In 2015, Rehmann teamed up with his longtime business partner Steve Moran to explore Lake Victoria and perform some feasibility studies on how they could use technology to disrupt the country’s cold chain markets.
They concluded that a unique opportunity to rebuild the fish value chain from scratch existed. They raised an angel round to start Victory Farms before launching in mid-2016 to serve a market with about a $1.5 billion fish deficit.
Victory Farms claims to have one of the highest margin structures in the fishing industry globally due to its technology. The company recorded a 130% CAGR between 2017 to 2021. Maintaining this growth rate can exude utmost confidence.
Vietnam's shrimp exports reached over 686 million USD in Q1/2024 Viet Nam
In March 2024, shrimp exports reached nearly 272 million USD, up 3% over the same period last year. Although the growth rate is still modest, this shows that purchasing power from the markets is recov...
Spanish Fishing Consortia Impact Artisanal Fishing in Central America Nicaragua
The following is an excerpt from an article published by IPS-Inter Press Service:
Spanish transnational fishing companies, especially in Nicaragua, El Salvador and Guatemala, have aimed to exploit ec...
The Norwegian Pelagic Fishing Course in Week 17 Norway
Good week for blue whiting in the Faroese zone, but still poor for the sandeel
Blue whiting:
Last week, 19,499 tonnes of coal mullet were registered from 19 different boats. The fishing has ...
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