Abajuko Enterprises

ABAJUKO ENTERPRISES LIMITED – TANZANIA: COMPANY ROFILE

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1.0 ABAJUKO ENTERPRISES LTD. - CORPORATE INFORMATION:

Certificate of Incorporation Number: 140474

Date of Incorporation: 09th January, 2018

Tax Payer ID Number: 135-691-909

Business Activity: Fishing (Shallow & Deep Sea), Fish Processing, Supply, Distribution, Export & Import of Fish and Other Marine Products.

Shareholders / Directors (All Tanzanians):

1. Kombo Makame Mkanji – Managing Director

2. Salha Adam Kassim – Strategic Corporate Management

3. Msumi – Fish Processing & Fish Technologist

Management and Staff:

1. Yusuph Mohamed – Company Accountant,

2. Peter Malingula – Fish Loader,

3. Winifrida Barnaba – Fish Loader,

4. Wambura Nicholus – Fish Processor,

5. Patrick Karagwa – Fish Processor,

6. Donath Ulomi - Cashier

Contact Details:

Vikindu Village, Madafu Area

Mkuranga District,

P. O. Box 42129,

Dar Es Salaam, TANZANIA.

Tel. No. +255 22 2856 600

Cell: +255 784 267 358 | +255 754 267 358

Email: abajukoseafoods1@gmail.com

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2.0 COMPANY DETAILS

ABAJUKO ENTERPRISES LIMITED is a well-established company, incorporated in the United Republic of Tanzania with relevant constitutional and legal documents which allow the company to do fishing, fish processing, supply, distribution, exports and imports of fresh fish and other marine products.

Copies of relevant constitutional and legal documents are enclosed herewith which include:

- Certificate of incorporation

- Business License

- Taxpayer Identification Number (TIN)

- Value Added Tax (VAT) Registration Certificate

- Tanzania Foods and Drugs Authority Certificate.

The company is owned by a group of dynamic and energetic Tanzanians who are the stakeholders and long-term professionals in the fishing industry. The company prides itself of having on board as shareholders/directors – Fishing Experts, Fish Technologists, Marine Engineers, Crews on Board Fishing Vessels, Finance, Management Consultants and Technicians.

2.1 Directors’ and Senior Management Profile

Kombo Makame Mkanji: Director | Shareholder: Managing Director | C.E.O. Overall in charge, Corporate Affairs and Investments).

As one of the founder member of Abajuko, Mr. Kombo carries a vast experience of over eleven (11) years in managing the company in the challenging fishing industry, responsible for supervising a dynamic and demanding industry of Fisheries, Fish Processing, Sales, Distribution, Imports and Exports of Fish and other Marine Products

He oversees fundraising planning and implementation, including identifying resource requirements, researching funding sources, establishing strategies to approach funders, submitting proposals and administrating implementation of all the projects for the company.

Ms. Salha Adam Kassim: Director | Shareholder, Corporate Management

As one of the founder members of Abajuko, Ms. Salha has an experience of over ten (10) years in the fishing industry, managing processes and corporate affairs.

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Mr. Fidelis Msumi: Business Technologies and Fish Processing

Mature and well experienced professional in the fishing industry with background of over seven (7) years in fish processing management and quality control..

2.2 Company’s Vision, Mission, Core Values and Corporate Governance

Here are our company’s Vision, Mission, Core Values and Corporate Governance:

Vision

To consistently supply the highest quality, fresh fish and seafood to the leading hotels and resorts of the United Republic of Tanzania and overseas.

Mission

To build a sustainable, locally sourced supply chain alongside a factory and Distribution Centre that brings new levels of hygiene and internationally recognized certification to Tanzania; which further enables an efficient and tailor made delivery service, wherever and whenever it is needed.

Our Core Values:

Doing what is right to our customers

Corporate Governance:

The Company advocates high ethical standards and aims to be recognized as the benchmark in the fishing industry.

3.0 FISHING BUSINESS IN TANZANIA

Indeed, it has been observed that in the world-over, fishing has been and still is a very lucrative business that, if properly managed, can recoup invested capital within short periods of time. Setting the project in the Tanzania seawaters goes with the added-advantages of fishing in waters, which are virtually virgin and quite underutilized and in waters where fish resources are in abundance.

The annual contribution of the fishing industry to Tanzania’s economy has been estimated at nearly Shs.10 Trillion, but only if appropriate measures are taken to fully

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harnesses the sector’s value chain. Currently, fishing contributes only about Shs. 2 Trillion to the country’s GDP, a measly 2% of the economy, but this could easily go up by fivefold in real terms.

Increased illegal fishing, which is usually undocumented and untaxed, as well as post-harvest losses that are estimated to be up to 70%, have been identified as major challenges that play havoc with the sector.

Figure 1: Fish Catch by Fish Mongers in the Indian Ocean Coast

Figure 2: Octopus Species available in Tanzania seawaters

3.1 THE FISHING INDUSTRY AND TECHNICAL ASPECTS

Fish Availability in Tanzania Seawaters

There should not be any doubt on fish availability in the Tanzania seawaters. The marine waters that cover about 223,000 Square Kms of the Exclusive Economic Zone (EEZ) and another 64,000 Square Kms of territorial waters, have the potential of about

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600,000 metric tons and over 1,200,000 metric tons of marine resources within the EEZ and territorial waters respectively.

Mismanagement of marine resources has become a worldwide phenomenon, resulting in over exploitation of resources by scrupulous fishermen, but this Study have unearthed a very favorable situation in Tanzania where the Fishery Division has enforced a management discipline in utilization of fishing grounds that avoids conflicting interests among artisanal/small fishermen, medium and large-scale fishermen.

3.2 Fish Sales & Marketing

While the worldwide demand of fishery products is geometrically on the increase, supply is however relatively low, depicting that whatever is harvested, would fetch a ready-market, as fish is the main source of animal proteins. Abajuko Enterprises is geared to harvest as much as possible to feed the nation and overseas market.

4.0 OUR DISTINCTIVE SERVICES Abajuko has various departments whereby fish is selected, processed, stored and ultimately packed ready for delivery: - Packaging A specialty of our service is the thermal protection of product before delivery. All fish and seafood products transfer from temperature monitored chiller or freezer units, into rig foam boxes, layered with gel ice before sealing. Our quality manager is prepared to guarantee that all products leaving our premises are in good condition. Processed and packaged in EU approved plants and regularly audited to supermarket standards. All facilities inspected by the Ministry of Health, Ministry of Industries & Trade and Ministry of Livestock and Fisheries. - Orders A call or email to our main office followed by a scanned or faxed purchase order, is all we need. Our Sales and Customer Care staff will then respond immediately.

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- Value for Money We offer the very best prices on a consistent basis. Our large buying power gives us power in the market place to negotiate good rates on behalf of our customers. - Deliveries and Exports Deliveries are made through Cold Vans, By Air or By Sea. - Our Products: Quality Guaranteed Fresh and frozen lobsters, King prawns, Cuttlefish, Calamari, Octopus, Shrimp, Fresh Fin Tuna, Sailfish, Barracuda, etc. All our fish and seafood products come with a quality guarantee with international standards.

5.0 HUMAN RESOURCES (HR) DEVELOPMENT STRATEGIES Human Resource is the most valuable part of the organization. It plays a crucial role in enhancing the productivity of the organization. Plans are prepared, but the implementation is the most important part. Abajuko will be in the forefront in ensuring that the proposed HR Development Strategies are implemented in accordance with the Company’s Rules and Regulations.

Modern HR Strategic initiatives have been developed to cover, among others, the following:

- Recruitment and Job Design,

- Staff Policies,

- HR Procedures,

- HR Accounting,

- Remunerations and Rewards,

- Staff Benefits, and

- Staff Training, both local and overseas,

On top of the above, our international partners will provide training to Abajuko’s Management and Staff to be on top of relevant developments in the world.

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6.0 ENVIRONMENTAL CONSIDERATIONS & ECONOMICAL BENEFITS

6.1 Environmental Considerations

We, at ABAJUKO believe that human life and welfare of all the living things in the world are pre-requisite in our daily operations.

Implementation of Abajuko Enterprises Project shall be in line with conservation of environment as guided by the Tanzanian National Environment and Management Council (NEMC).

6.2 Economical Benefit of the Project

Today, the fishing industry and fish processing activities are changing quickly, and the service products are getting alike. The ultimate target of Abajuko is to provide differential services to our customers with the best value.

Implementation of this project will benefit our country’s economy through many ways such as:

- Provision of Direct and Indirect Employment to many local Tanzanians,

- Transfer of Technology to our local people as the fishing industry activities are changing every day,

- The company will be paying statutory taxes to the government hence, contributing to the national economy.

Note:

Company Brochure is enclosed herewith for details of our Products and Services.

THANK YOU!