Cavema Fishing (Pty) Ltd was created as a joint venture between two Namibian quota holders, namely Camposatu and Vernier Investments (Pty) Ltd., in an effort to optimise efficiencies and fishing capacity through the pooling of quota resources.
The shareholding structure of the firm reflects Namibian beneficial ownership, which is in line with the national drive for industry Namibianization and demonstrates commitment towards empowering previously disadvantaged Namibians.
Cavema Fishing (Pty) Ltd. is fully committed to broaden the participation of Namibians in the Namibian fishing industry. With an experienced and dynamic management team the company employs more than 100 people in its operations at sea and on shore.
Continuous employee training and skills transferring are at the core of the company philosophy. Bursary schemes and on the job training are some of the initiatives undertaken by Cavema Fishing in order to build and maintain high level of professionalism.
The company is involved in fishing, processing and marketing activities in the Namibian Mid-water Fishery. The commercial fishing is done by factory freezer trawlers while the final product is discharged and distributed via Cold Storage facilities in the port of Walvis Bay.
The main product harvested and produced is Horse Mackerel (Trachurus capensis). Horse Mackerel is a relatively low value and high volume fish resource that is marketed to West Africa and Southern Africa as a source of affordable protein. The operation harvests, processes and distributes about 35,000 tons of horse mackerel per annum. All final product is sold under the company exclusive brands “VECAMAR FISH” and “OSHONGO”.
Cavema Fishing (Pty) Ltd. is committed to social responsibility and very conscious of the significant socioeconomic and educational challenges facing Namibian society. The company has undertaken a number of development initiatives with focus on primary and secondary education.