Omega3 Fish Canning
Agriculture, Agribusiness & Blue Economy
Information
Company Description
Omega3, based in Nampula, Mozambique, specializes in shrimp and lobster trade. Operating since 2022, it partners with local fishing communities and exporters, supplies national and regional markets, and is expanding internationally. With processing facilities and HACCP certification plans, Omega3 emphasizes quality, sustainability, and community development, exporting about 500 tons annually.
Countries of Operation
Mozambique
Ownership of Company:
Local
Number of years since incorporated
3
Project Pitch
The Omega3 fish canning project proposes establishing Mozambique’s first large-scale sardine and tuna cannery, with an installed capacity of 40 metric tons per day (approximately 12,000 MT annually at full utilization). The facility would process locally sourced sardines and tuna landed along Mozambique’s 2,700 km coastline, transforming raw marine resources into high-value canned products for domestic, regional (SADC), and European Union markets. The business case is driven by strong global demand and attractive EU import prices—around US$5,000 per MT for sardines and US$6,300 per MT for tuna—supporting projected annual revenues of US$60–70 million at full capacity. Mozambique currently has no domestic canning industry and relies entirely on imports for its local canned fish market, creating a clear import-substitution and first-mover opportunity. Under the SADC–EU Economic Partnership Agreement, the project can benefit from duty-free EU access through cumulation rules, combining Mozambican fish with regionally sourced inputs such as oil and packaging. Beyond export earnings, the project is expected to generate 150–200 direct jobs, strengthen artisanal fishing livelihoods, and support Mozambique’s broader blue economy and industrialization strategy.
Team
What We Do: Supply national and regional markets across Mozambique and Southern Africa. Expand internationally with a growing export footprint. Operate processing facilities with plans for HACCP certification to meet global standards. Our Impact: Exporting about 500 tons annually, with capacity to scale. Emphasizing quality, sustainability, and community development. Supporting local livelihoods while meeting international demand. Our Vision: To position Omega3 as a trusted supplier of premium seafood, connecting Mozambique’s coastal abundance to global markets while fostering inclusive growth and environmental stewardship.
Type of Project
Private Company project
Stage
Growth stage
Annual Revenue (in EUR)
1.000.000 - 5.000.000 EUR
Number of employees
11-50
Total Project Cost (in EUR)
9,200,000
Financing needs (in EUR)
8,000,000
Type of financing needed
Debt; Equity; Grant
The Company is looking for:
Financing; Joint Venture/Partnership; Technology Solution/Equipment;
Planned allocation of fundraising capital
Greenfield (new activity for the company); Expansion (expanding an existing activity)