DOB Equity has invested in Victory Farms, a leading fish farm in the East Africa region. Through the investment, Victory Farms plans to reach a broader market and increase fish production capacity.
Victory Farms was founded in 2015, and today it has 20 branches. The company mainly focuses on the local fish market, where it supplies Tilapia to the large Nairobi city market.
The company has the necessary fish production, processing, and distribution facilities such as hatchery ponds, cages, fish processing plants, and refrigeration facilities both in Nairobi and Western Kenya.
The DOB Equity decision to invest in the fishing company is due to the increasing fish demand in the East Africa region. The investment comes when the demand for fish is high, and fish imports have been reduced by 50%. Victory Farms will be able to meet the growing fish demand in the market.
Victory FarmsCEO, Hayo Afman, pointed out that they plan to grow the firm to one of the leading fish farms in the continent. The firm’s leadership is hopeful that the DOB equity input will boost its expansion plans. They are committed to continuing to deliver safe food to large markets sustainably.