When it comes to fishing, one country comes to mind; it’s none other than Somalia. The country is famous for many reasons such as its telecommunications industry, livestock, construction, and remittances. But the major share of its GDP comes from the fishing industry. This industry is operated by both traditional methods like artisanal fishing practices and modern technology such as commercial fishing operations using technology. This success of the Somali fishing business brings other countries on Somalian grounds. Here, these foreign businesses need help from the best translation agency to complete their paperwork with accuracy and precision.

In this read, we are going to talk about the Somali fishing business and how other businesses from around the world are eager to invest in this booming industry to take their share of the revenue. Other than that, we also discuss one of the most important areas where you need to work to make yourself known in Somalia, the Somali language and the role of translation.

Somalia’s Fishing Industry

First of all, let's talk about the huge fishing industry in Somalia. This country boasts its longest coastline in continental Africa which stretches over 3,330 kilometers. Its Exclusive Economic Zone (EEZ) covers 2.5 million square kilometers, filled with diverse marine life. This marine life mainly consists of tuna, marlin, shrimp, and lobster. Somalia harvests more than 200,000 metric tons of fish annually. This is just the number of its fish production, just imagine the extent of revenue that Somalia generates from this fish production. Now you get why fishing is one of the booming industries of Somalia and why the world is enthusiastic to become a part of this industry.

And guess what these interested countries need to invest in Somalia’s fishing? Of course, money is the first thing but what after that? They need market knowledge and a solution to eliminate the language barrier. Now for market knowledge, businesses need to do market research and for the Somali language, these businesses can hire translators from a Somali translation company. But don't worry, because we are going to talk about all of this.

Let’s Talk About Somalia’s Marine Resources

We know that Somalia harvests over 200,000 metric tons of fish annually. This boosts the country’s food security and generates potential revenue. 6,000 metric tons of this 200,000 is just contributed by local fishers that use traditional methods to catch fish.

Regulations Imposed By the Government

The Somali government plays a crucial role in imposing regulations so that the fishing industry works on a just basis. The 2014 Somali Fisheries Law is established by the government as the legal framework for managing fishing resources. This law also states how Somalia can work with foreign organizations to keep its law and order in balance.

• Somalia is partnering with international organizations to improve monitoring and enforcement capabilities to combat illegal fishing practices that lessen its fish stock.

• The Somali government issues fishing licenses to regulate access to Somali waters and prevent overfishing. This does not cause a decrease in marine life.

• Regulations also aim to minimize unwanted species caught in fishing gear and protect vulnerable marine habitats like coral reefs.

The whole point of these regulations is to save the marine ecosystems and establish a system where Somalia can conduct its fishing business.

Opportunities For International Collaboration

There is a huge space for international companies to invest in the Somali fishing industry. For instance, modern port facilities, cold storage, and processing plants are crucial for efficient handling and value addition to catches. Unfortunately, Somalia currently lacks this infrastructure, which hinders its profitability and creates logistical challenges. Here foreign companies can invest in providing this infrastructure that will help both Somalia and these countries to earn great profit. With the help of an authentic Somali translation company, international businesses collaborate with the Somali fishing industry.

Other than that, many Somali fishers use traditional methods and lack training in modern fishing techniques, sustainable practices, and post-harvest handling. This lack brings a lag in the process and it takes a longer time to catch fish. But here is a plus point for international businesses. They can invest in training programs or even open fishing training centers in Somalia to educate people to cover this loss. This will ensure the long-term health of the marine ecosystem and also will require less effort from the fishermen's side. Also, it will save these fishers a great amount of time.

Focus on Other Languages

Other than the Somali language, businesses also need to focus on what other languages are spoken in Somalia so that they can carry out their business. After Somali, Arabic is the most spoken language. So what these businesses need is to consult the best translation agency and translate their marketing and education programs (if they are offering those programs on fishing) into Arabic language.

Final Words!

To sum up, yes it is a wise decision to invest in the Somali fishing industry as it is one of the lucrative industries for not only Somalia itself but also for international businesses. Language is an important part of Somalian identity so businesses need to focus on that.