Diaspora Fish Farm is a fish farm project located at Lake Kumba, Kwatonga Village, Mashewa Ward, Korogwe, Tanga Tanzania. The Fish farm aims to produce a high quality Nile Tilapia fish product that meets the fish demand in our community.
The main economic significant of the business is to contribute toward poverty alleviation in our country as well as narrowing down the fish demand supply shortage. Tanzania has fish supply shortage of 480,000 tons a year, National demand of fingering is 30m, the current production is 5m only this means there is insufficiency of fish in our country.
We mainly aim at producing Tilapia fish because Tilapia Fish Industry is a profitable fishing business because the demand for fish especially Tilapia fish in the country is growing geometrically; High quality and Health benefits attached to consumption of Tilapia Fish compared to other species of fish has led to the opportunity of growing it.
Nile Tilapia is efficient to produce and has a ready market among mid-income and lower income consumers in urban and areas.
Culture of high value species for the export market has a high potential, so we took the room for investment on Tilapia fishery because it has a high potential as it has desired characteristics and it is popular in the local and global market.
We will use Cage Culture System hence it is an attractive farming technology as it will insure fast growth of fish compared to fish ponds farming; after Raceway System, Cage Culture System has more benefits compared to Fish ponds.
The increase in demand of Fish motivated us to invest in Tilapia fish farming through cage culture system which enables fish to grow faster and less management in farming operations.
The population in Tanzania is growing and developing economically driving the increase demand for sustainable animal protein. The annual fish consumption in Tanzania is estimated at 7-8kg per capita, being much lower than the global average consumption of 20 kg but close to average African per capita consumption of 8 kg per year, indicating the large market potential.
The Target Market
Our targeted market includes: Individual buyers, department stores, hotels and Restaurants located in Tanzania.