Fisheries economics and trade

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Region:    Africa & Western Indian Ocean

Sustainable financing of LVFO institutions and development of a Business Plan Uganda, Kenya, Tanzania

Lake Victoria Fisheries Organisation - Project Dates:
May 2008 - July 2008

Description of Project:
Funding by Government of LVFO recurrent operational and programme costs was seriously inadequate in the three Partner States highlighting the urgent need for fiscal reform within the fisheries sector. A key component of the IFMP project was to ensure that fisheries institutions at all levels operated in an efficient, effective and coordinated manner and acquire long-term financial sustainability.

Services Provided:
This study identified costs and sustainable sources of funds to finance the LVFO and other relevant institutions, and developed a Business Plan for the LVFO which included a financial analysis of the recurrent operational costs of LVFO institutions, programme costs for implementing the Lake Victoria Fisheries Management Plan and sources and magnitude of incoming revenue.