economic analysis of small-scale tilapia aquaculture in mozambique

Salia
TABLE OF CONTENTS
1 INTRODUCTION ............................................................................................................................... 5
2 JUSTIFICATIONS ............................................................................................................................... 6
2.1 Vision ....................................................................................................................................... 6
3 LITERATURE REVIEW ........................................................................................................................ 7
3.1 World aquaculture ................................................................................................................... 7
3.2 Sub-Saharan Africa aquaculture .............................................................................................. 8
3.3 Aquaculture in Mozambique ................................................................................................... 9
3.4 General economic analysis .................................................................................................... 10
4 METHODOLOGIES .......................................................................................................................... 12
4.1 Data analysis .......................................................................................................................... 12
4.2 Production planning model ................................................................................................... 13
4.2.1 One pond model ............................................................................................................ 13
5 PLANNING FARM OPERATION ....................................................................................................... 15
5.1 Profitability model ................................................................................................................. 15
5.2 Investment costs ................................................................................................................... 16
5.3 Operating costs ...................................................................................................................... 17
5.3.1 Expected returns ............................................................................................................ 17
6 RESULTS ......................................................................................................................................... 18
6.1 The net and total cash flow ................................................................................................... 18
6.2 Accumulated net present value (NPV) .................................................................................. 18
6.3 Internal rate of return (IRR) ................................................................................................... 19
6.4 Debt service coverage ratio ................................................................................................... 19
6.5 The net current ratio ............................................................................................................. 20
6.6 Sensitivity analysis ................................................................................................................. 20
7 DISCUSSION ................................................................................................................................... 21
8 CONCLUSION ................................................................................................................................. 22
ACKNOWLEDGEMENTS ......................................................................................................................... 23
LIST OF REFERENCES .............................................................................................................................. 24
APPENDICES ........................................................................................................................................... 27
UNU-Fisheries Training Programme 2