At Chicoa, we strive to create economic activity by providing hundreds of jobs and developing both upstream and downstream opportunities for entrepreneurs.
For example, we are uniquely placed to provide fingerlings for our own production, as well as that of Mozambique's new smallholder farmers.
We aid by supplying our fingerlings and husbandry know-how to local fishers, helping them convert into fish farmers for better economic opportunities and improved food security.
The existence of a large vertically integrated fish farm is essential as a base from which smaller farmers can emerge. This has been the bottle neck for the aquaculture initiatives in Africa over the past number of years. From a developmental aspect, its presence is overdue. Commercially, it is just the right time.
There exists already multiple projects in Mozambique at a community level which will benefit from our ability to supply fingerlings and feed.
Since September of 2020, over 200 candidates have completed their initial training with our Impact Team. Training is completed in partnership with the Ministries of Fisheries
As our on-site processing facility comes online, the farm will be able to process and freeze our tilapia harvests, ensuring a longer shelf-life and new markets for downstream distribution. We will also expand production capacity to maximise the opportunity represented by improved downstream distribution.
We plan to start construction of a feed mill, which will allow us to source feed ingredients (maize and soya) directly from local producers in the nearby Angonia region of Mozambique, and produce fish feed at scale for the industry.
Our internal intention is to shift the farm toward a semi-moist feed cycle – which requires more JIT production. As well as further reducing our carbon footprint, this will lower the feed conversion levels of our fish to levels that are (as yet) unseen at commercial scale.
In our target markets of Mozambique, Malawi, Zambia and South Africa, per capita fish consumption is at historic lows of 7kg per annum. This is due to a shortage of supply. If the supply is met, per capita fish consumption in the region is projected to reach 14kg per annum. This would be similar to historic consumptions levels in these markets, as well as similar to rates seen in better supplied markets such as Angola (which has a consumption rate of 15kg per capita per annum).
By 2025, our target markets are projected to require an extra one million tonnes of fish to meet the constantly growing demand
Find out more about the Chicoa Fish Farm impact