Aqua-Spark Africa fund reaches first close at $48m
Fund strategy centres on building sustainable fish farming supply chains.
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Aqua-Spark said its Aqua-Spark Africa fund has achieved a first close of $48 million. The vehicle is structured as an open-ended fund focused on sustainable aquaculture across sub-Saharan Africa.
The fund will invest in companies, infrastructure and innovations needed to build out the aquaculture value chain. Aqua-Spark aims to support the production of sustainable, accessible and nutritious protein across the region.
Aqua-Spark plans to grow the Aqua-Spark Africa platform to $250 million over the next decade.
Cornerstone investors include KfW, the German development bank, as well as AgriFI, an EU-funded blending facility supporting investment in agriculture in developing countries. Other backers named by Aqua-Spark include Gatsby Africa and the Livelihood Impact Fund.
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