Lake Malawi Commercial Cage Farming
Project Description
PROJECT DESCRIPTION:
The company running the project aims to produce 1,000 tons of farmed fish in the first year, then scale up production to 4,000 tons within three years for the domestic, regional and international markets. The project will also produce fingerlings for the company’s own use and for sale to other fish farmers.
The species to be cultured are Oreochromis karongae (Chambo) and Bagrus meridionalis (Kampango catfish). Fingerlings will be produced in hatcheries using selective breeding techniques while outgrowing will take place in cages in the lake.
PROJECT LOCATION:
Senga Bay, Salima
LEAD AGENCY/ PROJECT PROMOTER:
Lake Malawi Aquaculture Limited
CURRENT STATUS/ STAGE OF PROJECT:
Non-operational
ACTIONS REQUIRED/ IMPLEMENTATION ARRANGEMENTS/ CONTRACT TYPE:
Expressions of Interest are invited for promoters who can provide debt capital of USD 3.3 million.
AVAILABILITY OF PRE-FEASIBILITY STUDIES, FEASIBILITY STUDIES, AND OTHER STUDIES:
A comprehensive feasibility study, business plan, environmental impact assessment, aquaculture licence, permit for surface water extraction and land have all been acquired.
ESTIMATED COST OF THE PROJECT:
USD 8,818,154
Please register or login to download this investment project PDF.
REGISTER
Login
Country
Malawi
Location (s)
Salima/ Senga Bay
Sector
Agriculture & Food Processing
Sub Sector
Fisheries
Investment Value Range
5-10 million USD
View country profile(s) for investment incentives, success stories and other publications.
Get in Touch
Interested in this project? Please get in touch by filling out the contact form below.
ComesaRIA Investment Map Get In Touch
Investment project information request
"*" indicates required fields
Malawi Investment News
Malawi: A factory in Mzimba Turns Wood Waste into Cooking Briquettes
Malawi’s Minister of Forestry and Natural Resources, Nancy Tembo, is inaugurating a new plant in the Mzimba district of Malawi. The facility built by Raiply Malawi converts wood waste into briquettes for domestic cooking. The new facility was commissioned on August 20th, 2021, at a ceremony presided over by Malawi’s Minister of Forestry and Natural…
READ NEWSGet in Touch
Interested in this project? Please get in touch by filling out the contact form below.
ComesaRIA Investment Map Get In Touch
Investment project information request
"*" indicates required fields