Ice Machine Research package
Situated on the Atlantic coast and with a navigable river and tributaries that flow more than 1,100km inland, The Gambia is the ideal entry and exit point for West Africa and the Economic Community Of West African States (ECOWAS). This short document outlines:
1. The market opportunity for investment in ice plants
2. The favourable conditions available to investors
3. The support investors can expect to receive
4. The project risk and sustainability factors to be considered
INFRASTRUCTURE A dedicated fisheries facility commenced operation at the port in December 2012.9 Inauguration of the new Banjul fisheries Jetty in July 2013 (US$14mn project).10 Banjul port’s handling capacity9 : − 48 metric tonnes of bulk cargo per hour − 17 container moves (discharging and loading) per hour Other new infrastructure / upgrades in development: The Trans-Gambia bridge (completion due 2017) Improved cross-border trunk roads with Senegal Ports Expansion Programme underway – Gambia Ports Authority planning to build a second port on the Atlantic coast Ongoing infrastructure upgrades at Banjul International Airport THE GAMBIA’S FISHING COMMUNITY The Gambia is already home to a developed community of stakeholders in the seafood products industry (including businesses, industry associations and representative groups) – a few examples of these organisations are displayed below. The presence of these groups demonstrates The Gambia’s attractiveness and potential as a prime location in West Africa for investment in modern facilities, including ice plants.
THE GAMBIA’S FISHING COMMUNITY The Gambia is already home to a developed community of stakeholders in the seafood products industry (including businesses, industry associations and representative groups) – a few examples of these organisations are displayed below. The presence of these groups demonstrates The Gambia’s attractiveness and potential as a prime location in West Africa for investment in modern facilities, including ice plants.
The best Institutions quality in West Africa 134 landing sites in demand of related-fish processing facilities
British Foreign & Commonwealth Office website
3 rd Sub-Saharan country for ease of trade across border 3 West Africa’s most efficient labour market1 1 World Economic Forum- Global Competitiveness ranking, 2014 2 UNCTAD.
The fisheries sector in the Gambia: trade, value addition and social inclusiveness, with a focus on women 2014 3 Doing Business 2015.
FOUR GOOD REASONS TO CHOOSE THE GAMBIA
1 STRONG DEMAND AND ICE PRODUCTION POTENTIAL: Growing pressure on ice supply to meet export sanitary requirements (UNCTAD) Increasing production and exports of seafood products (GBOS)
2 COMPETITIVE INVESTMENT ENVIRONMENT: The best Institutions quality in West Africa (WEF 2014) West Africa’s most efficient labour market (WEF 2014) 5th lowest political risk level in the sub-Saharan Africa (AON)
3 STRONG AND IMPROVING INFRASTRUCTURE: Efficient port with dedicated fishing piers and competitive costs Availability of funds to upgrade & develop landing sites (AfDB) New and upgrade projects underway, including new Atlantic port and improved transport links with ECOWAS markets
4 ATTRACTIVE INCENTIVES, COMPETITIVE COSTS: Generous incentives for mid to large scale investment plans Competitive costs and fees Strong political support for investment in aquaculture
Accessed: ECONOMIC INDICATORS GDP 4 US$807mn in 2014 GDP growth 4 1.5% in 2014 Country risk 2nd lower risk score among West African countries after Ghana CPI Inflation (2014) 5.4% Exports / Imports value (2013)4
Exports: $106mn Imports: $350mn Labour force (2013) 4 774,000 FDI stock and inflows (2013)4 $754mn stock / $25mn inflows Currency exchange Rates 2015 Buy (B) and Sell (S)4 GMD/USD: 0.0239 (B) / 0.0257 (S) GMD/GBP: 0.0162 (B) / 0.0107 (S) GMD/EUR: 0.0214 (B) / 0.0230 (S) COMPETITIVE OPERATIONAL COSTS The Gambia has by far the most efficient labour market in West Africa5 and average daily wages are competitive when compared to other major African competitors. Labour cost unit in fisheries (US$ per year), including social security The Gambia Egypt Kenya Tunisia Morocco South Africa Senegal Nigeria Unskilled 1,165 2,138 2,432 3,453 5,071 4,987 1,617 5,200 Semi-skilled 1,747 6,632 7,056 8,192 12,377 16,006 4,248 10,400 Skilled 3,106 12,824 13,488 15,575 25,408 31,680 9,716 26,000 Highly skilled 15,530 63,720 67,020 49,927 94,291 87,246 46,637 93,668
GOVERNMENT POLICY POSITION
The Gambian Government recognizes the importance of private sector participation in the economy, both as an engine of growth and as a source of knowledge transfer. The Government’s fisheries policy is guided by the Fisheries Regulations (2008), the focus of which is the management of the fish resources at the level of the artisanal, industrial and aquaculture sub-sectors. The main policy objectives are to: Attract investment in the sector Improve handling and processing of fish and fishery products to conform to international standards The Government also plans to: Increase the number of accredited laboratories – supported by the EU-funded West African Quality Programme
Tanji Village (also spelt Tanjeh or Tanje), often called the Tanji Fishing Village, is close to the Atlantic Ocean beach, in the northern section of the Kombo South District, West Coast Region of The Gambia, in West Africa. The settlement is 30km by road from the capital of Banjul, and approximately 12km southwest of Kololi resort, and adjacent to the Kombo Coastal Road. The main ethnic groups are Mandinka, Wolof, Jola, and Serer, the last group are traditionally the fisherfolk, while the former are generally engaged in farming, crafts and petty trading. The village centre is located about 1km from the main fishing bay.
Based on the more popular weights, the average selling rate for a bag of ice is:
10 pound bag: $1 to $3.
16 pound bag: $1.25-$4.
20 pound bag: $1.75 to $6
The Gambia is a signatory to the ECOWAS pledge to have renewable energy account for 10 percent of the total energy generated in the country by 2020. Currently, 98 percent of the power generated and distributed by the National Water and Electricity Company (NAWEC) is sourced from fossil fuels. Several other viable options for renewable energy remain heavily underexplored.
Solar: The potential for solar energy is immense. The minimum daily solar production capacity of The Gambia is 4kWh solar power radiation per square meter. The National Development Plan (NDP) seeks to increase the share of renewable energy from 2 to 40 percent.
Wind: Wind energy is the only renewable source that has previously fed into the national grid, but this was short-lived due to mismanagement by the former regime. Most effective in the coastal region between the months of January and May, wind is a highly variable source of energy.
Bio-fuel: Biomass-based resources also offer an alternative source of energy. A large number of crops, such as groundnuts, have a huge residue-to-kernel ratio and could be a valuable supply source of bio-matter as fuel.
Start up cost
Facility 4000 yr
Electricity 5000 yr
Total start cost 23,000