The open-ended fund dedicated to catalyzing aquaculture in Sub-Saharan Africa will continue to expand until it deploys USD 250 million over the next decade.
Lissy Smit has decided to move on from her role as CEO of the aquaculture investment firm. She will be replaced at the Aqua-Spark helm by co-founder Mike Velings from July 1 2024.
Germany, through its governmental development bank KfW, is the first contributor to Aqua-Spark's fund especially dedicated to catalyzing sustainable aquaculture in Africa.
Continuing its commitment against overfishing, Aqua-Spark invests in the Israeli FoodTech start-up Wanda Fish Technologies, a developer of premium-quality cultivated fish outside of the ocean.
Increasing investment in technology that enables a new growth model and in alternative feed ingredients are the key points on which Aqua-Spark focuses its strategy to achieve it.
