Fishery based investiment | Investing in Mwanza

Production of fishmeal:

The eleven existing (9 active) fish filleting plants create an opportunity for establishing a fishmeal plant to produce fishmeal from left overs, which are normally thrown causing serious environmental problems in the area. A big fishmeal plant is recommended because of great quantities of left overs produced everyday from the fish filleting plants.

Moreover, the market for fish meal is plenty, both in Tanzania and Kenya. This is exhibited by the high demand of fishmeal, which is presently produced on small-scale bases by many entrepreneurs in Mwanza. Kenyans have placed orders in advance up to a year. The fishmeal is being utilized to make animal feeds.

Large scale fishing:

There is still much room for large scale fishing of Nile Perch in deep waters in the Lake Victoria. Fisheries research centres estimates that up to 200,000 tons of fish could be harvested annually without affecting the fish Biomass in the Lake. Hitherto only half of it is harvested annually.

Fishing & export of sardines:

There are great quantities of sardines in the Lake. Expert fishing and processing of sardines in a hygienic way before vacuum packing in containers could facilitate exports especially to Indonesia and Malaysia.