ImpactAlpha, November 28 – Africa’s fast-growing population is driving increased demand for protein, including fish. With local production dwindling, Kenya is meeting demand with imports.
Aquarech gives local, small-scale producers a boost by connecting them to quality inputs, like fish feed, and buyers. The company provides access to credit for buying farm supplies. Its mobile app provides farm data management and climate-smart and precision-farming tips.
Aquarech co-founder Dave Okech, a former fish farmer, experienced first-hand the challenges of acquiring high-quality feed, finding cold-storage facilities and negotiating sales prices.
Impact investors Aqua-Spark, Acumen, Katapult and Mercy Corp Ventures backed the company’s $1.7 million equity round.