Tunisia promotes sustainable fisheries with deployment of satellite monitoring system

TUNISIA – Tunisia has deployed a satellite monitoring system of fishing vessels, in a bid to optimise the safety of fishermen and their vessels and combat illegal fishing which threatens seafood wealth and the sustainability of the sector. The system is based on three complementary components, namely a central computer system at the Ministry of Agriculture, 50 central and local control rooms and terminals ensuring the transmission of data relating to the location and activities of vessels while guaranteeing confidentiality. It will also provide a database for scientific research programmes…

Read More

Seychelles demarcates area solely for fish processing

SEYCHELLES – The government of Seychelles has marked out a new fish processing zone for private industry players where industrial fish processing and related projects will be centrally located. The piece of land to be allocated to private investors covers 70,000 square metres and is located on the manmade island of Ile du Port off the main island of Mahe. According to special advisor in the Ministry of Fisheries, Roy Clarisse, the move is aimed to boost growth in the sector and enable better access of common facilities and services…

Read More

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…

Read More

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…

Read More

Oceana Group delivers stellar performance but remains wary of further COVID-19 outbreaks

SOUTH AFRICA – One of Africa’s leading fishing companies, Oceana Group has delivered an exceptional performance for the year ended 30 September 2020, with profit after tax growing by 26%, amidst challenging economic conditions, logistics and supply constraints compounded by Covid-19 restrictions and protocols. The group and its operations were classified as an essential service provider in all geographies in which it operated during the peak Covid-19 lockdown periods. To this end it was accordingly able to continue operating with all employees abiding by stringent procedures and protocols to safeguard…

Read More

Morocco allows Russian fishing vessels to operate in its waters in new legal framework

MOROCCO – In a bid to ensure the sustainability of the Moroccan fisheries and foster trade with other nations, the government has inked a new maritime fisheries cooperation with Russia, to replace the 2016 agreement that expired this year in March. This is in response to incessant squabbles over fishing right in international waters by foreign vessels, reports Morocco World News. The new agreement, which will last for four years, establishes the legal framework allowing a fleet of 10 Russian vessels to fish for small pelagic species in Moroccan waters…

Read More

Mozambique’s Chicoa Fish Farm clinches US$1.5m in Series A funding round led by Goodwell

MOZAMBIQUE – Chicoa Fish Farm, the largest commercial provider of fish in Mozambique has closed its Series A equity funding round totalling US$1.5 million from Goodwell Investments. The vertically integrated aquaculture business, is focused on securing its supply chain through primary production of tilapia, runs a breeding program, and develops fish sales and distribution channels in Mozambique, Malawi, South Africa, and Zambia. According to a report by Tech Moran, Chicoa will utilize the new funding to transition to the next stage of growth i.e. processing and distribution of frozen tilapia…

Read More

Kenyan based aquaculture business Victory Farms gets backing from Impact investor DOB Equity

KENYA – East Africa’s largest commercial fish farm, Victory Farms has clinched an undisclosed amount of investment from Dutch family-backed impact investment firm, DOB Equity to scale up its production capacity and expand its market reach. The farm is a vertically integrated aquaculture business, owning hatchery ponds, deep water cages, a processing plant and cold chain distribution to mass markets in Nairobi and Western Kenya. Its mission is to build a commercial tilapia farm that can feed 2 billion Africans with affordable, accessible and healthy protein over the next 2…

Read More

Hake fishery in Namibia attains globally recognised sustainable fishing standard

NAMIBIA – Namibia has received the first Marine Stewardship Council certification for its hake trawl and longline fishery, becoming the second country in Africa to meet the globally recognised standard for fishing. The certification is undertaken by the Marine Stewardship Council (MSC), an international non-profit organisation which sets science-based standard for sustainable fishing and seafood traceability. The council works with fisheries around the world to combat overfishing, supporting those that are small scale or in the Global South with tools and expertise as they work towards certification to the MSC…

Read More

Premium Brands, Mi’kmaq acquire Canadian sea food company Clearwater for US$767m

CANADA – Clearwater Seafoods, a Canadian seafood company, has been jointly acquired by Premium Brands and a Mi’kmaq First Nations coalition, in a transaction valued at C$1 billion (about US$767 million). Founded in 1976, Clearwater Seafoods is based in eastern Canada and catches and sells a range of seafood products such as shellfish to customers in the foodservice and retail industries, a majority of whom are located outside Canada. The purchase adds to Premium Brands’ growing list of seafood company acquisitions which include a Maine Coast, Hancock Gourmet Lobster Co.,…

Read More