Marine fisheries are very important to the economy and well being of coastal communities globally and especially so in developing and underdeveloped nations. An active fishing industry provides food security, job security, job opportunities, revenue and, in Djiboutiâ€™s case, vital export income as a result of weak domestic demand for fish and fish products. For Djibouti and many other developing countries in Africa, the annual fishing revenues and catch statistics as reported by the United Nationsâ€™ Food and Agricultural Organisation (FAO) lie significantly behind comparable coastlines of similar countries of equivalent opportunity.
DJIBAH SARL, a seafood specialty company registered in the Republic of Djibouti, was established to respond to international demand for seafood and, specifically, Portunus Pelagicus â€“ the Blue Swimming Crab. Fishing and processing of this product requires a modern, quality controlled processing plant to produce an end product to International standards. The management team of DJIBAH possess significant experience in seafood processing and exports, as well as demonstrable experience to catch, process and market up to 15,000 tons per annum (approx 40 tons per day). For this document, a conservative financial planning forecast has been stated to project an initial 4 tons per day with a growth rate to a 5 year steady state of 10 tons per day of crab.