Aquaculture & Fisheries

With targeted reforms and investment in value-added processing, the sector has the potential to generate up to US$10 billion in economic returns.

A highlight of the event was the launch of the World Bank and WWF’s landmark report, Harnessing the Waters – A Trillion Dollar Investment Opportunity in Sustainable Aquaculture.

The programme will support the development of a locally tailored Code of Good Practices (CoGP), adapted from ASC’s international Farm Standard, to reflect Ghana’s specific aquaculture context.

The acquisition strengthens Alltech’s foothold in northern Europe’s aquaculture sector while ensuring Finland’s domestic fish feed supply is safeguarded.

Guinea’s fisheries sector, which contributes 4.5% to the national GDP and supports nearly 7.5% of the population, faces growing risks from climate-induced sea-level rise, coastal erosion, and more frequent extreme weather events.

A recurring theme throughout the event was the urgent need to embed welfare in both policy and practice, and to shift industry mindsets from extractive models toward more ethical, inclusive systems.

The new centre is expected to serve not only Kakamega but also neighbouring counties in the Lake Region Economic Bloc (LREB), significantly boosting the region’s blue economy.

The strategy aims to ensure food and nutrition security and foster inclusive economic growth through better policy and governance in the fisheries and aquaculture sectors.

The World Bank notes that Tanzania’s population is projected to reach 77.7 million by 2030, resulting in a doubling of fish demand. 

The model allows Beach Management Units (BMUs), youth, and women groups to lease commercial-grade fish cages capable of holding 65,000 fingerlings.