RIAC Fish Farming Project (Aquaculture)
With our main farming site only 200 meters from Lake Victoria, we naturally gravitated towards caged fish farming in the lake and have been doing it successfully for the past three years. After acquiring all the regulatory requirements from the Fisheries Department and NEMA, we brought on board the Lake Basin Development Authority (LBDA) to help us set up. From working with 2 at the onset, we now operate over 20 fish cages spread around the Uhanya, Ndenda, Mageta and Migingo Island area in Lake Victoria. We grow Tilapia in our farms, having them in different growth cycles to ease monitoring and harvesting. Working with other bodies e.g. Farm Africa has also helped us scale up our farms.
Our vision for this area of the business is to own more of the production cycle by developing and scaling hatcheries (and diversifying the fish we farm). We also seek to manage costs better by consistently improving our feeds acquisition and use process, and seeking better deals with high volume buyers as our production capacity rises. Our long-term play is to provide enough high-quality value addition to enable us to access the regional and international markets
RIAC Agribusiness Projects
We have a 10acre farm in Asembo Aram that serves as our primary growing location. This is in combination with several other tracts that we’ve rented out from land owners in the general Uyoma area.
We’ve been operating both greenhouses and open-farming strategies on these fields for the past three years. And after testing and experimenting with different strategies and planting cycles we are now confident that we’ve created a predictable and repeatable process for our agribusiness projects.We primarily focus on vegetables (Kales, Cabbages, Tomatoes and Capsicum) and traditional herbs.
Our crops project team works with various professionsals to consistently improve field utilisation, from Feasibility studies (in new land acquisitions) to Crop Cycle management (to ensure tracebility), to Pest Management procedures (to prevent and/or deal with infestation).
Our vision for this area of our business is to diversify the crop offerings we provide to the market. We seek to provide a bigger range of vegetables as we build our portfolio of growing areas (different places offer different options as to what crops can perfom best in them). We’re also working to improve the value addition for our produce to realise even better returns within the crops’ value chain, scale up the volume of produce we can deliver to market and sell directly to high volume users(large companies and retailers).
RIAC Real Estate Projects
The most recent addition to our portfolio of businesses, we’ve started out by acquring and selling land in Kisumu and its environs. This we do by either outright acquisition or through joint-ventures with property owners.
We’re currently selling 1/4 acre pieces in Kisian(pictured).The property is 15minutes from Kisumu Town, with amazing views of Lake Victoria and the surrounding landscape. For more details click here
We have big ambitions for this area of our portfolio, and are looking to set up a property management company to help building owners that are looking to do better things with their time than deal with the often challenging aspect of being a landlord. We’re also open to partnering with other investors in Real Estate projects that they may wish to exit.