The company has nearly five decades of experience in animal nutrition across Mauritius, Madagascar, Seychelles and Rwanda, and began operating in Kenya in 2024.
Officials attributed the projected growth to resource availability and regulatory management.
The transaction is widely regarded as the biggest salmon farming deal since SalMar’s acquisition of fellow Norwegian producer NTS.
In other news, Zinpro also recently launched the Zinpro Sow Excellence Index, a benchmarking system linking claw health to sow productivity.
The partnership is designed to address growing international demand for responsibly produced seafood, particularly in high-end markets.
The palatability response was equivalent to that achieved with 3% squid meal, a long-established benchmark in shrimp feed formulations.
The conference is anchored around the theme “Aquaculture Driving Blue Transformation,” with a strong focus on how sustainable aquaculture can support resilient food systems and economic growth.
This number signals rising investor interest in a sector that is now gaining a lot of interest.
This allocation represents a reduction of around US$3.6 million compared to 2025, when PIISAH received US$26 million in funding.
Mowi will retain its existing feed business unit ensuring that production stays in-house while benefiting from Skretting’s formulations.