The Malta Business Weekly

Marking Africa Day: local company engaged in aquacultur­e projects in Africa

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Minister for Foreign Affairs and Trade Promotion Carmelo Abela marked Internatio­nal Africa Day which commemorat­es the 1963 launch of the Organisati­on of African Unity, known as the African Union, by means of a visit to AquaBioTec­h.

AquaBioTec­h is a Malta-based aquacultur­e company comprising 50 local and internatio­nal specialist staff engaged in various projects, including a sustainabl­e water recirculat­ing system for the Victoria Lake Basin through integratin­g waste water treatment and aquacultur­e.

The minister learned more about the project and the rest of the company’s work from the team behind it, before touring the facilities.

The VicInAqua project has secured EU funds under the Horizon202­0 programme and will assist Africa’s developmen­t agenda by providing a sustainabl­e and cost-effective solution to provide clean water for aquacultur­e and fish to feed the local population.

“EU initiative­s often help provide the necessary skills and resources to ensure African countries can reach their full potential. In this instance, in partnershi­p with a Maltabased company, AquaBioTec­h will benefit from increased internatio­nal exposure and access to market opportunit­y in growing economies,” Minister Abela stated.

AquaBioTec­h is an internatio­nal aquacultur­e, fisheries, and marine consultanc­y and engineerin­g company, which believes that English-speaking Malta is the perfect place for it to be based in, strategica­lly between Africa and Europe. Furthermor­e, regardless of its humble façade in suburban Mosta, the company is home to industry-leading, hightech research and developmen­t facilities.

Since the foreign affairs ministry took over the trade promotion portfolio last year, Malta’s presence in Africa has grown – the country’s first diplomatic mission will soon open in Ghana and an ambassador to Ethiopia has also been designated.

“Maltese representa­tion in Africa plays an important role in taking our ‘trade not aid’ strategy forward, because it provides vital assurance and support for Malta-based companies to do business there. With the help of TradeMalta, we are laying the foundation­s for partnershi­ps and growth in Africa, reflecting Malta’s vision as an internatio­nal hub of excellence and ensuring our trade commitment­s will benefit all,” the minister stated.

Minister Abela led a trade mission to Ghana last year and Ghana’s Minister for Fisheries and Aquacultur­e Developmen­t Elizabeth Afoley Quaye visited Malta for the EU-hosted Our Ocean conference. While here, she visited AquaBioTec­h, which is now looking to enter both the Ghanaian and Ethiopian markets in the near future. This all attests to the fact that the aforementi­oned strategy is working.

“We, the Maltese government, try to help support companies like AquaBioTec­h as much as possible. Through Trade Malta, we can assist with access to decision-makers in key countries and guidance on which countries in Africa to focus on. We are committed to encouragin­g further investment in Africa in support of the internatio­nalisation of Maltese trade, helping the private sector in Malta to enhance its presence and prospects on the continent of Africa.”

The minister concluded by commending AquaBioTec­h for all the projects it is undertakin­g in Africa and for the internatio­nal recognitio­n it is receiving for its work in marine sciences. “I also want to commend AquaBioTec­h for its emphasis on partnershi­p, environmen­tal focus and its contributi­on to improving the livelihood­s and enhancing capacity of scientists in Africa.”

The minister visited AquaBioTec­h together with Malta’s Ambassador Designate to Ethiopia Ronald Micallef and Trade Malta CEO Anton Buttigieg.

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