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PRAWN/SHRIMP FARMING

This business idea is for farming and marketing of prawns /shrimps. A prawn farm is an aquaculture business for the cultivation of marine shrimp or prawns for human or fish consumption. The most widely available species are: Tiger Prawns and Banana prawns. Commercial Prawn farming began in the 1970s and production grew steeply, particularly to match the market demands of the U.S.A. , Japan and Europe. There is a lot of encouragement to local communities to get involved but it has not yet formed grip as it is in the developed Countries. The demand for Prawns/ Shrimps has shot up with the commer

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MAKING FISH PICKLES

This Business Ideais for manufacturing and marketing of fish pickles. This is a ready-to-eat product in form of sauce made of fish. With the increasing demand for non-vegetarian pickles, making preserved readyto-eat fish would be a lucrative activity. This business idea is premised on production of 2,600ks per month which translates into 31,200 kgs per year. The revenue potential is estimated at US$,400 per month translating into US$124,800 per year with a sales margin of 20% and total Investment requirement of US$119,131 for the first year of project operation. After cleaning,fish is placed i

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MANUFACTURING OF FISHING HOOKS

Modern fishing hooks are used in fishing of large fish such as Nile perch, fishing in ponds and wells etc. The investment in this project requires a certain big amount of capital, but the payback period is short. An estimated fixed capital of $52,900 and operating costs of $114,425, when invested can generate an estimated revenue of $178,464, in the first year of operation.