Identification and brief financial evaluation for shark utilization project in the Republic of Djibouti
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This paper centered on the identification of a shark utilization project in Djibouti and provides a brief financial evaluation for the proposed project. The project investment cost is estimated at about FD 237.4million (US $1.4million) to be obtained by procuring an easy term loan. The investments will be required for the establishment of a pilot processing plant for sharks and other fish and five fully equipped fishing boats suitable for fishing sharks and other fish species. The financial anal ysis proved that the proposed project is feasible giving 38% internal rate of return. A substantial annual increase for about 600 tons of sharks and other fish species (fresh weight) are expected when the project becomes operational. Furthermore, the proposed project will provide about 54 new job opportunities with gross annual increase of FD 40million (US$ 229,000).