Victory Farms eyes US$5.7 million expansion with new Lake Victoria fish farm
Expansion aligns with Kenya’s push to raise aquaculture output
KENYA – Kenya-based aquaculture firm Victory Farms is preparing to invest about US$5.7 million (KSh750 million) in a new fish farming operation on Lake Victoria as it seeks to expand its production footprint.
The proposed development is outlined in an environmental and social impact assessment submitted to the National Environment Management Authority.
According to the filing, the project will involve installing floating cage systems for tilapia farming in concession areas in Migori County, with an estimated annual production capacity of 30,000 tonnes.
The planned facility would add to Victory Farms’ existing operations, where the company has been active since 2015 and has already established multiple cage-based aquaculture sites across the lake.
If implemented, the new farm is expected to increase the company’s output while also reinforcing its presence within Kenya’s aquaculture industry, which has experienced steady growth over recent years.
Aquaculture growth trend
Data from the Kenya Fisheries Service shows that farmed fish production more than doubled between 2017 and 2024, rising from 12,635 tonnes to 33,423 tonnes.
Within that total, cage farming accounted for 76.4% or 25,547 metric tonnes in 2024, while land-based freshwater systems produced 7,742 tonnes, and coastal mariculture contributed 134 tonnes.
Even so, aquaculture still represents a limited share of the country’s overall fish supply, with total national production reaching 168,424 tonnes in 2024.
Of that volume, 80.23% originated from marine and inland capture fisheries, leaving fish farming with a comparatively smaller contribution to domestic supply.
National production targets
The Kenyan government aims to significantly increase total fish output as part of its five-year blue economy strategy launched earlier this year.
Under the plan, authorities are targeting an annual production of close to 450,000 tonnes by 2030, with aquaculture expected to play a central role in meeting that goal.
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