Best Ideas 2021 features all the nominated entries submitted under ‘Submit your Idea’ category. All the entries consist of innovative solutions or propositions for an enterprise that champions the Sustainable Development Goals. They can be on the conceptual, planning, or start-up stage.
Innovative Catfish project
Published on September 10, 2021 um 15:13
Explain your idea in details:
AMBITIOUS VENTURES LTD is a registered company specializing in aquaculture and we focused on sustainable aquaculture,innovation that respects the values and principles of nature protection. The demand for catfish in Cameroon is growing geometrically, due to its amazing health benefits. The quantity of catfish produced locally in Cameroon is very insufficient to satisfy the population of over 26.6 million people.We are looking to solve this problem by opening catfish farms that will train interested youths on how to produce healthy table size fishes for consumption in their house holds.This will be our solution to reduce the cost of importation and to make catfish available for all Cameroonians.We look forward to open a dominant and pioneer catfish farm in Simbock,Yaoundé, and we intend to flood the markets around Mendong, Acacias, Nsam, Melen and other main markets in Yaounde, with quality fresh and dried locally produced catfish to meet up with the high demand for catfish by the population of Yaoundé.We intend to gradually expand to other regions of the country.
Expected impact of your idea on sustainable development
Our catfish farm will be located in Yaoundé and we hope to enjoy huge patronage of the large population here. Our target markets will include the main markets of Mendong,Acacias,Melen and Nsam and We are planning to meet a production capacity of 40,000kg of catfish per Year.We intend to reach out to the major markets in Yaoundé in order to create the size and speed of our sales. We plan to set up catfish drying and smoking facilities to increase the shelf life and quality of our catfish products in order to have catfish stocks all-round the year. We plan to link up with Bulk cold room buyers in our target markets.Interested youths will be trained and fingerlings sold to them at encouraging prices to encourage them to start their own farms.We shall Communicate on any events or updates through Telegram,Facebook,Twitter and YouTube to inform our target customers.
Plans for implementation and sustainability
Our assets will consist of catfish stocks,tanks,Source of pure water,Pelleting machine, electrical generator and watering troughs. The tanks and troughs will be within an enclosed wooden building. AMBITIOUS VENTURES LTD is a sole proprietorship, owned by the founder, Kolem Emmanuel Fomonyuy Latar a Technician in Aquaculture and an Entrepreneur. We have Marc Mboule as the coach.He is an Environmental Engineer and also entrepreneur in Aquaculture. During the first year, we plan to operate the business completely by ourselves. As production and sales increase,we will engage the training of interested youths on how to produce healthy catfish, and they will assist us in the production and with time we will establish other branches in other regions. Our farms will deal with the breeding and marketing of catfish in a controlled environment for all or part of their life cycle and we will also cultivate cereals like maize and soya bean that will be used for production of catfish food. Our Price will be 2000Fcfa(3.64 USD)/kg compared to imported frozen catfish that is sold for 2500frs(4.54 USD)/Kg.We entend to make our prices to be fair to our customers. Production cost 1kg = 1300Fcfa (2.37 USD). Revenue per 1kg = 2000Fcfa(3.64 USD) We will evacuate 10000kg in six months. Production Cost 10000kg = 10000 x2.37 = 23,700 USD Revenue for 10000KG =10000kg x 3.64 = 36,400 USD Net profit =12,700 USD Net Profit margin =12,700/36,400 x 100 =35%
I am an ambitious African entrepreneur.I am very passionate about changing Africa for better.I was born on the 30th of December 1984 in the North West Region Of Cameroon.I am a disruptive Entrepreneur. I passed successfully through Advanced Management,Financial and Insurance training at the Tony Elumelu Foundation.I am very ready to start changing the world.
What we do
Stage of Idea
conceptual stage, planning stage, start-up stage