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Sparkling Concept Note

This document presents a proposal for a fish farming project called Sparkling Fish Farming in Tanzania. The project aims to improve health, transform the economy and save lives through fish farming. It will involve rearing tilapia fish in floating cages in Lake Victoria to meet rising demand and ensure sustainable fish growth. Over the next 3 years, the project aims to reach 1000 tons of fish sales, help 100 families enter fish farming and create 200 jobs.

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26 views2 pages

Sparkling Concept Note

This document presents a proposal for a fish farming project called Sparkling Fish Farming in Tanzania. The project aims to improve health, transform the economy and save lives through fish farming. It will involve rearing tilapia fish in floating cages in Lake Victoria to meet rising demand and ensure sustainable fish growth. Over the next 3 years, the project aims to reach 1000 tons of fish sales, help 100 families enter fish farming and create 200 jobs.

Uploaded by

Fasttrack Entrepreneurs
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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SPARKLING FISH FARMING PROJECT

Improving Health, Transforming Economy and


Saving Lives through fish farming

Concept Note

Introduction
Sparkling Fish is a fish farming project being proposed by Maconet Agribusiness Solutions, with
an aim of mobilizing, organizing and serving small-holder farmers in rural areas Musoma district
located in Mara region. Tilapia is decreasingly unable to meet the rising demand as natural water
bodies of Lake Victoria are overfished. There is high community unrest, scrambling and illegal
fishing in Lake Victoria.
We are rearing tilapia fish in cages in Lake Victoria as the most sustainable and promising project
that can restore Tilapia in the region. Sparkling Sato Farming, is bringing floating cages
technology that will ensure fast fish growth by providing quality and balanced feeds and reduce
their stresses as a results of moving long distances searching for food.
Fish plays an important role in fighting hunger and malnutrition. Fish is not only a source of
proteins and healthy fats, but also a unique source of essential nutrients, including long-chain
omega-3 fatty acids, iodine, vitamin D, and calcium.

In 2018, more than 2.3 million Tanzanian children under 5 years of age were estimated to be
stunted and more than 600,000 were suffering from acute malnutrition, of which 100,000 were
severe cases. (Tanzania National Nutrition Survey (NNS) 2018). 22% of these children (506,000)
are in Mara region.
MEASUREMENT OF SUCCESS & MILESTONES TO BE ACHIEVED
i. Increased number of families involved in fish farming.
ii. Increased demand and supply of fish.
iii. Decreased mortality and morbidity of children.
iv. Ensured food security
v. Create wealth among the community members

In the next 3 years, we want to reach 1000 tons of fish in sales, help 100 families own fish
farming projects through cages or ponds and create 200 new employment opportunities.
Our Vision
To establish a digital company that creates future- ready farming solutions and value chain to the
agricultural sector in Tanzania.
Our mission statement
To build an economically-friendly and affordable solution through a digital technology that will
handle challenges facing rural agricultural sector in Tanzania, providing farmers with
opportunities to trade in digital platforms, access credit scoring systems and saving group
accounts; therefore, promoting value chain and market efficiencies.

THE BUDGET
Particular Quantity @ Cost Tsh.
Cages ( @20,000 fingerlings) 2 16,000,000 32,000,000
Fingerlings 40,000 800 32,000,000
Feeds 5,000kg 3,000 15,000,000
Equipment 5,000,000
Running Costs 8,000,000
Total Cost 92,000,000
YEAR Nov - Dec Jan - April May - Aug Sept - Dec
2022 Construct 2 cages Buy Buy Construct 2 cages
Buy 20,000 20,000 Fingerlings 10,000 Buy 30,000
fingerlings fingerlings fingerlings
Buy 50,000 Acquire new Construct 50 cages
2024 Construct 5 new fingerlings 100,000 Buy 300,000
Cages Construct 3 cages fingerlings fingerlings

The Management Team


Daniel Marwa - Founder & C.E.O,
- Graduate from the University of Eastern Africa – Baraton
- 10 years’ teaching experience
- 5 years’ experience in human resource management
- Winner of COSTECH (Commission for Science and Technology of Tanzania) innovation
award 2018
- 5 years’ experience working with startups
- Community development involvement for 8 years
- 2021 Mandela Washington Fellowship alumnus

Joseph Orest Luhwa – Head of department of Fisheries Musoma Municipal Council


- Bsc in Aquatic Science and Fisheries, University of Dar es Salaam
- 13 years’ experience in fish management

William Marcus Mdemu – C.F.O


- Holds MBA from the University of Iringa
- Bachelor of Accountancy and Finance from the University of Dar es Salaam
- Previously worked with JIL company Ltd – a Germany financial firm in Tanzania
- 2 years’ experience working with USAID – Feed the Future project

Dr. Marcel Galibona – Operation Officer


- Graduate from the Sokoine University of Agriculture – MSc. Preventive Veterinary
Medicine
- Management of Natural Resources expert
- Specialized in Fisheries and Aquaculture – poverty reduction and climate change
management.

Current activities, recent accomplishments, and future plans


We are working with the communities around Lake Victoria, more especially Beach
Management Unit (BMU), which act as the government’s helping hand to oversee all fishing
activities. Community engaged is our winning strategy. Community capacity building is about
promoting the ‘capacity’ of local communities to develop, implement and sustain their own
solutions to problems in a way that helps them shape and exercise control over their physical,
social, economic and cultural environments.
Our future plans, are to invest more on the communities around the lake, through training and
capacity building, making sure they are safeguarding resources from the lake and from their
surroundings. Investing in environmental education is the key to building knowledge and resilient
communities. By 2030, this project will be able to raise at least 5 million Tilapia fish.
The overall goal of the Sparkling Fish Farming is to develop a sustainable, competitive and more
efficient fisheries and aquaculture industry that contributes to the improvement of the livelihoods
of communities and the national economy while preserving the environment.

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