Kenya’s Lake Region Economic Block to benefit from US$1.1m fish processing plant

KENYA – Kenya’s county government, Kakamega, has commissioned a fish processing plant with a capacity to process 30 metric tonnes of fish per day, providing a ready market for farmers in the 14-member Lake Region Economic Block (LREB). The facility which has been under construction since 2009, received initial financial backing of Ksh. 60 million from the National Government with the county government spending another Ksh20m. To propel the finalization of the project, the investor running the factory, DAS Limited invested Ksh40 million. “The County Government appreciates our partners, the…

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Kenyan based aquaculture entity Victory Farms ropes in new investor, gets multi-million-dollar backing

KENYA – East Africa’s largest commercial fish farm, Victory Farms, has received a multi-million-dollar mezzanine debt investment from social impact investor specializing in the African agriculture sector, AgDevCo. The investment will support the company’s continued growth and impact, including the construction of a feed mill and expansion into new countries in the East Africa region, growing its foot prints beyond Kenya. Founded in 2015, Victory Farms operates a vertically integrated business, with its own hatchery, nursery ponds and deep-water cages in Lake Victoria, plus a processing plant and a distribution…

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Yalelo partners with aquaculture genetics specialist Xelect to develop new, improved tilapia strains

ZAMBIA – FirstWave Group, the parent company of Yalelo, one of the leading fisheries business in Africa with operations Zambia and Uganda, has partnered with Xelect, specialists in aquaculture genetics and breeding programmes, to develop local high-performance tilapia breeds. The breeding program according to Africa business communities, will focus on Nile tilapia to feed FirstWave’s subsidiaries operating in the pristine open waters of Lake Kariba and Lake Victoria. “We are excited to partner with Xelect as they apply their global expertise and cutting-edge, data-driven tools to our local husbandry practices…

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Tunisian aquaculture company STEP seeks US$7 million funding to bolster growth

TUNISIA – Société Tunisienne d’Elevage de Poissons (STEP), a modern aquaculture firm in Tunisia located at the coastal town of Bekalta, along the Mediterranean Sea is seeking to raise a minimum of US$7 million from an un-named investor to finance its ambitious development programme. According to reports by, Africa Private Equity News, STEP which was established in 2013 specialises in the breeding of sea bream and sea bass, with an annual production capacity of 2,500 tonnes. The company’s open-sea fish farm is located 5.5km south-east from Bekalta harbour. The Farm…

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South Africa commences construction of US$12.6m Aquaculture Development Zone

SOUTH AFRICA – The Coega Development Corporation (CDC), a public entity wholly owned by the Eastern Cape Provincial Government of South Africa has cut sodo for the construction of the R206 million (US$12.6m) Coega Aquaculture Development Zone (ADZ). CDC is mandated to develop and operate the 9, 003-hectare Coega Special Economic Zone (SEZ) located at Nelson Mandela Bay Metropolitan Municipality in South Africa. The establishment of the aquaculture park is funded by the Department of Economic Development, Environmental Affairs & Tourism (DEDEAT) through the Provincial Stimulus Fund. According to CDC,…

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Ugandan government establishing US$11.4m aquaculture park

UGANDA – The Government of Uganda is constructing a 10 million Euros (US$11.4m) Mwena Aquaculture Park, under the ‘Promoting Environmentally Sustainable Commercial Aquaculture’ (PESCA) aimed at enhancing aquaculture development and management in the country. The project is being constructed by Engpro International, a local Engineering Company in Uganda to serve both Apac and Kalangala Districts in pond and cage farming, reports Kilimo News. It will incorporate 81 Fish ponds, an Office block, a feeds store, a Hatchery for Nile perch and Catfish with a capacity of producing 5 million fingerlings…

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Kenyan government to upgrade aquaculture center with US$1.8m

KENYA – The government of Kenya is set to inject Sh.200 million (US$1.8m) for the rehabilitation of the National Aquaculture Research Centre at Sagana in Kirinyaga County. The upgrade of the facility will include construction of a modern administration block, a kitchen and hostels. According to the Chief Administrative Secretary Fisheries Department (CAS), Jebii Kilimo, the facility will undertake training of fish keeping in green houses known as aquaponics, of which qualified students will be issue with certificates courtesy of a partnership with TVET. According to reports by Kenyan News…

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Corbion expands algae business with strategic appointments

NETHERLANDS – Dutch food and biochemicals company, has announced three strategic new appointments to its Algae Ingredients team in a bid to accelerate the company’s expansion into the growing algae-fed seafood market. The algae ingredients manufacturer for aquaculture feeds has appointed Ruud Peerbooms as President of Algae Ingredients and a member of the Corbion Executive team and further brought in Geir Ivar Lanes and Paula Arriagada Strodthoff as Senior Business Development Managers. The company said that the new leadership and team members will accelerate adoption of its algae omega-3 feed…

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Tanzanian government stipulates new laws, draws up plan to revive the fish industry

TANZANIA – Ministry for Livestock and Fisheries of Tanzania has tabled a new bill, the Deep Sea Fisheries Management and Development Act of 2020 aimed to improve management and development of deep sea fishing in the country’s jurisdiction of the Indian Ocean waters. The new bill, designed to improve the administration of the Deep Sea Fishing Authority and fisheries conservation, will repeal the Deep Sea Fishing Authority Act of 1988 and its 2017 amendments, reports the East African. According to Luhaga Mpina, the Minister for Livestock and Fisheries, the new law…

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The Kenyan government flags off the US$130m Aquaculture Business Development Programme

KENYA – The Kenyan government has officially commissioned the Aquaculture Business Development Programme (ABDP) boosted by Ksh.14bn (US$130m) financing loan from International Fund for Agriculture Development (IFAD) to support fish farming & aquaculture in the country. The program will boost fish productivity in the country amid dwindling production and a freeze on the Chinese market that used to supplement the local market. “There is already a significant gap between the current fish demand of 600,000 metric tonnes and the national fish production – 150,000 metric tonnes,” said Agriculture CS Peter…

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