AFRICA’S LACK OF PROTEIN
Africa is short of protein. And since some 20% of Africans get their protein intake primarily from fish, fish are crucial to solving this shortfall.
Local capture fisheries, however, are in decline, and the supply crisis is compounded by Africa’s rising population, which is expected to double by 2050.
By 2025, it’s estimated that the region will need an extra three million tons of fish to meet demand, as the gap between per capita fish consumption in developing (26.8 kg per capita*) and developed countries narrows. This cannot be supplied by capture fisheries.
While some of the world’s best natural resources are in African river basins**, Africa itself produces just 2% of the world’s aquaculture production, with the majority confined to Egypt.
Chicoa has the potential to become a profitable and sustainable solution for this fish supply shortfall by tackling all the challenges of introducing a modern aquaculture to the continent, including a lack of technical expertise and the right quality of fish feed and fingerlings.
By combining these elements in one facility, we can be on the frontier of developing a sustainable and highly efficient aquaculture industry in Africa.
* The State of World Fisheries and Aquaculture 2016, FAO
PER CAPITA PRODUCTION OF AQUACULTURE (EXCLUDING AQUATIC PLANTS)