Tanzania Anchors Blue Economy Future with $117 Million World Bank Project to Transform Fisheries and Aquaculture
DODOMA, Tanzania – In a move set to transform its maritime landscape, the Tanzanian government has officially launched a landmark USD 117 million (EUR 99 million) project aimed at modernizing its fisheries and aquaculture sectors. Funded primarily by the World Bank, the initiative marks one of the largest single investments in the nation’s “Blue Economy” to date.
The project, titled “Scaling-Up Sustainable Marine Fisheries and Aquaculture Management” (TASFAM), was unveiled in early February. Over the next five years, it aims to drastically boost seafood production, reduce post-harvest waste, and lift thousands of coastal residents out of poverty.
Ambitious Growth Targets
The scale of TASFAM is significant. According to World Bank projections, the project is expected to increase Tanzania’s aquaculture production from sustainable practices by 40,000 metric tons (MT) by 2028. By the time the five-year rollout concludes, officials hope to see that figure skyrocket to a total of 250,000 MT.
The impact will be felt directly on the ground—and on the water. Approximately 160,000 people across 28 coastal districts in mainland Tanzania and the Zanzibar archipelago are slated to benefit from the funding.
Three Pillars of Investment
The $117 million budget is strategically divided to address the various bottlenecks currently stifling the industry:
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Climate Resilience and Conservation ($14.49 million): This portion focuses on protecting the natural resources that sustain the industry. Funds will support 23 marine protected areas and bankroll ecosystem restoration programs in critical habitats to ensure long-term productivity in the face of climate change.
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Infrastructure and Value Chain Support ($72.23 million): The largest slice of the pie is dedicated to modernization. This includes providing fishers with safer, modern boats equipped with tracking systems and at-sea safety gear. Furthermore, the project will fund “climate-resilient” landing sites, fish markets, anchovy storage warehouses, and a new processing plant for sardines and small pelagic fish.
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Marine Aquaculture Boost ($18.4 million): Dedicated specifically to the “farming” of the sea, this funding will help scale up the production of high-value exports like seaweed and sea cucumbers, focusing on everything from seed production to international marketing.
Collaborative Funding
The financial muscle behind TASFAM comes from the World Bank’s International Development Association (IDA), which specializes in grants and low-interest loans for developing nations. Additional support is provided by PROBLUE, a multi-donor trust fund backed by a coalition of international partners, including the European Commission, the United States, Canada, and several European nations.
Economic Outlook
For Tanzania, the fisheries sector is more than just a source of food; it is a vital economic engine. By focusing on reducing post-harvest losses—which have historically plagued artisanal fishers due to a lack of cold storage and processing facilities—the government hopes to ensure that more of the catch makes it to market, providing better returns for local communities.
As the TASFAM project begins its five-year journey, it stands as a testament to Tanzania’s commitment to a sustainable, ocean-driven economy that balances industrial growth with environmental stewardship.
Tanzania Anchors Blue Economy Future with $117 Million World Bank Project to Transform Fisheries and Aquaculture
