The development of the Namibian marine fishing was made possible following the independence of Namibia in 1990, by the declaration of an EEZ of 200 nautical miles and the full control obtained over the marine resources.
Until 2020 it has been estimated that out of the more than 200 fleet that operate in Namibian waters, more than 80 percent are Namibian owned with the bulk of the catches exploit by the following fisheries.
The fishery sector contributes an average of 3.5 percent to Namibia’s real GDP. It is administered by the Ministry of Fisheries and Marine Resources (MFMR) and is regarded as an important sector because:
- it is the fourth-largest foreign currency earner (since 2012);
- it is a big employer, especially in the Erongo region, employing 25,000 people in 2012; and
- it has potential to contribute to the country’s food security and livelihood diversification.
Nearly half the harvested fish is exported to the SADC region, and domestic consumption is about 10 percent of the harvest. Fish exports increased by 42 percent since 2012 following larger catches and increased value addition.