Finnfund boosts Zambia’s Yalelo Aquaculture with the first direct investment

ZAMBIA – Finnfund, Finnish development financier will support the expansion of Yalelo Limited, an integrated tilapia aquaculture company in Zambia with a US$6 million equity investment. Yalelo produces 12,000 tons of tilapia annually. With the […]

AfDB approves US$13.2m funding for sustainable fisheries, aquaculture development in Malawi

MALAWI – The African Development Bank Group (AfDB) has approved a US$13.2 million financing package from the African Development Fund for a fisheries and aquaculture development project in Malawi for sustainable fisheries, aquaculture development and […]

FAO’s improved fish processing method boosts Ghanaian fish industry

GHANA – The Food and Agricultural Organisation (FAO) has introduced an innovative oven for smoking of fish that reduces the Polycyclic Aromatic Hydrocarbonsn(PAH) in smoked fish to 0.3ppm/kg which is less compared to the European […]

IFAD pumps US$150m into Kenya’s aquaculture sector to boost production

KENYA – The International Fund for Agricultural Development (IFAD) is implementing a US$150 million (Shs15 billion) aquaculture project in Kenya that seeks to boost fish production in the country. Funded by the IFAD, the eight-year […]

Namibia’s Tunacor Group invests in new solar powered fish processing facility

NAMIBIA – The Tunacor Group, Nambia’s largest fishing company is investing in a new solar powered horse mackerel processing facility in Walvis Bay. The 4 000 square metre facility will be fitted with solar panels […]

Uganda’s fish processing factories reopen as stocks improve

UGANDA – At least four fish processing factories in Uganda have resumed operations on the back of improved fish stocks across the country. According to the Uganda Fish Producers and Exporters Association (UFPEA), the factories, […]

French biotech firm Cycle Farms inaugurates first insect-based fish feed factory in Ghana

GHANA – Cycle Farms, a France based biotechnology firm, has inaugurated its first fish feed factory in Tema, Ghana, that will process insect meal protein-rich fish feed in a bid to boost aquaculture production in […]

Nigeria’s Grand Cereals inaugurates US$3.3m fish feed processing plant

NIGERIA – Grand Cereals Limited, subsidiary of United Africa Company (UAC) of Nigeria Plc, has commissioned a US$3.3 million (N1.2bn) fish feed processing plant as it seeks to boost the aquaculture sector in the country. […]