Maputo, July 14, 2025 (Lusa) - Nueva Pescanova will invest €346,000 in training instructors, expanding academic offerings and extending training opportunities to develop Mozambique’s fishing sector, the Spanish fishing giant announced in a statement on Monday.
The project is part of the second phase of the Public-Private Partnership for Development launched in 2019 by the group to strengthen the fishing sector’s capabilities and promote sustainable employment in Mozambique, according to a statement from Nueva Pescanova.
“Under this new agreement, the programme will focus on strengthening the training of trainers at the Institute of Marine and Fisheries Sciences, particularly in areas that the pandemic’s restrictions limited,” the statement said.
The Nueva Pescanova Group is a multinational company specialising in the capture, farming, production and marketing of seafood products, based in the Autonomous Community of Galicia, Spain.
The company also plans to expand the Mozambican institute’s academic offering, “incorporating new qualifications and equipment adapted to the demands of the labour market and in line with international standards”, extend training and education opportunities to other coastal regions of the country, which are “crucial” for the development of the fishing sector, and promote synergies between public, private and educational institutions “to improve technical training and facilitate access to employment in the maritime and fishing sector”.
“The project, with a total budget of €346,000, will run over the next few years to consolidate and develop the achievements of the first phase (2019-2021),” he explains.
The parties signed the agreement last June in Santiago de Compostela, Spain, launching this new phase. The signatories include the Nueva Pescanova Foundation, Pescamar (the group’s subsidiary in Mozambique), the Spanish International Agency for Cooperation and Development, the Institute of Marine Sciences and Fisheries in Maputo, and the governments of Mozambique and the autonomous community of Galicia.
According to Nueva Pescanova, during the first phase of the project, which the team has already completed, “the team laid the foundations for strengthening professional skills in the fishing sector, with a strong emphasis on sustainability, gender equality and respect for human rights”.
The company was founded in 1960 and currently employs more than 12,000 people in 27 countries.
After several years in pre-bankruptcy proceedings, the group restructured in 2015. It split into two companies: Nueva (New) Pescanova, which belongs to the bank and brings together the production side, and the “old” Pescanova, owned by the former shareholders.
The main creditors of the former Pescanova approved this restructuring in 2014, thereby ensuring the company continued operating.
In Mozambique, the company fishes around 50% of the total allowable catch (TAC) of shrimp, and in Namibia, around 20% of the TAC of hake, according to the Spanish company’s representative.
LYCE/ADB // ADB.
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