A lot of unemployed youths are thinking of a new businesses to start up with their finance. Fish farming in Malawi is the perfect route and should be among your options, cause you can make lots of money after 6 months of its set up.
TYPES OF FISHES TO REAR
Let’s take a look at 3 most popular fish species that’s suitable for fish farming. These species are in huge demand in the Malawian market and you’ll do well to tap into this opportunity.
1. Catfish: This is by far the second most popular as far as Malawi is concerned, but most popular when it comes to its cultivation. This specie is very easy to rear and it grows pretty fast. Getting the high yield breed is certainly a choice to be considered. with this, you can make a lot of money from fish farming.
2. Tilapia: This specie follows catfish right behind in popularity. This fish is predominantly grown in shallow water. It’s popular, very easy to cultivate and promises huge returns.
3. Mackerel (Titus): This is definitely the most popularly consumed fish in Malawi but sadly, is not farmed. This specie
requires a salty water to grow and because of that, it’s wild caught. If there’s a possibility of creating a similar sea water, farmers in Malawi are working on it.
So now, your only option is Catfish and Tilapia.
HOW TO START FISH FARMING IN MALAWI
1. GET A LAND:
Fish farming doesn’t cause any environmental disturbance. So, any location can perfectly fit in. Look for a land that’s cheap and acquire. For an average fish farm, you might have to consider going for a half plot of land. If you have huge leftover space in your compound, then you can do your fish business right there without any hurdles at all.
2. POND CONSTRUCTION:
The services of an expert pond construction engineer might be needed. Perhaps you can do the whole construction yourself provided you have the specifications, and that plumbing work is properly done to ensure proper drainage.
Water is like an anchor as long as fish farming is concerned and lack of it spells disaster. The most suitable water source for fish farming is borehole or river water. Rain water or tap water that’s from chemically treated sources is not recommended for fish cultivation.
4. OVERHEAD TANK:
In fish farming, water is everything. This need to be connected directly to the pond through plumbing to make it convenient for water to flow into the pond when needed. It’s the perfect water reservoir.
5. JUVENILE FISH:
Get this from another farm that specialize in supplying it. You’ll need to go for the high yield, and make sure it’s from a healthy farm.
6. GET TRAINING:
This goes beyond a day seminar training. You will need to get attached to a fish farm for proper apprenticeship. You don’t need to make your own mistakes that will entail losing money. You can learn from others.
BENEFITS OF FISH FARMING
1. Constitutes more than 60% of meat production in the Malawian market alone.
2. Fish provides high quality protein for human consumption.
3. It’s very easy to catch fish from pond than from rivers, streams, or lakes.
4. You can construct either a concrete or plastic pond within your compound, making it more accessible to you any time.
5. Through fish farming, you become an independent rich entrepreneur. …and numerous other benefits.
A lot of challenges and risk poses out as long as fish farming is concerned. From being too demanding to being capital
intensive. A small fish farm can take up to $3000 to set up. Bigger fish farm means the investment of $10,000+. A lot of challenges are evident, but with proper planning, making your desired profit is assured.
Fish farming is one of the most lucrative agribusinesses in Malawi and it has the potential to make you a lot of money if done well. With a great business plan, finance and management, you will be able to succeed without having to sweat for it.