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Norwegians to invest in Kenyan aquaculture

Foreign investors, mostly from Norway, are taking notice of the developing potential of the aquaculture industry in Kenya, now that the government has launched a robust strategic plan.

October 7, 2015

Foreign investors, mostly from Norway, are taking notice of the developing potential of the aquaculture industry in Kenya, now that the government has launched a robust strategic plan.

“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,” said Fisheries Principal Secretary Micheni Ntiba,

Norway has a highly developed aquaculture and value adding industry and the country is looking to export its model to Kenya and the wider East Africa region.

“Today, our technological solutions are preferred by fish farmers all over the world, from Vietnam and South Korea, to Brazil and South Africa,” said Anita Krohn Traaseth, CEO of Innovation Norway.

A recent Deloitte study highlighted that in Kenya, fish consumption outstrips production, thus providing opportunities for investment to bridge the gap and grow the industry.

Source: StandardMedia. Read the full article here.

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