The Kiritimati Fish Limited (KIFL) was formed in 2010 as a partnership between the government of Kiribati (40%), Golden Ocean Fish of Fiji (40%), and Shanghai Deep Sea Fishing of China (20%). The goal of the partnership is to further develop Kiribati's fishing resources while bringing more of the value of these resources home to the government and people of Kiribati.
This venture has created an environment where the nation of Kiribati can develop and benefit from their own natural fishing resources in a more equitable and sustainable fashion. These resources can now be used more effectively to improve the quality of life for all the peoples of Kiribati.
For instance, in 2012 KIFL completed construction of a USD 8 million+ fish processing plant that employs hundreds of people in Kiribati's capital island of Tarawa. Thousands of indigenous Kiribati fishermen take advantage of this marketing outlet for their catch. A second plant on Kiritimati is planned.
Facebook: KIFL Facebook Page