Kenyan aquaculture company Victory Farms, East Africa’s largest commercial fish farmer, has raised $5 million in equity funding to expand its operations into Rwanda, Tanzania and the Democratic Republic of Congo (DRC). To provide a consistent supply of fish, the startup combines indoor fish farming, on-base farming, and lake farming using deep-water cages. According to Victory Farms, this system makes its farms 99.9% more land efficient compared to traditional tilapia aquaculture. Victory Farms is now edging towards precision fish farming through an automated drone system that can predict the future performance of fish. While Victory Farms has the highest number of fish farms in the country, other players in the market include Mwea Aquafish Farm, Africa Fish Farming, Safi Fish Farm, Nyanam Fisheries and Lake Naivasha Fish Farm to name a few.

Source: The North Africa Journal May 29, 2022 09:55 UTC