Red Sea Maritime to go into partnership with the Mombasa County Government to revamp and redevelop the fishing industry

Red Sea Maritime has proposed a public private partnership to the Mombasa County Government to revamp and redevelop the fishing industry in Kenya, off the coast of Mombasa county.

Red Sea Maritime is a Maritime and logistics company located in the UK and East Africa - Kenya. We are positioned as change agents for the African continent and its people. The company’s business concept is to provide support services in the maritime industry. We assist with the sales and chartering of vessels, boats and all types of sea going machinery. We also render procurement services in terms of supply vessels, tugboats, search and rescue boats.

The Mombasa County Government played host to directors of the company who presented the proposal to set up a fish processing and storage facility with a view to exporting seafood. Red Sea Maritime is determined to bring jobs, business opportunities and progress to the people of Mombasa County. To this end, a proposal has been submitted to the Mombasa County Government with a larger presentation to be done within the next 3 months. The position is to return to Mombasa with a business plan on the business operations, profit & loss projections and so forth.

Presently, we are in the initial stages of developing the business plan, we are heavily into research now in terms of off takers of the fish and the business structuring in general. It is important to note that our team was well received by the Mombasa County Government and consequently departed with an acknowledgement letter and a non-disclosure agreement.

Our aim is to assist the Mombasa County administration nurture, develop and boost the fishing industry of Mombasa County. We have studied the terrain and have understood that the main thrust/ factors necessary for boosting the industry are equipment, manpower, storage/ processing facilities and product buyers. Mombasa County is blessed with a rich and beautiful coastline, which we believe must be fully tapped into.

During our research, we found that the current fish production is approximately 9, 000 – 15, 000MT of product annually, however, there is opportunity to grow this industry to produce up to 200, 000MT in the same period.  Our approach is to close the gap between local fishermen and the foreigners, while creating opportunities for locals to exploit the marine resources available are three pronged –

• In conjunction with the Mombasa County, source for and deliver two (2) new model fishing trawlers with Sonar systems capable of tracking schools of fish 1,500m/s or 4, 921 ft/s deep
• Set up a fishing scheme, that will see young men and women come together to apply for support in terms of securing vessels for fishing and other factors of the industry
• Employ local sailors/ fishermen to man the vessels, while we open up opportunities for training new sailors/ fishermen
• Set up a storage and processing facility for the products

During our research and engagement with industry majors, it is apparent to us as a business that the fishing industry is a viable and profitable industry. Our business site - Mombasa County, Kenya is a warm and friendly environment, the social and political risks have been assessed and have been deemed as quite low and easily managed. Competition is evident, however, not stiff, which creates a fantastic opportunity for investors. We are interested in development partners in terms of technical and commercial support.

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Contact us if you are interested to know more about the Red Sea Maritime - business project in the fishing industry in Kenya, Mombasa.

Level 33, 25 Canada Square, Canary Wharf, London, England, E14 5LB

T: +44 793 111 0000    E: ahmed@redseamaritime.co.uk    www.redseamaritime.co.uk