Kisumu fishermen to benefit from new AQUAFEDHA funding model

Fishermen from Kisumu county will benefit from a new funding model rolled out by the County government to support the sector.

The project, dubbed AQUAFEDHA, is a funding model for smallholder fish farmers along Lake Victoria. It is a partnership between the county government and Equity Bank and is meant to address the financial challenges along the fisheries' value chain.

Speaking at Ogal beach, Deputy Governor Mathews Owili said that the move was the beginning of a transformative journey that will position the county as a leading fisheries and blue economy hub.

"To supplement these initiatives, our administration is committed to revitalizing agriculture and fisheries as part of our 10-point agenda to enhance food and nutrition security," he said.

Owili noted that currently, Ogal Beach produces two to four tonnes of tilapia fish from cages daily, with the potential to expand production even further.

"The fisheries sector remains a key driver of growth in Kisumu County, and through strategic investments in value addition, production and supply chain improvements, and the adoption of innovative fishing technologies, we can unlock untapped opportunities within the blue economy," he said.

He noted that the county's commitment is to create inclusive markets and trade opportunities for the fisherfolk.

Owili, however, noted that despite its vast potential, the fisheries sector faces significant challenges, including declining fish stocks caused by overfishing, habitat destruction, and environmental degradation.

"To address these pressing concerns, cage culture presents a viable and sustainable alternative, offering a controlled environment for fish farming that reduces pressure on wild fisheries while significantly increasing fish production," he said