Tilapia fish farming business plan for beginner in Kenya
Fish farming is a form of aquaculture and it is about raising fish commercially in tanks or enclosures for human consumption. Fish farming involves raising a variety of aquatic animals, such as fish, mollusks, and shrimp, etc., in an enclosure such as a tank or pond.
Tilapia farming which originated in the Middle East and Africa has now become the most profitable business in most countries. Tilapia has become the second most popular seafood after crab, due to which its farming is flourishing. It has entered the list of best selling species like shrimp and salmon.
The largest producer of tilapia is China. Indonesia, Thailand, Philippines and Taiwan also supply maximum tilapia in the global market. Tilapia is being farmed in about 85 countries, and about 98 per cent of tilapia produced in these countries are grown outside their original habitats.
Kenya is known to be endowed with numerous resources with the potential for successful aquaculture. Therefore, commercial fish farming is not a new investment idea in the country. The country is home to distinct geographic and climatic regions and resources such as large rivers, the Indian Ocean coastline, swamps, and Lake Victoria, the largest freshwater lake in the continent. Such resources contribute to the abundance of an array of aquatic species in Kenya, which favors both large and small scale fish farming in Kenya.
No doubt fish farming is a more profitable venture,if you are planning for a commercial fish farming business in Kenya, first you need to study about the process of farming fish for a good profits.Choose fish species for farming depends on the climatic conditions, market demand, maintenance point of view, and as per the availability of resources etc.
Benefits of Fish Farming in Kenya
There are many benefits/advantages of fish farming in Kenya. The most important benefits of fish farming in Kenya are listed below.
Weather and geographical location of Kenya is very suitable for fish farming business and setting up commercial fish farming in Kenya.
Numerous species of fishes are available which are highly profitable for fish farming in Kenya.
High demand and price of fish in the market.
Fish is a great source for food and nutrition. You can earn some extra money by setting up a fish farm along with meeting up your daily family demands.
Along with rapid population growth sources of employment are decreasing. Commercial fish farming in Kenya can be a great source of employment for those unemployed people.
The unemployed educated people can also start fish farming. This will create a working opportunities and earning livings.
Commercial fish farming also helps for proper utilizing of water resources of Kenya.
By using modern fish farming techniques, maximum production is possible. This will make the economy strong and ensure availability of required nutritious food.
How to start fish farming business in Kenya ?
1. Select the type of fish farming
The first thing you need to consider when starting a fish farm is the type of fish that you are going to use for farming. Selecting the right species of fish plays an important role in the success of the fish farming business.
Tilapia is a popular fish in the market. Its large size, high protein content, quick growth (6 to 7 months), is the main reasons that making tilapia fish farming highly popular and profitable. In commercial fish farming, earth ponds are mostly used.
2. Understand the target market
Business planning and feasibility analysis are important to be done before starting a fish farming business. Also, we should do deep market research before starting fish farming business. Try to understand the local market demand.
If you are raising tilapia fish for commercial food products, re-stocking, or sport, then your base will contain food shop and large company,the food shop can retail tilapia fish for you ,the large company have requirements with a high quantity of fish.
3. Calculate the cost
The fish farming business includes two types of capital investment. They are fixed capital costs and operating costs. Fixed capital cost includes crafting ponds, land & building, plumbing arrangements, vehicles for transport, oxygen meters, several tanks, etc. Operating cost includes buying fingerlings or fish eggs, electricity, fish feed, labor, fuel, medicine, chemical, insurance, tax, telephone, transportation, and other maintenance cost involved.
4. Learn the skills required for Fish Farming
It is important to have some skills when starting a fish farming business. There are some government running farms that conduct training programs. You can attend those types of programs to learn skills. Also, we can learn skills through working at a successful fish farm. It will teach you how to perform disease control, water quality management, marketing, feeding, and processing.
5. Select the right location for fish farming
We need to consider some factors when selecting land.Make sure that you have a consistent quality water source when choosing a land. It also includes soil quality, size, and source of water. Choose a place that is big enough. Also, consider your future plans so that size does not limit you when expanding your business. The soil quality directly affects the quantity and the quality of fish you get. So, choose a place with high-quality soil.
6. Procurement of equipment needed for fish farming
Check the equipment list. And procure the equipment and tools as per your specific requirements. Some of the basic equipment and tools required for fish farming business are given below.
Water testing equipment
Net/ Seine reels
Fish tanks/ Ponds
Fish graders Fish feed pellet machine
Fish farming in Kenya is really a lucrative business idea. If you are thinking about starting this business along with your current profession.This fish farming business plan can be used for your reference, you can change eg the number of fish, selling price of the fish etc