Sustainable fish production

Sustainable fish production

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Sustainable fish production
Sustainable fish production
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Food and Beverage
Food and Agriculture
Business Model Description

Undertake sustainable breeding and production of high-value fish, such as tilapia or catfish.

Expected Impact

Contribute to food security in Kenya, increase protein intake and reduce malnutrition in the general population and stunting in children.

How is this information gathered?
Updated: 8 Jul, 2021 Date of Production: 1 Feb, 2021
Kenya
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
10% - 15% (in IRR)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Medium Term (5–10 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
10% - 15% (CAGR)
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
USD 500,000 - USD 1 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Zero Hunger (SDG 2) Decent Work and Economic Growth (SDG 8) Life Below Water (SDG 14)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
No Poverty (SDG 1) Good health and well-being (SDG 3) Industry, Innovation and Infrastructure (SDG 9)

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Sector Sources
  • 1) World Bank (2020). Kenya Economic Update: Turbulent Times for Growth in Kenya. 2) World Bank database, 2020. https://data.worldbank.org/ 3) ISIC Classification Revision. Comparative Industry Forecast Tables - Agriculture. 4) World Bank (2019). Unbundling the Slack in Private Sector Investment: Transforming Agriculture Sector Productivity and Linkages to Poverty Reduction. April 2019 | Edition No. 19. 5) Sachs, J., Schmidt-Traub, G., Kroll, C., Lafortune, G., Fuller, G., Woelm, F. (2020). The Sustainable Development Goals and COVID-19. Sustainable Development Report 2020. Cambridge: Cambridge University Press. 6) Ministry of Agriculture (2019). Agricultural Sector Transformation and Growth Strategy: Towards Sustainable Agricultural Transformation and Food Security in Kenya 2019-2029. 7) Government of Kenya. National Agriculture Investment Plan (NAIP) 2019-2024. http://extwprlegs1.fao.org/docs/pdf/ken189052.pdf 8) World Bank (2020). Kenya Economic Update: Turbulent Times for Growth in Kenya, 9) Food and Agriculture Organization of the United Nations. Agriculture Policies Database for Kenya.
IOA Sources
  • 10) Opiyo,M.A., Marijani, E., Muendo, P., Odede, R., Leschen, W. and Charo-Karisa, H. (2018). 'A review of aquaculture production and health management practices of farmed fish in Kenya', International Journal of Veterinary Science and Medicine. https://www.tandfonline.com/doi/pdf/10.1016/j.ijvsm.2018.07.001?needAccess=true 11) Food and Agriculture Organization of the United Nations. National Aquaculture Sector Overview - Kenya. http://www.fao.org/fishery/countrysector/naso_kenya/en 12) Food and Agriculture Organization of the United Nations. Fishery and Aquaculture Country Profiles - The Republic of Kenya. http://www.fao.org/fishery/facp/KEN/en 13) Wambua, M.M. (2015). A Cost–Benefit Analysis of the Fish Farming Enterprise Productivity Program Project in Kenya. The Case of Implementation of the Aquaculture Development Component in Meru County. United Nations University. https://www.grocentre.is/static/gro/publication/351/document/moses15prf.pdf 14) Salia, A.M.J. (2008). Economic analysis of small-scale tilapia aquaculture in Mozambique. Institute Nacional de Desenvolvimento de Aquaculture. https://www.yumpu.com/en/document/read/36178964/economic-analysis-of-small-scale-tilapia-aquaculture-in-mozambique 15) Namonje-Kapembwa, T. and Samboko, P. (2020). 'Is aquaculture production by small-scale farmers profitable in Zambia?', Indaba Agricultural Policy Research Institute. https://academicjournals.org/journal/IJFA/article-full-text-pdf/556442662883 16) Jamu, D. and Brummett, R. (2004). Use of genetically improved and alien species for aquaculture and conservation of aquatic biodiversity in Africa. 17) Barange, M. (2018). Aquaculture Opportunities And Challenges In Africa. Nairobi: FAO. http://www.fao.org/fi/static-media/MeetingDocuments/SustainableBlueEconomy/FAO%20co-hosted%20side%20event%20on%20aquaculture/2.pdf 18) Obiero, K., Cai, J., Abila, R. and Ajayi, O. (2019). High aquaculture growth needed to improve food security and nutrition. https://www.afipek.org/a-policy-brief-on-kenya-high-aquaculture-growth-needed-to-improve-food-security-and-nutrition/# 19) Serpa, D. and Duarte, P. (2017). Impacts of Aquaculture and Mitigation Measures. Global Science Books. http://www.globalsciencebooks.info/Online/GSBOnline/images/0812/DBPBMB_2(SI1)/DBPBMB_2(SI1)1-20o.pdf 20) Martinez-Porchas, M. and Martinez-Cordova, L. (2012). 'World Aquaculture: Environmental Impacts and Troubleshooting Alternatives'. Scientific World Journal. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3353277/ 22) Republic of Kenya (2018). Third Medium Term Plan 2018 – 2022: Transforming Lives: Advancing Socio-economic Development Through The 'Big Four'. 23) Ministry of Agriculture (2019). Agricultural Sector Transformation and Growth Strategy: Towards Sustainable Agricultural Transformation and Food Security in Kenya 2019-2029. 24) Fisheries Act 2012 (Chapter 378). http://extwprlegs1.fao.org/docs/pdf/ken3536.pdf 25) Fisheries Management And Development Act No. 35 of 2016. http://extwprlegs1.fao.org/docs/pdf/ken160880.pdf 26) Fish, Fishery Products and Fish Feed Safety And Quality Regulations 2019. https://www.kilimo.go.ke/wp-content/uploads/2019/06/Revised-FIQA-Regulations-15-18th-April-2019-workshop-Lukenya.pdf 27) Ministry of Agriculture, Livestock and Fisheries website. https://www.kilimo.go.ke/management/state-department-of-livestock-2/ 28) KENIvest. Investment Incentives. http://www.invest.go.ke/starting-a-business-in-kenya/investment-incentives/ 29) Obwanga, B. and Lewo, M.R. (2017). 'From aid to responsible trade: driving competitive aquaculture sector development in Kenya'. Wageningen University and Research. https://www.3r-kenya.org/wp-content/uploads/2017/09/3R-Aquaculture-Quick-Scan-2017.pdf 30) Ministry of Agriculture, Livestock and Fisheries and International Fund for Agriculture Development (2020). Aquaculture Business Development Programme. https://www.kilimo.go.ke/wp-content/uploads/2020/03/ToRs-Aquaculture-Business-Development-Advisor_Feb2020.pdf 31) The Sustainable Trade Initiative (2020). https://www.idhsustainabletrade.com/news/tilapia-farming-in-kenya-and-tanzania-can-be-profitable/ 32) Deutsche Welle (2013). Women take over Kenya's farming sector. https://www.dw.com/en/women-take-over-kenyas-farming-sector/a-16716322 33) SDG Tracker (2021). End poverty in all its forms everywhere. https://sdg-tracker.org/no-poverty