Markets throughout Africa are demanding a consistent supply of fish products year-round at a time when traditional sources of fish are dwindling. Aquaculture is an industry that requires a high level of technical knowledge and, in order for aquaculture producers to meet this growing demand for tilapia and other types of fish, they must possess the relevant knowledge and capital to successfully establish efficient farming operations and cold chain distribution capabilities.
While demand for tilapia in East Africa has been growing over the past few years, there has not been an increase in supply. The demand-supply gap for fish consumption in Kenya will approach 600,000 MT per year by 2030.
Victory Farms, founded in 2015 by Joseph Rehmann and Steve Moran, is one of the fastest-growing aquaculture companies in the world. They raise tilapia in Lake Victoria in Homa Bay, Kenya.