ACKNOWLEDGMENT

KIDUS AND GOD AND ...yeah that all

 INTRODUCTION
Normally, 0.8 percent of protein must be consumed by an individual. The number of
persons who have kwashiorkor worldwide is estimated to be 150 million. Ethiopia is one of the nations
where a large number of individuals have ailments caused by a lack of protein. One of the main sources of
protein is fish, which is found primarily in ocean foods. By offering a suitable quantity of fish as a
product, we intend to address this issue as an entrepreneur.

Furthermore, fish and fish processing waste is used to make medications, industrial items like chitin,
baits, and other specialized goods like fish leather and pearl essence. Specialty feed ingredients for
aquaculture feeds are also utilized to make fertilizers for farming and home gardening.
Additionally, it has been found that eating fish can aid in maintaining a healthy brain, as well as
preventing different cancers, cardiovascular disorders, skin, and hair issues. Sea horses, starfish, sea
urchins, and sea cucumbers are all used in traditional Chinese medicine. Fish can help prevent the spread
of diseases carried by mosquitoes, such as yellow fever, malaria, and other deadly illnesses. As an
illustration, larvavorous fish such as Gambusia, Panchax, Haplochitus, and Trichogaster consume
mosquito larvae. Therefore, fish can be used in a variety of ways by humans.
 EXECUTIVE SUMMARY
The yearly whole fish output is estimated to be 216.25 tons of whole tilapia fish. The entire
fish will be treated in a laboratory-based export standard fish processing facility (fish farming pond).
These high-quality processed fish products will be offered mostly in the domestic market, with the
remainder going to European nations.
Currently, the price of fish has skyrocketed owing to the depletion of natural water bodies, rapid
population expansion, and demographic trends toward urbanization. The growth of fish farming might
help to bridge the demand-supply imbalance (aquaculture). For example, Tilapia fillets used to cost 10-13
Br/kg and Catfish fillets 7-9.5 Br/kg before 2002, but today they cost 152-197 Br/kg and 106-148 Br/kg,
respectively, at the Addis Ababa market, which is about similar to the price of beef flesh. As a result, the
metropolitan metropolis of Addis Ababa has a large market potential. The project's products will be sold
to reputable distributors, supermarkets, hotels, pastry shops, hospitals, and merchants.
The input and output of the whole project are valued at market rates. The investment cost of the project is
made up of investment and working capital, totaling Birr 129,623,486, and is incurred in year zero of the
project's first year. The bank will be the principal source of money at this stage. The bank loan is repaid in
quarterly installments over a 10-year period. The developed factory's sales of high-quality processed fish
fund the project.
The project is proven to be lucrative over the course of 10 years. It is predicted to generate a net profit of
birr 16,811,559 on average. In 10 years, the yearly average net profit will be 15,850,498 birrs. Several
tools are used to check this. At a 10% test rate, a net present value /NPV/ of over Birr 73,909,149 and an
IRR of 20% are achieved. These estimates are astonishingly high and indicate that the project will be very
lucrative.
A good project should be environmentally and financially sustainable. Fish and aquatic life are very
reliant on the environment in which they evolved. Changes in an ecosystem may be devastating to the
aquatic species that live there. As a result, the project will be planned to monitor the water source
environment in order to prevent the primary cause of aquatic pollution. The project has no environmental
hazards since it will not generate deterioration or contamination.
The business has a beneficial socioeconomic impact. It will provide the following socioeconomic
benefits:
• It will offer work possibilities for local residents.
• Improve population health by increasing fish output and incorporating fish into the diet.
• Using suitable technologies, provide a consistent supply of high-quality fresh fish to customers.
• Increase government income by ensuring the use of underutilized resources
• Business Descriptions
• Project description
Despite the availability of physical and environmental resources for fish farming/aquaculture in the
country, it is not identified by private sector as strong business. Experience from some African countries
shows that the private sectors has been benefited significantly from fish farming /aquaculture/ venture.
Accordingly, the promoter has chosen fish farming activities like this to have maximum benefit and
positive effect on the communities, where aquaculture identification would make the project ideal.
Therefore, such project should be encouraged for economic and social benefits. Fish farming in the
country lies in increasing fish production efficiency and intensities so as to produce more fish using fewer
land, financial and water resources. We are planning to produce import as well as export quality products.
The main goal of the project is to utilize Genetic engineering in order to produce tilapia fishes that are
greater in number and quality assured.

• Location
In Our primary phase the project will take place around Ziway. We are going to acquire around 10 hector
land lease from the Oromiya Investment Bureau. We are using this land in order to breed our fries.

• Physical and natural conditions of project area

• Service available
The project site has uninterrupted water source (perennial river) around the year. It is located in vicinity
of ziway town and has good infrastructure, power and telephone connection. Its is also filled with vas
number of people which are well experienced with fish farming. The area is also near (about 4 Km) to one
of the fish processing plant called fish production and marketing enterprise.

• Annual production capacity

The project assumed that 150,000kg of entire Tilapia fish would be harvested annually. These fish species
can thrive in the area's climate and high temperatures. In order to achieve superior growth performance
than mixed sex throughout the same growing period, only male Tilapia species will be raised.

• Project Rationale
The country has enormous potential for fish farming and aquaculture from the viewpoint of climate, water
supply, and cheap labor. Commercial aquaculture has not yet been created, though.
To achieve its top priorities of eradicating poverty and achieving food self-sufficiency, the government
views fisheries as one of the intervention areas that must be completely promoted. This includes the
possibility for future aquaculture and new water body resources to be established, as well as the
sustainable development of currently available fisheries resources. Aquaculture, sometimes known as fish
farming, is the intentional raising of fish in enclosed bodies of water where both agriculture and animal
husbandry are applicable.
The aquaculture farm concept is well-thought-out and advantageous given the current conditions of the
fish market. As a result, the company started an expansion of its primary activity, aquaculture (fish
farming). The project is more labor-intensive than capital-intensive and might make use of the significant
labor force present in the area. The project will actively participate in environmental conservation and
fishery protection, which is its clear advantage. Both new technologies and job prospects will be
introduced. The final, and most important, point is that the private sector has not yet involved in
commercial fish farming. Therefore, it will be beneficial for the introduction of particular sector in the
country.
• Operations plan
• Site selection
The project is in the Oromiya state town of Ziway, next to Lake Ziway. Ten hectares of land have already
been leased for the project. The project location was chosen based on a variety of benefits. It is close to
the fish processing facility, therefore there is always enough good water available. It has access to
electricity, telephones, and marketplaces' roads. Flooding has not occurred in the area or its surroundings.
There isn't currently any industry near the project site that has an impact on the water quality. The
foundation of a satisfactory site for tilapia farming is technological considerations. The project site
satisfies the recommended temperature range for tilapia farms of 25°C to 32°C to a high degree.

• The production system

The production system is the intensive system, which makes use of small clay ponds with controlled
water draining/filling, center drain, and partial water exchange and aeration. These methods are
considered to be cost-effective due to their cheap investment and operational costs per hectare and their
perceived lower risk.

The Ziway River and a water well are expected to supply water for the fish farming units. During the dry
season, the water well will be used as an extra supply of water. The farm's fish ponds will primarily be of
two types: nursery and raring/grow out. There will be 40 ponds in total, each measuring 1000 square
meters. Their entire number will be divided into 40 batch ponds for management purposes. 32 of them
were grouped as grow-out ponds, and the remaining 8 were used as fingerling nursery ponds. There are
water inlet and outlet channels in each nursery pond. The grown out ponds will be built in a rectangle
shape, next to one another but apart from the nursery ponds. For the purpose of water distribution control,
dykes, canals, sluices, and flood protection will be built. The structure of the nursery ponds and the grown
out ponds will differ slightly. Ponds need two months to settle and fertilize after construction before
aquatic life may inhabit them. Other infrastructures, such offices, stores, and so forth, will also be built
concurrently at the right location.

The pond management system will adjust to each pond's demands and requirements; for example, feed
preparation and feeding time, fishing season, stocking, and scheduling will be done in accordance with a
working manual. The project's promoter has planned to offer qualified personnel to execute the operation
successfully. For a period of four months, two foreign aquaculture experts will be employed to oversee
farm operations and mentor local technicians.

• Fish species (& selection criteria)

There is growing consensus that tilapias (Oreochromis species) have the potential to rank among the most
significant fish species raised in captivity (FAO, 1980). Tilapia culture has rapidly spread throughout the
world since the 1980s.

The qualities that make tilapias, especially Nile tilapia (O. niloticus), so suitable for fish farming include:-

• Their general hardiness

• Great tolerance to unfavorable environmental conditions

• Ease of breeding, rapid growth rate

• Ability to effectively convert organic and domestic wastes into high-quality protein, and

• Good taste

As a result, Oriochiromis niloticus, also known as the Nile Tilapia, will be the candidate fish species.

• Processing and marketing

The nearby fish processing plant, which has all cold chain facilities, will process the market-size fish. The
live fish that was collected was processed, frozen, and electrically stunted. The production system at the
farm and factory will guarantee outstanding taste, uniform and standard appearance of the product, and
reliable supply on a year-round basis in order to satisfy market demand and secure premium pricing.

• Feed and Feeding

The farm feed preparation plant will produce fish feed using locally accessible agricultural byproducts.
There will be a dedicated structure built for preparing feed. The feeding of fish will follow technological
guidelines.

• Project organization and management

A general manager with a bachelor's degree in business management will be in charge of the project. The
project's activities would be split between the administration and finance department and the fish farming
department. Each department would have the necessary divisions to make the projects easier to run.

The promoter will be in charge of the enterprises overall management and oversight. An experienced
technician/supervisor will be in charge of the project's day-to-day activities. The workers will draw
applicants among the lake's existing inhabitants and anglers.

For the project's flawless execution of scheduled operations at various operating stages, a supervisor, an
accountant, and technicians will be in charge. The key employee will lead training sessions prior to the
start of operations. For a period of four months, two foreign aquaculture experts will be employed to
oversee farm operations and mentor local technicians.

• Machinery, Vehicles and Equipment

The project's necessary machinery, vehicles, and equipment will be brought from overseas. Nearly all of
the equipment and vehicles will arrive on schedule. The anticipated cost of the machinery, trucks, and
equipment is estimated to be around Birr 3,000,000.

• Manpower
50 regular employees and two foreign experts hired on a contract will be working on the project. The
general manager and supervisor will be in charge of all the technical day-to-day operations of the farm,
including supervising and directing the efficient operation of the farming and fish processing facilities.
The anticipated annual cost of administrative salaries for the project is 250,000 Birr. The foreign experts'
fee, which is Br. 400,000 in the first year of the project, is not included in this cost.

• Civil work
Fish ponds, an office, a farmhouse, a store, a hatchery, and internal roads will all be built as part of the
project. An estimate of the whole building cost is Birr 4,500,000.

• Product and service

• Product
Our products are quality-based fish which are produced by aquaculture. We are supplying our customers
with tilapia fishes that have passed different stages in processing, making fish production and marketing
enterprise the final process. From the first step of purchasing the fish seeds /fries and nurturing them to
final stage using fish farming technique we take on different strategies. Our product mainly available as
high-quality fish in different shops, supermarkets and restaurants. But it can also be accessible to the
market in the form of canned tuna as well as fish oil for kids.

The target markets, which have been recognized as expanding and dependable markets for fish and fish
products, include Addis Ababa and other major cities throughout the country. There are numerous more
markets where the project's fish and fish products can be sold. The project will offer its products to
reputable distributors, supermarkets, hotels, bakeries, hospitals, and merchants in the domestic market.
The enterprise can launch and start selling through both a farm gate retail outlet and city satellite stores.

• Services
The transport and distribution of fish products based on capacities and efficient utilization of available
facilities (vehicle, ice, freezers etc.) will be in place. In current fish markets only, limited quantities sold
meets the required hygienic standards. Due to lack of quality fish supply in the country, the project will
get growing respect and market share for its high quality, fair price and convenient services it provides.

• Marketing and sales strategy

The outlook for both the foreign and domestic markets is positive. The country's present fish handling
and processing practices are unsanitary and of poor quality. This will discourage purchases by export and
local markets (high-income customers, especially foreigners) and star hotels. Fresh water fish is in great
demand provided it is delivered in compliance with established criteria. The fish plant in the project will
manufacture fish and fish products for both local and international markets. The target markets include
Addis Ababa and other major cities in Ethiopia, which have been recognized as expanding and reliable.
The project will offer its products in the domestic market to legitimate distributors, supermarkets, hotels,
pastry shops, hospitals, and merchants.

The project will gain increasing respect and market share as a result of the outstanding quality,
reasonable pricing, and easy services it delivers. Transport and distribution of fish products will be
dependent on capacity and effective use of existing facilities (vehicle, ice, freezers, etc.). Only a small
quantity of fish sold in modern fish markets satisfies the needed quality requirements.

• Unique selling proposition

Our products are unique in production mechanisms, type, quality, quantity, and price.

• Unique production mechanisms

We use cutting-edge technologies and contemporary fish production science when we create fish. In order
to improve water quality, treat waste, and prevent disease in intensive aquaculture systems, one of the
technologies we employ is called Biofloc. It uses aggregates of bacteria, algae, or protozoa bound
together in a matrix along with particulate organic matter. Pulsed light technology, another tool we'll
employ, aids in the production of fish by removing contaminants from seafood.
The next technology we'll employ is high-pressure processing (it's primarily used by fish production and
marketing enterprises), which can be utilized to extract flesh from even the smallest pieces of a product
(legs and antennae). By utilizing this technology, yields can increase by 20% to 50%. Additionally, fish can
be observed and caught using technologies like vessel technology, precise electronic navigation
systems, high-definition fish finders and sonar, gear monitoring systems, and computerized control
systems.

• The uniqueness of the fishes according to their type

The fish that we will produce has been genetically modified so that they can be special and better in every
way. Due to genetic modification (GM), our fish develop quickly, are tolerant of freezing temperatures,
are disease-resistant, and are inherently sterile (this property makes the fishes give high-yield products). It
is obvious that it is time to evaluate what genetically modified (GM) fish are likely to offer in the future
given that fish can be easily improved via the use of transgenic technology.
 • Quality of our fishes
Our fish are top-notch in terms of both flavor and cleanliness. The trait of the best fish in terms of flavor
can be added to the fish we are going to manufacture by employing GMO techniques. In other words,
we'll add some extremely tasty fish to it. The second characteristic is cleanliness; thanks to the
sophisticated systems and technology we employ, our fish are shielded from contamination and microbial
effects.

• Quantity of production
Because our fish are caught in greater numbers and quantities, and because they are larger than typical
fish, they provide high-yield goods. Our fish are genetically engineered to produce more desired items in
higher quantities than undesirable ones. Additionally, the clutching period is shorter than that which the
common fish take at a time, and the number of eggs laid at one time is greater than that which the
common fish provide at a time.

• Cheaper price
Since our fish are genetically altered, we get so much more products from the primary fry than from a
typical tilapia (O. niloticus) species and more than twice as much from high-yielding fish. Because of this
quality, we are able to alter our prices as needed and remain profitable even if we sell our fish to
customers for a significantly reduced price.
• Financial management
The total capital of the project is estimated to be birr 21,300,000 birrs with Seed capital of birr
5,440,000, Angel Investor Funding of birr 13,610,000, and the rest which is 2,250,000 will be covered by
bank lone
To start the business, we'll need certain equipment such as a pond liner, pumps, aeration devices, seine
reels or trawling equipment, warehouse space, and 10 hectares of the site close to Koka Lake. (A typical
pond stocking strategy for a warm-water pond would be 1,000-1,500 bluegills, 50-100 bass, and 50-200
catfish per acre.) vehicle, ice, and freezers Would take 17,000,000 birrs and after we start production
taxes, office rent, transportation fees, maintenance, promotional cost, utilities, employee salaries, debt,
and other expenses will be covered using retail the rest of the money and our retail income will be
invested to expand our business.
Importing new technologies and spending on risk mitigation are two other significant costs. The cost to
import the advanced technologies that we listed above makes up a larger portion of our cost; it costs
approximately 97,000$ for the biofloc (approximately 5,142,290 birr), 0.02€/m2, or approximately 200€
total (approximately 11,021 birrs), 10,000$ (approximately 530,133 birrs) for medium-sized vessel
technology, and 350€ (approximately 19,287birrs) for high-definition fish finder and sonar  And we were
going to set aside about 10,000,000 Birr for risk tolerance. 15,702,731 birrs total for the import of the
technologies we'll be using and risk mitigation.
Description cost
Costs for equipment, fishing site, vehicles, 17,000,000 birrs
production taxes, office rent, transportation
fees, maintenance, promotional cost, utilities,
employee salaries, debt, and other miner
expenses
Importing important technologies 5,702,731 birrs

Risk mitigation 10,000,000 birrs

Land expenses 2,000,000 birrs
Inflation resistance cost 2,300,000 birrs

Total expense 37,002,731 birrs

Table 1: brief description of costs