Aqua-Spark Africa

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Project overview

Aqua-Spark is among the world’s largest funds investing in a sustainable aquaculture industry, with long-term investments that enable innovative farming of among others fish and shellfish in the ocean and freshwaters. The global fund made its first investment in 2014 and has attracted a global investor base. Aqua-Spark is now launching a second fund dedicated to the development of the African aquaculture sector.

Funding objective

AgriFI’s investment contributes to the first-close of EUR 42M, which also include KfW. Investments are made in African companies across the aquaculture value chain in the form of minority equity participations. The fund has an open-ended structure, which is suitable for the long-term investments the aquaculture sector requires.

Investment rationale

With this investment, AgriFI intends to demonstrate that it is possible to run sustainable, profitable operations in this sector, with the aim to catalyze additional funding for the aquaculture sector. The fund contributes to the structuring of the aquaculture sector in Africa and has a significant potential to make impact, including on smallholder farmers in this value chain. Additionally, this investment benefits food security, with higher protein availability locally.