Tyson Ventures invests in plant-based seafood producer New Wave Foods

USA – Tyson Ventures, the venture capital arm of Tyson Foods has invested in San Francisco-based producer of plant-based seafood alternatives, New Wave Foods. Founded by marine biologist Dominique Barnes and chief technology officer Michelle […]

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 partners with Commonwealth in developing new guidelines for the fishing industry

UGANDA – The Uganda National Bureau of Standards (UNBS) with partnership funding from the Commonwealth Standards Network has developed new guidelines to streamline the country’s fishing industry. According to UNBS, the new guidelines outline basic […]

Zambian fish producer Yalelo secures US$10.5m funding to expand capacity

ZAMBIA – Yalelo Limited, one of the leading fish aquaculture companies in Zambia, has secured a US$10.5 million funding from Dutch development bank FMO, to increase its production capacity. Adam Taylor, the chief executive of […]

Nigeria’s Ellah Lakes Plc acquires Telluria Limited to diversify operations

NIGERIA – Ellah Lakes Plc, a fishing company in Nigeria, has acquired full has acquired 100 percent equity stake in Telluria Limited, one of the leading oil Palm and cassava producers in the country, at an […]

Government to set up US$10m fish hatchery to boost fishing sector

KENYA – The government of Kenya has unveiled plans of establishing a US$10 million (Sh1 billion) marine hatchery in Kwale, in the coast region, as part of its efforts to boost the country’s fishing industry. […]

Russian Fishing Company eyes West African market in expansion plan

WEST AFRICA – The Russian Fishing Company (RFC) has unveiled plans of expanding into the West African markets under its aggressive expansion plan. According to the Chief Executive Officer of the RFC, Mr. Fedo Kisanov, the […]

India’s food delivery startup FreshToHome raises US$11m funding

INDIA – Bengaluru-based fresh fish and meat delivery startup FreshToHome has raised US$11 million (₹76 crore) led by Hong Kong-based CE Ventures to fund its expansion into more cities and strengthen supply chain. Others participating […]