Small and Medium Resource Centre has signed a Sh100 million agreement with Urithi Housing Cooperative to start a fish-keeping business in Maragua, Murang’a county.
The project, which will be funded through Urithi members’ contributions and its financial arm Urithi Premier Sacco, will set up 150 fish ponds to accommodate more than 5,000 fish species. Urithi Sacco chairman Samuel Maina said this will empower members economically and diversify revenue streams for the organisation.
In the deal, the Kilimo Biashara arm of SME Resource Centre provides technical support, insurance services, fish breeds and marketing of produce. It also shares the revenues.
The project will occupy 10 acres recently acquired by Urithi Sacco.
Fish production has been on the decline in Kenya. The country imports fish to meet the increasing demand. Increased local production will help to bridge the gap, as imports from countries such as China have sparked controversy.