DOB Equity invests in Victory Farms, East Africa's largest commercial fish farm, to enhance production capacity and support sustainable practices in Kenya's growing fish market.

Target Information

Victory Farms, established in 2015 and located in Homa Bay, Kenya, stands as East Africa's largest commercial fish farm. The company specializes in supplying tilapia to the Nairobi market and is dedicated to meeting the increasing demand for protein across the region. With a mission to become the world’s first carbon-neutral fish farm, Victory Farms is focused on providing affordable and healthy protein sources to millions of East Africans.

This vertically integrated aquaculture venture encompasses a comprehensive operation, including hatchery ponds, deep water cages, a processing facility, and cold chain distribution systems that cater to mass markets in Nairobi and Western Kenya. With 20 branches in Nairobi serving numerous local food markets, the company effectively distributes its fish products to a wide customer base.

Industry Overview in Kenya

The fish industry in Kenya is currently valued at approximately $500 million, driven by growing protein consumption and a rising population. As dietary preferences shift towards healthier protein sources, such as fish,