"The proposed fish processing plant in Homa Bay seeks to leverage the county’s extensive access to Lake Victoria, which accounts for 40% (1,651 km²) of Kenya’s portion of the lake. With an annual fish production of 1,258,314 metric tons valued at Ksh 836 million, the county boasts a thriving aquaculture sector, including 51 cage farmers with over 1,000 cages and 2,412 pond fish farmers. This production is projected to rise to 8,100 metric tons by 2025. The processing plant will enhance value addition, extend shelf life, and facilitate market expansion within Kenya and the wider East African region. The plant will produce fresh, frozen, and canned fish, alongside value-added by-products like nutrient supplements and fertilizers. Fish demand in Kenya is about 450,000 metric tons annually, yet production remains at 164,000 metric tons, highlighting a vast supply gap. Homa Bay’s strategic location, supported by the Kabunde airstrip, provides access to both regional and international markets. Competition exists from three major players in fish processing, but a new facility will introduce healthy competition, improving efficiency and product quality. The county seeks a USD 100 million investment under an equity model to establish the facility within a Special Economic Zone. This initiative is expected to create 1,000 direct jobs and over 5,000 indirect jobs along the value chain. The project also aims to integrate fish farming, processing, and distribution while engaging local fish farmers to ensure sustainable production. By strengthening food security and economic growth, the processing plant promises to be a transformative investment for Homa Bay and the region."

Fisheries

Fisheries

Equity Investment

100000000

USD

Sites identified

Homa Bay