DGGF investment for sustainable fish farm in Ethiopia
Africa Sustainable Aquaculture (ASA) recently received a DGGF loan to buy and install tanks and cages for farming fish. ASA will also build a hatchery with room for processing and cleaning the tilapia. ASA distributes the fish within Ethiopia and exports it as well. This contributes to food security and employment in the African country.
Together with local entrepreneurs, ASA initiates and develops a commercial and sustainable aquaculture sector. The focus is on farming tilapia for the local market and export to neighbouring countries. Export is expected to start in mid-2018.
Fish in water
Koen Hamers and Martijn Braaksma from the Netherlands Enterprise Agency visited Ethiopia in early May. During the working visit, they spoke to Dutch entrepreneurs about funding and technical assistance. They also visited several projects financed with DGGF and monitored the progress.
'Despite the challenging circumstances for ASA, the entrepreneurs feel like a fish in water and are confident that they can move their projects forward with DGGF financing,' says Martijn Braaksma.
On the 22nd of March, Bart Kraai and Bouwe Hofstee, ASA shareholders, signed a € 500,000 DGGF loan to further develop the fish farm.