The Zanzibar Seaweed Company is a Government-owned entity established under the Companies Act Number 15 of 2013. The company was officially registered on January 17, 2022, with the registration number Z0000137114.

The Zanzibar Seaweed Company operates as an independent entity under the Ministry of Trade and Industrial Development Zanzibar, and is managed based on the shares held by its stakeholders. These stakeholders are the Zanzibar Ports Corporation (ZPC) with 25%, the Zanzibar Insurance Corporation (ZIC) with 11%, the Zanzibar State Trading Corporation (ZSTC) with 13%, and the Zanzibar Social Security Fund (ZSSF) with 51%.