Musoma Fish Processors Ltd (MuFPL), was incorporated on 8th April 1997 as a Limited Liability Company in Tanzania, with the objective of processing and exporting Nile Perch Fillets.
This plant has been established for the purpose of development of value added products suitable for the supermarket and retail outlet distribution. The installed capacity of the plant is 6,000 MT of fish fillet per annum.
The Group has originally negotiated for this plant, a long-term development loan from the International Finance Corporation (I.F.C.), the commercial arm of the World Bank. This loan was subsequently replaced with a term loan from NBC Ltd, to achieve lower borrowing costs.
This processing facility, in due course, will be geared more towards manufacturing value added Nile Perch products like pre-packed portions, breaded and battered products, ready for retail distribution worldwide.