The manufactured products will be specifically formulated to meet the rigorous nutritional requirements in the aquaculture industry.

Maxim Agri and Victory Farms Announce Joint Partnership Aqua-Feed Mill

Maxim Agri Holding, Victory Farms Ltd, and Gatsby Africa have announced a joint partnership aqua-feed mill under the name Samakgro.

The Maxim Agri-managed feed mill facility will produce high quality and affordable aqua feeds to meet the demand from East Africa's growing aquaculture industry.

The Netherland-based Maxim Agri Holding is focused on providing trusted and global best in class animal feed and customized nutrition solutions to help maximize the performance of small land commercial farmers. The company has built extensive experience in emerging markets through its operations in Pakistan and Sri Lanka, with its Kenya operations launched in November 2017.

Victory Farms and its innovative technologies bring together the best aquaculture practices from around the globe to tackle the challenges of rapidly declining wild fish catch in Lake Victoria, rising populations and undernourishment.

Construction of the environmentally friendly high tech feed mill facility is already ongoing in Naivasha, Kenya where a significant number of jobs will be created, and even more livelihoods positively affected once production is expected to begin in 2023.

The products will be specifically formulated to meet the rigorous nutritional requirements in the aquaculture industry, with the right nutrition profile to support fish growth and health. The feed mill will also invest in local ingredient trials and development, testing for the right mix of nutritional elements from Kenya-produced ingredients.

Victory Farms aim is to farm tilapia that can feed 2 billion Africans with affordable, accessible and healthy protein over the next 2 decades.

 This Partnership acknowledges and embraces the environment as a resource to be used responsibly and sustainably. The main production facility will operate solely on sustainable sources of energy, supported by solar energy in day-time and geothermal energy at night.

In the words of Obaid ur Rehman, General Manager of SamakGro Limited Kenya, "We are excited about the strategic advantages and opportunities for the aquaculture industry that this joint venture will create through localizing feed production, and making available a product of verifiable, consistent quality that aquaculture practitioners and entrepreneurs can rely on."

Victory Farms sustainable aquaculture business produces tilapia on Lake Victoria and sells primarily in low-income neighborhoods across Kenya.

Caesar Asiyo, Victory Farms Chief Development Officer, is confident that once it is operating at full capacity, the SamakGro feed mill will play an instrumental role in alleviating the perennial shortage of affordable quality aqua feeds in the country and become a major contributor to level the field for the growth of a robust and competitive aquaculture industry.

The joint venture will contribute directly to the Manufacturing pillar of President Uhuru Kenyatta's Big Four Agenda and will play a critical role in economic development through creation of employment opportunities, Fundamentally, it provides foundational support for food and nutritional security through its direct linkage to the aquaculture industry.

About Maxim Agri Holding

Maxim Agri Holding is a leading agribusiness company and a complete input provider for both small and corporate farms – offering a comprehensive range of products.

About Victory Farms

Source: Victory Farms

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