Value chains of mackerel scad and tuna-like species caught by the semi-industrial fishing fleet of Cabo Verde - Summary report


This report was developed under the Korean-funded “Sustainable Fish Value Chains for Small Island Developing States” project. The project aims to contribute to economic growth, job creation, and food and nutrition security. This publication summarizes a much more detailed report focusing on the semi-industrial value chains of mackerel scad and tuna-like species in Cabo Verde. It reveals that the artisanal and semi-industrial fleets represent 97 percent of total catches. The semi-industrial fleet is concentrated mainly on Santiago, São Vicente, and São Nicolau islands, with the associated value chains generating almost 9110 direct jobs. Most landings of the target species are processed into canned products, which in turn make up most exports especially to the European Union. Theremainder, notably on other islands, supply the local market. The business environment is favourable, with ongoing improvements. The sustainability analysis contained in this publication assesses the economic performance, environmental impact, social aspects, and resilience to climate change. The report identifies strengths, weaknesses, opportunities, and threats and formulates a 10-year upgrading strategy to achieve environmental sustainability, and socioeconomic development through improved financing and investment opportunities, and enhanced economic performance of micro, small and medium-sized enterprises.