Namibia's First Commercial-Scale Salmon Farm Project
Sector: Raw Materials • Location: Luderitz, Namibia
Source: Undercurrent News
African Aquaculture Company (AAC) is developing Namibia's first commercial-scale salmon aquaculture project near Luderitz. The project secured NAD 41 million ($2.34m) in initial equity financing from investors in Norway, South Africa, and China, with plans to raise up to NAD 123 million in total. Production is planned to start at 1,000 metric tons annually, scaling up to 51,000 metric tons across
- Status
- Under Construction
- Sector
- Raw Materials, Commercial
- Location
- Luderitz, Namibia
- Updated
- 22 Jul 2026
- Source
- Undercurrent News
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Project Information
Participants
| Not available for this record. |
Status
Original status | under construction |
Taiyo status | Under Construction |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | African Aquaculture Company (AAC) is developing Namibia's first commercial-scale salmon aquaculture project near Luderitz. The project secured NAD 41 million ($2.34m) in initial equity financing from investors in Norway, South Africa, and China, with plans to raise up to NAD 123 million in total. Production is planned to start at 1,000 metric tons annually, scaling up to 51,000 metric tons across three sites. The first harvest is projected for 2026, with production scaling up in Q4 2025. The project includes training programs led by Norwegian specialists and partnerships with Norwegian feed producer Skretting. AAC obtained a 15-year offshore commercial license in April 2024. |
Original sector | Aquaculture |
Budget |
Location
Country | Namibia |
City | Luderitz |
Source
Source | Undercurrent News |
URL |
More Details
Record type | Project |
Sector | Raw Materials, Commercial |
Article published date | 2025-09-16 |
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