Title: Economic analysis of small-scale Tilapia aquaculture in Mozambique

The aim of this project is to make an economical analysis of small-scale fish farm investment and operations under the environmental and financial conditions in Mozambique. For this purpose/reason, 500 m2 of the pond was used as the basis for analysis because this is the average size used by most private fish farmers in Mozambique.
The profitability of the venture was determined using indicators of investment returns including net present value (NPV), internal rate of return (IRR) and payback period as well as analysis of the risks that could be involved. The results obtained indicate a positive NPV of USD 891 for the capital invested and 1,645 for the equity when 15% of the marginal attractive ratio (MARR) is used. The payback period was eight years for the total capital invested, and three years for the equity. The ratio capital and equity after 10 years equals 4.6.