Introduction
A 2021 report by Dutch aquaculture investment firm Aqua-Spark predicted that farmed tilapia production in sub-Saharan Africa will grow as the region’s population increases to 2 billion by 2050.
Africa’s fish industry faces a significant supply-demand discrepancy, with aquaculture poised to fill the gap as demand continues to grow across the continent. The report stated, “The East African fish supply deficit is one of the greatest supply-demand imbalances in the global food system today.”
Tilapia is considered to be the most efficient protein solution for Africa, with a feed conversion ratio that is five times lower than beef. The company has a vertically integrated business, including its hatchery ponds, deep water cages, a processing plant, and a distribution network.
Demand for fish in Africa is growing rapidly and is expected to continue to do so in the coming years.
The successful implementation of the African Continental Free Trade Area (AfCFTA) is expected to create promising opportunities in the agriculture and agro-processing sectors, specifically within the fish and meat industries. As income levels in Africa increase, both sectors are anticipated to witness a rise in overall demand, paving the way for scaled production and expanded trade in processed goods.
There are also opportunities for new businesses to address the sector’s needs for inputs such as fish feed. The high costs and dependence on imports for fish feed pose considerable obstacles to scaling up fish production. Establishing regional hubs could foster intra-African trade of fish feed and enable growth within the currently fragmented market of small producers.
In conclusion,
Aquaculture is poised to play a significant role in filling the gap in Africa’s fish industry. Investing in RAS as a modern fish farming technology now is a strategic move to meet the demand after the successful implementation of the AfCFTA. This results in the development of new businesses to address sector needs will further support the growth of the aquaculture industry in Africa. ISM Agrifarms offers complete solutions for RAS aquaculture systems, covering design, installation, and operation. Our services include equipment supply, installation, and training, encompassing a hatchery, growing tanks, and fish processing facility. We aim to contribute significantly by addressing the prevailing supply-demand gap in Africa’s fish industry.
For investment opportunities, contact us directly at 0797968817 or via email at info@ismagrifarms.com.
