aqua-spark | January 12, 2022

Aqua-Spark backs Lake Harvest to expand sustainable aquaculture in Africa

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, January 12 — Aqua-Spark is launching a subsidiary to help build out local and regional aquaculture supply chains in Africa.

The investment in Lake Harvest, which has distribution across east and southern Africa, follows an Aqua-Spark report that found tilapia can provide sustainable and affordable protein to help feed Africa’s fast-growing population.

The Dutch impact fund, alongside Norway’s NORFUND, invested $7 million in Lake Harvest’s tilapia operations in Zimbabwe, Zambia and Uganda.

Aqua-Spark also backed agtech startup eFishery’s $90 million Series C round to provide Indonesian fish and shrimp farmers with access to buyers, financing, feed and hardware. “We are focused on increasing farmers’ productivity,” said eFishery’s Gibran Huzaifah.

Other investors include Temasek, Sequoia Capital India and Wavemaker Partners.