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 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.To solve this problem,we are lookinf for funding to open catfish farms and train interested youths to take catfish farming as a profession.This will be our solution to reduce the cost of importation and to make catfish available for all Cameroonians.We look forward to opening 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 by creating branches of AMBITIOUS VENTURES Ltd.We shall Communicate through Telegram,Facebook,Twitter and YouTube to inform our target customers about any up coming events.

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. We have Marc Mboule as the coach. 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 also the cultivation of cereals like maize and soya bean that will be used for production of catfish food. Pricing Our Price will be 2000Fcfa(3.64 USD)/kg.Imported catfish is sold for 2500frs(4.54 USD)/Kg. Our prices will be fair to our customers. Profitability 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%

Your profile

I am an ambitious African entrepreneur.I am very passionate about changing Africa for better.I was born on the 30th of December 1984.I went through primary and secondary education under hard struggle.This hardship turned be into an entrepreneur without Training.I am happy that I was selected by the Tony Elumelu Foundation and I passed successfully through Advanced Management,Financial and Insurance training.I am very convinced that I will succeed in any business endeavours I lay my hands on.

What we do.

Stage of Idea

conceptual stage, planning stage, start-up stage

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Comments

October 22, 2021 20:18

Always remember, you have the strength, patience and passion to reach for the stars to change the world. https://www.entrepreneurship-campus.org/ideas/32/21472/
Your idea is great.
There is only one thing that makes a dream impossible to achieve: The Fear of Failure.

October 20, 2021 09:06

There is only one thing that makes a dream impossible to achieve >> The fear of failure. So many of our dreams at first seem impossible, then they seem improbable, and then, when we summon the will, they soon become inevitable. https://www.entrepreneurship-campus.org/ideas/32/21472/

Kiven Adeline

October 15, 2021 22:21

I vote for Kolem Emmanuel Latar ,he is a hard-working man that can work tirelessly,inorder to dish out what is needed from him,this vote is a vote of confidence thanks

October 5, 2021 21:26

Every great dream begins with a dreamer. Always remember, you have within you the strength, the patience, and the passion to reach for the stars to change the world. Success is not final, failure is not fatal, It is the courage to continue that counts.

Your idea is very smart and practical.
https://www.entrepreneurship-campus.org/ideas/32/21472/

October 3, 2021 21:49

It is a good idea with great potential for development. You have to think about the natural barriers that come with an unnatural and excessive concentration of fish in one place. For example, the problems that arise with artificial salmon farming on marine farms. Here, diseases or parasites can spread rapidly and need to be prepared for.
I wish you every success in applying and developing this idea.

September 22, 2021 06:39

Lovely idea
I pray you gain the exposure you require to boost your turnover. Such great projects and people to carry them are few. I see you are already an award winning person. May this add to your numbers

Sala Manda

September 15, 2021 13:42

It's a brilliant idea and timely. It's a domain that has not been exploited which I think it will not only help youths but equally serve as a center where students can carry out their internship.

I plead that the selection criteria should be inclusive. Person with disability and teenage mother's should be given priority if the project goes through.

Kudos

Salama Leikum leinyuy

September 15, 2021 13:35

Your analysis are on point but that site has refuse to verify my email.
With this presentation.Nothing can stop you from winning
Congratulations fellow Entrepreneur,I just voted for you.
Your business idea is explicit,well detailed and scalable.

Akam Priscilia

September 13, 2021 23:49

Waoh ! This is so so Interesting Kolem Emmanuel, I just love people like you that gives out knowledge that empower youths and the community at large. This will really help the Youths to endulge into this kind of sustainable business to become independent . Thanks for the briliant idea.

Sanyuy

September 13, 2021 21:18

I think this is a brilliant idea .catfish started as a joke and now it has become reality and i think it will creat employment opportunities for the unemployed but my suggestion is,creat more awareness about this project by sentizing the population through the media .

Lukong Christian

September 13, 2021 06:30

It's a brilliant idea and timely. It's a domain that has not been exploited which I think it will not only help youths but equally serve as a center where students can carry out their internship.

I plead that the selection criteria should be inclusive. Person with disability and teenage mother's should be given priority if the project goes through.

Kudos

Abdulmaliq Shuib

September 11, 2021 23:44

This idea is superb Nd should go all the way, bringing innovation is creating wealth and opportunities. Aside from the market opportunities, catfish are easy to rear and a good short-term business.

Esther

September 11, 2021 23:09

Fantastic idea! The visibility of this idea is strong it has the capacity to build a vast fish farm that will support his country as well as expanding to neighbouring countries. Keep the idea burning!

Bunmi

September 11, 2021 22:40

I believe in his idea, his idea is realistic and achievable. All I see is a true entrepreneur whose zeal is going to make Africa proud and I look forward to seeing you win. All the best!

Fabrice

September 11, 2021 20:34

Congratulations big brother.More grease to your elbow.It shall be well.In life it is very good to try every opportunity.God will see you through.Africa is full of opportunities and I am glad person\'s like you will take the lead.