics make the fisheries fundamental for livelihoods and the economy. In 2018, the sector provided employment to 6 283 full time marine fishers and per capita fish consumption was 11.2 kg, mostly ensured by artisanal fishing in the form of fresh fish. National production totalled 26 600 tonnes in 2018 and was shared between local consumption, and export, which plays a crucial role in Cabo Verde’s economy, as it contributes to almost 80 percent of the total country exports, valued at USD 61 millions.

Source: FAO FishStat
Traded products include both caught marine species and fishmeal, mainly used for poultry feed
* Please see here HS codes
Source: FAO Globefish, 2018

With such characteristics, it is paramount to support the fishing industry of the small state, and enhance its capacity by strengthening the potential of the sector.

The Food and Agriculture Organization of the United Nations (FAO) is collaborating with the Ministry of  Sea of the Republic of Cabo Verde to further develop the sector through the project “Sustainable Fish Value Chains for Small Island Developing States (SVC4SIDS)”.

The project is funded by the Ministry of Oceans and Fisheries of the Republic of Korea within the framework of the Korea FAO Sustainable and Innovative Fisheries and Aquaculture Programme (KOFAP) and seeks to enable more efficient fisheries mechanisms in a sustainable matter. To achieve this, SVC4SIDS will work to improve the efficiency of fish value chains in selected species to move towards the achievement of the Sustainable Development Goals. FAO will deploy through the SVC4SIDS all its expertise to attain more sustainable fish value chains and implement plans of action related to economic, environmental, and social pillars of sustainability. In the last years, the Cabo Verde Government has put many efforts in fostering the Blue Growth, to support a sustainable growth of the fisheries sector in the country. SVC4SIDS aims to nurture the development of it in a strategic way: to achieve this, the Project will analyze and identify possible bottlenecks in fisheries value chains in Cabo Verde through a value chain analysis (VCA) conducted with the FAO Sustainable Food Value Chains (SFVC) methodology.

The results of the analysis will help to identify inefficiencies and opportunities pertaining to social, economic and environmental dimensions and consequently lead to an intervention to boost and improve the local fish value chains, particularly on species of higher trade value. In fact, the SVC4SIDS Project focuses on the value chains associated with high-value species to enable enterprises to strengthen their markets access while contributing to sustainable production and trade in fishery products.

The project will work with a multilevel methodology, looking for engagement of all involved stakeholders. In a comprehensive approach, the project also seeks to assist Micro Small and Medium Enterprise (MSME) to examine and develop financing and investment opportunities in order to expand trade opportunities.

Paulo Jorge Lima Veiga, Ministry of Sea of the Republic of Cabo Verde and Ana Laura Touza, FAO Representative in Cabo Verde, formalized the project agreement on 3 August 2021.