Netherlands to support Tanzania’s fishing sector with a teaching model farm

TANZANIA - The Netherlands has pledged to support Tanzania’s fishing industry by establishing a model farm in Dar es Salaam where it will provide with teaching and training in the sector, Daily News has reported. According to the Netherlands Ambassador to Tanzania, Mr Jeroen Verheul, a model farm would be the driving force towards modern…

Fishing group Sea Harvest to acquire Ladismith Cheese Company for US$36m

SOUTH AFRICA - Fishing Group Sea Harvest plans to diversify its food products portfolio by acquiring a value-adding dairy processing company, Ladismith Cheese for US$36.81 million. With the acquisition, Sea Harvest seeks to boost its local dairy segment which has seen recent investments including development and acquisition of additional dairy and allied beverage products. “Ladismith…

Cargill opens new aquaculture center in Indonesia

INDONESIA – Cargill, an American privately held global corporation, has opened an aquaculture innovation center in Indonesia to work with freshwater fish farmers in raising farming and feeding standards. According to the company, the Technology Application Center (TAC) is located at Ciseeng, Parung-Bogor, which is a hub for freshwater aquaculture in Indonesia. It will bring…

AgriProtein receives US$105m investment in insect protein sector

SOUTH AFRICA – Fly-farmer and waste-to-nutrient pioneer AgriProtein has secured US$105 million in funding, marking a new high in investor appetite for the insect protein sector. The record raise by AgriProtein Holdings UK, together with additional local project finance for a series of factory builds in Africa, the Middle East and Asia, puts AgriProtein on…

Olam considers expanding into fish farming in Africa to tap on growing demand

NIGERIA - Olam, Singapore-based global agribusiness company is conducting a feasibility study on fish farming in West Africa, especially Nigeria as it considers expansion strategy in a continent where protein demand is rising. A surge in population growth, rising incomes and urbanization are mounting pressure on the livestock sector to meet the growing demand for…

ADM’s Animal Nutrition division launches new protein for aquaculture

USA - ADM Animal Nutrition, a leading manufacturing, nutrition and marketing business, has launched a new quality protein, PROPLEX-T to be used in aquaculture and swine diets. PROPLEX-T is made of dried fermentation biomass and provides nutritional benefits in aquaculture and swine nutrition that is, high level of amino acids and a good source of…

Fishing company TerraSan acquires a private equity deal

SOUTH AFRICA - Unlisted fishing company TerraSan, which has a substantial aquaculture operation, has landed a private equity firm where EXEO Capital confirmed an undisclosed investment in TerraSan via its Agri-Vie Fund II. EXEO joins Trustee Board Investments (TBI); a backer of JSE-listed companies Accentuate and Efficient as a key shareholder in TerraSan. The investment…

US researchers develop new technology to boost aquaculture growth rates

US - Researchers at Oregon State University have developed a new technology to deliver water-soluble nutrients to aquaculture-raised fish, oysters, clams and shrimp that will boost their growth rates and reduce the high rates of mortality that plague the industry. According to scientists, the study on aquaculture was important because the US has a major…

Zambia launches aquaculture development project

ZAMBIA - President Edgar Lungu says government’s determination to proactively promote aquaculture has impressively delivered results by increasing the yields from 12,988 metric tonnes in 2012 to 30,285 metric tonnes in 2016. President Lungu said the growth in aquaculture yields is a pure demonstration that the country is on the right track to boost fish…

Stopping overfishing will boost EU’s economies – study

EUROPE – A new study has revealed that replenishing Europe’s fishing stocks could boost EU’s GDP by US$5.76 billion annually, and create over 92,000 jobs in the fishing, food manufacturing and retails sector. About 60% of all commercial fish species are not in good environmental status as they are fished too fast, in large quantities…