The objective of this study is to assess key constraints along the fisheries value chain in Sierra Leone and to identify opportunities, to generate greater returns and incentives for increased local and foreign direct investments.
The Sierra Leone Growth Pole diagnostic study identified three viable growth poles - the Northern growth pole, Coastal growth pole, and South-Eastern growth pole - to undertake coordinated investments in various sectors with a view to support self-sustaining industrialisation across the country. Within these growth poles iron ore mining, agriculture and tourism have been identified as priority sectors for driving growth and creating stable jobs.
Priority sectors for value chain interventions
Within agriculture, rice, cocoa, coffee, palm oil, cassava and fisheries offer good potential for driving sector growth and strengthening dynamic linkages to other parts of the economy. Initial analysis by Government of Sierra Leone, World Bank Country team, and other donors resulted in the selection of Rice and Fisheries as priority sectors for value chain interventions. This process of designing strategies and business plans for these interventions however call for more in-depth value chain analysis, spanning production, processing, post-harvest industry, and trading development.
Generating greater returns and incentives
The objective of the study is to assess key constraints along fisheries value chain and identify opportunities to generate greater returns and incentives for increased local and foreign direct investments. The study will not carry out a full-fledged value chain analysis in the fisheries sector but will build on existing studies that have been conducted by the World Bank and other development agencies. A validation exercise will however be used to confirm strategic choices and/or suggest alternatives options. In addition, the study will complement the validation exercise with additional data and analysis that will inform bank strategies and interventions in fisheries value chains as well as policy dialogue to foster employment, growth, and competitiveness in the prioritized growth poles.
Prioritised list of specific interventions in the sector
The objective of the Growth Pole Fisheries study is to map private sector actors and identify constraints and opportunities in the Sierra Leone fisheries value chain. The study should also recommend a prioritised list of specific interventions in the sector on the basis of potential impact, ease of implementation and complementarity to existing initiatives in the sector. In particular, the study should recommend financing or Technical Assistance initiatives to support private sector actors in the value chain.