Farmed Fish Production
Business Model Description
Produce farmed fish, including high-quality tilapia, using techniques that ensure adequate oxygenation of water through water renewal or natural currents, including by cage farming in rivers, for the local market and to meet consumer needs and health concerns. Take advantage of support provided through Fish Sector Investment Action Plan 2024-2028, such as access to aquaculture feed mills or modern hatcheries.
Expected Impact
Contribute to food security, support the reduction of imports of fish and enhance workers' well-being.
How is this information gathered?
Investment opportunities with potential to contribute to sustainable development are based on country-level SDG Investor Maps.
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Country & Regions
- Togo: Maritime
- Togo: Centrale
- Togo: Plateaux
- Togo: Kara
- Togo: Savanes
Sector Classification
Food and Beverage
Development need
Poverty is slowly decreasing with a rate going from 55.1% to 45.5% between 2015-2019, far from a complete elimination of extreme poverty targeted for 2030. In rural area, the poverty rate is 76.1% (1). Chronic, acute malnutrition and underweight affect respectively 27.5%, 6.5% and 16% of children under five years old particularly in the regions of Savanes, Kara and Plateaux (21).
Policy priority
Making agriculture a real engine of growth and job creation is one of Togo's ten strong ambitions (2). The Agricultural Plan aims to “modern, sustainable and high value-added agriculture serving national and regional food and nutritional security; a strong, inclusive, competitive economy that generates decent jobs and stable by 2030 and reduction of poverty and rural vulnerability (21).
Gender inequalities and marginalization issues
Women are poorly empowered and confined to agricultural activities. Mostly women (53.46% compared to 46.54% of men) carry out agricultural activities, notably in the activities of weeding, sowing, harvesting, storage, processing and marketing of products. The agricultural sector, with its low productivity and low income, plunges agricultural workers, particularly women, in high levels of poverty (1).
Investment opportunities introduction
Investment opportunities are due to both the expansion of local and foreign markets for many agricultural value chains and the land reform Togo initiated, which establishes equal rights of access to land for both women and men. Food crops have significant growth and employment potential, while livestock products and cash crops have additional growth effects (3).
Key bottlenecks introduction
Several constraints affect agricultural value chains like, limited production capacities to satisfy expanding and competitive markets, financing constraints for farmers, lack of long-term credit, and transport costs and constraints. Land issues also exacerbate the situation of farmers, particularly women and young people (3).
Food and Agriculture
Development need
The agricultural sector does not provide sufficient production. Various agricultural subsectors are involved, including crop, livestock, agri-food industries as well as fish production (21). Togo's exports of fish crustaceans, molluscs and other aquatic invertebrates reached USD 0.37 million in 2022 compared to imports of USD 44.50 million during the same year (4).
Policy priority
Togo has a Fish Sector Investment Action Plan 2024-2028 aimed at increasing national fish production by 25% by 2028 in order to contribute to covering national needs. This involves increasing the productive capacity of the sector, strengthening the technical and organizational capacities of the actors in the sector as well as its governance (22).
Gender inequalities and marginalization issues
Women are engaged in individual activities to the point where the majority of them are in the informal sector (54%), commerce and services (53.46%) as well as agricultural activities (5). If the participation of women is not given in fish farming, they are present in the processing (smoking, salting, drying, frying), and marketing of fish products (22). Livestock properties were held at 19.9% among women compared to 80.1% among men in 2015 (19).
Investment opportunities introduction
With a view to encouraging exports, Togo has engaged in liberalization characterized by measures to harmonize legislative and regulatory frameworks with treaties and agreements. Making way for the private sector, Togo inaugurated the Adétikopé Industrial Platform dedicated to the transformation of Togo's natural resources and agricultural exports (6).
Key bottlenecks introduction
Fish farming is faced with difficulty in supplying water retention dams and ponds; the seasonal drying up of certain bodies of water; the multiple use of certain bodies of water; siltation of water bodies; insufficient feed mills for manufacturing fish feed; and the non-existence of certification of fish farms to guarantee the quality of the products (22).
Meat, Poultry and Dairy
Pipeline Opportunity
Farmed Fish Production
Produce farmed fish, including high-quality tilapia, using techniques that ensure adequate oxygenation of water through water renewal or natural currents, including by cage farming in rivers, for the local market and to meet consumer needs and health concerns. Take advantage of support provided through Fish Sector Investment Action Plan 2024-2028, such as access to aquaculture feed mills or modern hatcheries.
Business Case
Market Size and Environment
< USD 50 million
Togo imports 78,294 tonnes of fish (2022).
The production of 5,000 tonnes per year (25, 26) represents 6.4% of imports of fish crustaceans, molluscs and other aquatic invertebrates estimated at 78,294 tonnes in 2022 (4).
Fish farm activities vary depending on the size of each farm. As two examples from Togo, the Lofty Farm and the PARAKANA supply up to 5,000 tonnes per year at the price of USD 3 kg of fish, totalling USD 15 million per year (25).
Indicative Return
20% - 25%
Projects such as TILAPORC and the promoter company “Le Retour au Jardin d’Eden” for fish farming could have respective approximate capital return rates of 19.3% and 23.5% due to their respective capital recovery rates of 4 years and 3 months and 5 years and 2 months (27, 28).
Investment Timeframe
Medium Term (5–10 years)
The TILAPORC company with an investment of USD 256,000 in fish farming envisages a recovery period of the invested capital in 4 years and 3 months. For its part, the fish farming project with a total cost of USD 115,607.67 envisages a recovery period of the invested capital of 5 years and 2 months (27, 28).
Ticket Size
< USD 500,000
Market Risks & Scale Obstacles
Capital - Requires Subsidy
Business - Supply Chain Constraints
Impact Case
Sustainable Development Need
National production of fishery products does not cover the ever-increasing needs of Togo, which increased from 86,905 tonnes in 2012 to 105,235 tonnes in 2022 (22). Imports of fish crustaceans, molluscs and other aquatic invertebrates and their preparations were 78,294 tonne sin 2022 (4).
Although one of the most common sources of animal protein, accessible to consumers, the fishing sector does not cover local needs (22). Fish farming is also artisanal while private sector involvement is still limited and dominated by a single company (22, 25).
Gender & Marginalisation
Women are not strongly involved in fish production. They mostly play a role in processing and marketing. The fish processing link is mainly provided by women grouped within the National Federation of Cooperatives of Fish Processors of Togo and freezing companies (22).
The main techniques for processing fish products carried out by women are: smoking, frying, salting, freezing/freezing and drying. The marketing of fish products is mainly done by women in the context of fishmongers for sea fish and river and lake fish (22).
Expected Development Outcome
Production of farmed fish, based on high productivity and quality standards, will provide abundant and nutritionally fish to meet the growing needs of the population and strengthen food safety.
Production of farmed fish will provide better remuneration to workers engaged in the sector and contribute to increased revenues from the sale of fish.
Production of farmed fish will create increased opportunities for the valorisation of fish, particularly into various processed food products, dried, fried, salted or cooked in restaurants, while countering imports.
Gender & Marginalisation
Production of farmed fish improves the remuneration of workers in the fish sector, particularly many women who work there, and allows them to escape precariousness and poverty.
Production of farmed fish improves the technical and financial capacities of women in agricultural activities and allow them to improve their financial assets and capabilities for enterprise and fully seize their opportunities.
Production of farmed fish allows women, including youth, to develop their technical skills on proven processes for processing aquaculture products with increased value added.
Primary SDGs addressed
2.4.1 Proportion of agricultural area under productive and sustainable agriculture
4,62% in 2021 (1).
N/A
1.1.1 Proportion of the population living below the international poverty line by sex, age, employment status and geographic location (urban/rural)
26,6% in 2021 (9).
N/A
14.4.1 Proportion of fish stocks within biologically sustainable levels
4,000 tons in 2021 (1).
N/A
Secondary SDGs addressed
Directly impacted stakeholders
People
Gender inequality and/or marginalization
Planet
Corporates
Public sector
Indirectly impacted stakeholders
People
Gender inequality and/or marginalization
Corporates
Public sector
Outcome Risks
The development of fish farming in floating cages while providing food to the population could hamper inland fishing activities practiced in the same areas and push traditional fishermen out of work.
The production of farmed fish could cause ecological imbalances, even health imbalances, if the standard rules of quality and sustainability are not respected.
Populations living in the vicinity of large aquaculture development basins could experience water shortages and difficulties in accessing it without excessive costs.
Production of farmed fish can confine women to low-paying activities, and therefore limit their development and well-being.
Impact Risks
High competition among companies in aquaculture for access to fish seed and feed could lead to the disappearance of the least integrated farms, and compromise the achievement of food security.
The technical skills needed to produce farmed fish could risk excluding women and girls with limited professional training.
Impact Classification
What
Farmed fish production will lead to greater food security, enhance employment opportunities and ensure the development of a large market driven value chain.
Who
Fishers and farmers, the environment, the Interprofessional Fish Industry Council, the National Federation of Aquaculture Coopératives, the Ministry of Agriculture benefit from the production of farmed fish.
Risk
While the model is proven, competition over fish seed and feed and technical skills requires consideration to ensure the quality of water resources for domestic use.
Impact Thesis
Contribute to food security, support the reduction of imports of fish and enhance workers' well-being.
Enabling Environment
Policy Environment
The Strategic Plan for the Transformation of Agriculture in Togo by 2030 states as objectives to ensure food security; rebalance the agricultural trade balance; improve the level of agricultural income; ensure a high rate of agricultural growth in a sustainable manner, including though fish production (21).
National Agricultural Investment, Food and Nutritional Security Program 2017-2026 was supplemented by specific plans, including that of the fisheries sector essential for food and nutritional security through the Fish Sector Investment Action Plan 2024-2028 (7, 22).
The Fish Sector Investment Action Plan 2024-2028 aims to increase national fish production by 25% by 2028 in order to contribute to covering national needs (22).
Financial Environment
Law 2019-005/PR of January 2019 on the investment code provides for approved companies making a minimum of USD 83,333,333 in new investment, exemptions from duties and indirect taxes or, in the case of imports, other taxes collected (granted for a period of five years) (11). This is the case for equipment and all goods imported for fish farming.
Companies generating 75% of their turnover from exports benefit from the special industrial zone regime (11) and are eligible for more tax advantages, including exemption from corporate tax during the first 5 years and 10% on taxable profit from the 11th to the 20th year (12).
Regulatory Environment
The Fish Sector Investment Action Plan 2024-2028 provides for the following to support the production of farmed fish: the establishment of an aquaculture feed mill, as well as the facilitation of access to aquaculture inputs and equipment through exemption on aquaculture inputs, materials and equipment (22).
The Fish Sector Investment Action Plan 2024-2028 also provides for the creation of modern hatcheries in major regional centres to provide fry from high-performance strains to fish farmers, the acquisition of floating cages, the acquisition of fry to populate the cages and the developed bodies of water (22).
Marketplace Participants
Private Sector
Shalom Farm; Mbawane Fish and Agricultural Farm (FPAM); PARAKANA Fish Farm; Lofty Farm; Nodis Fish (based in the Lake Nangbéto basin).
Government
Ministries of Agriculture, Livestock and Rural Development; Urban Planning, Housing and Land Reform; Village Water and Hydraulics; Environment and Forest Resources; Promotion of Investment; The Directorate of Fisheries and Aquaculture (DPA), Advice and Technical Support Institute (22).
Multilaterals
European Union (EU), Food and Agricultural Organisation (FAO), World Bank, United Nations Development Programme (UNDP) we well as banks and microfinance institutions generally offering financial services to actors in the sector (22).
Non-Profit
German Society for International Cooperation (GIZ), National Federation of Unions of Fishing Cooperatives of Togo, Union of Maritime Fishing Cooperatives, National Federation of Cooperatives of Aquaculturists of Togo, National Federation of Cooperatives of Fish Processors of Togo (22).
Public-Private Partnership
The government, the Interprofessional Council of the fish farming sector and the private sector involved in fish farming are building partnerships to prevent environmental risks, ensure the facilitation of financing of activities and access to inputs (22).
Target Locations
Togo: Maritime
Togo: Centrale
Togo: Plateaux
Togo: Kara
Togo: Savanes
References
- (1) Togo, Rapport volontaire nationaux VRN, 2022
- (2) Togo, Feuille de Route Gouvernementale Togo, 2025
- (3) La Banque Mondiale, 2023 Togo: Inclusion Économique des Jeunes et des Femmes dans les Chaines de Valeur à Haut Potentiel.
- (4) INSSEED Bulletin trimestriel des Statistiques du Commerce International des Marchandises 4ème trimestre 2022, https://inseed.tg/echanges-exterieurs/
- (5) République Togolaise, ministère de l’Action Sociale, de la Promotion de la Femme et de l’Alphabétisation, Politique nationale du l’équité, de l’égalité de genre au Togo (2023-2032) Document de politique, Février 2023.
- (6) Ministère de la Promotion de l’Investissement, 2022.
- (7) République Togolaise, ministère de l’Agriculture, de l’Élevage et de l’Hydraulique, Programme National d’Investissement Agricole, de Sécurité Alimentaire et Nutritionnelle. PNIASAN- 2ème génération du PNIA, https://agriculture.gouv.tg/wp-content/uploads/2020/06/PNIASAN-_apres-atelier-de-validation-_-11_01_2018.pdf
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- (18) Présentation de la région des Savanes, https://togopolitique.org/presentation-de-la-region-savanes/
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