The Fish value chain is one of the several other priority value chains which the bank have developed an intervention strategy. However, the fish value chain has a unique opportunity due to the global decline in fish stock – from natural fishing – while the demand is ever increasing. The implication of a declining fish stock in the traditional fish sector imply that there is a significant opportunity for aquaculture development. Indeed fish is one of the most traded food commodity in the global market with revenues well above $153 billion. The declining fish stocks from traditional sources creates a huge opportunity for countries like Tanzania which is well endowed with water bodies ranging from sea, lakes to rivers. The ever increasing population growth could only make the demand even better.
Water is arguably our most important and yet undervalued resource. Not only does it sustain life, but it is a critical enabler of the activities that drive our economy. Agriculture, a mainstay of Tanzanian livelihoods, constitutes 30 percent of the country's GDP, employs nearly 70 percent of the population, and accounts for over 80 percent of water consumed. Put another way, water and food security are inextricably linked.