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Thursday, 01 October 2015

Norwegian investment in Kenyan aquaculture

Foreign investors, mostly from Norway, have now taken notice of the potential of the aquaculture industry in Kenya. Fisheries Principal Secretary Micheni Ntiba explains that the Government has a robust strategic plan for aquaculture development: “There are many things that need to be done in Kenya to upscale aquaculture development, and we invite our Norwegian partners to put their resources into this sector.” Norway has a highly developed aquaculture industry, from breeding to harvesting of fish, to value addition and marketing, and the country is looking to export its model to Kenya, and the larger East Africa region. Anita Krohn Traaseth, the CEO of Innovation Norway, a government agency established to promote the development of Norwegian enterprises in international markets  said, “Today, our technological solutions are preferred by fish farmers all over the world, from Vietnam and South Korea, to Brazil and South Africa.” A recent  Deloitte study also notes that in Kenya, the consumption of fish outstrips production, thus providing opportunities for investment to bridge the gap and feed growing.