By Hilary Mare
HANGANA Seafood – a subsidiary of the Ohlthaver & List (O&L) Group will in the next 12 to 16 month invest a further N$20 million in its recently launched Hangana Abalone Farm in Luderitz, the firm’s Managing Director, Herman Theron has said.
So far, Hangana Seafood has already invested N$40 million in Hangana Abalone Farm since 2016.
Speaking at the inaugural launch of the abalone farm last Friday, Theron highlighted that the Hangana Abalone Farm has a current capacity of 35 Metric Tons, with a potential growth of 300 Metric Tons over the next 3 years. This will see the creation of 300 job opportunities and will provide for a stronger footprint of Hangana Seafood, and Namibia internationally.
“Namibia is rich in resources, with unlimited potential in the beautiful Atlantic ocean. And as a leader in the local fishing sector, Hangana Seafood is proud of this new development and venture we are about to embark on. Proud for many reasons of course, but more proud that this could be our opportunity, as a proudly Namibian entity, to up the nation’s game in fish produce on a local and global level. The Hangana Abalone Farm will mean an expansion of Namibia’s footprint on the global front in terms of fish supply, and it could set us apart as a leader, internationally, as Abalone is a much loved delicacy, especially in fine-dining,” added Theron.
Echoing these views, O&L Executive Chairman, Sven Thieme referred to this development as a result of breakthrough thinking – a concept relevant to the future of the Namibian economy.
“The Hangana Abalone Farm was identified as a huge opportunity to invest in the Karas region by creating employment for the people and community, and in so doing uplifting the lives of our fellow Namibians, in particular the community of Lüderitz,” he said.
Thieme further stressed that Namibia is a country blessed with unique resources from agriculture to mining, fishing and tourism.
“We have these sectors and resources that we can use to our full advantage especially when it comes to attracting foreign investment. However, in achieving the ideals and objectives of Vision 2030, it is up to you and me, through our dedication and commitment to bring Vision 2030 to life. Therefore, let’s not only put our hopes on fishing, mining, tourism etc., but let’s create industries beyond such as aqua culture, medical centres, expertise centres, like Singapore and other places have done when they were not limited by what they have, but decided to create what they don’t have,” he added.
Minister of Fisheries and Marine Resources, Bernard Esau, who officiated the event, and delivered the keynote address, said this investment demonstrated that there are lucrative investment opportunities at the Namibian coast, other than just fishing rights and quotas.
“To the O&L Group and Hangana Seafood, I wish to say that you are demonstrating, through concrete actions, that you are serious about creating jobs, investing in fisheries, and giving meaning to the Government’s call to develop this country.”
Esau further stressed on the potential Abalone farming has in Namibia saying: “Abalone farming is ecologically and economically viable in Namibia, and it is a lucrative product whose market demand far exceeds global supply. Abalone production here in Lüderitz, and indeed all along the coast of Namibia is sustainable as it only needs kelp, a type of seaweed, to feed it. I understand that abalone is to the sea what rhinos are to land. With prices exceeding N$500 per abalone, poaching of this marine species in the wild is a global problem that all governments are closely cooperating on. I once again congratulate O&L and Hangana Seafood for this serious initiative. I call upon other investors in Namibia and beyond to come and invest in our Mari culture subsector. Come and explore the great opportunities in growing your own fish and other marine species, because the global demand for these products is ever increasing, it is far beyond global supply. Let us together join hands to develop our fisheries sector,” he said.
Currently, the main export market for Hangana Abalone is Asia, more particular Hong Kong.
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