Aller Aqua Zambia

Part of the FirstWave aquaculture platform

  • Sector: Aquaculture
  • Year of investment: 2018
  • Type of Investment: Growth/platform
  • Shareholding (indirect): 60%
  • HQ: Siavonga, Zambia
  • Market: Zambia, Uganda

Aller Aqua Zambia was founded in 2017 in partnership with Aller Aqua Group, one of the world’s most experienced suppliers of feed for freshwater aquaculture.

Aller Aqua Zambia provides high-quality feed to Yalelo Zambia and Uganda amongst other customers in the region. Continuous R&D in collaboration with Aller Aqua Group ensures ongoing improvements in feed quality and efficiency.

The majority of ingredients for feed production are sourced locally from Zambia. By producing high-quality feed with these local ingredients, Aller Aqua Zambia boosts feed conversion ratios (FCRs) leading to more efficient and affordable proteins.

Aller Aqua Zambia is part of the FirstWave aquaculture platform, the largest platform for fish farming in Sub-Saharan Africa.

Veris became the majority shareholder of Aller Aqua Zambia through FirstWave in 2020 and together with it co-shareholders FMO and Finnfund provides growth capital and assists on strategy, project development and operations to support Aller Aqua Zambia to provide high-quality feed to the wider region.


Significant highlights during our investment period

image for Construction started


Construction started

image for Creation of Firstwave, largest aquaculture platform in Sub-Saharan Africa


Creation of Firstwave, largest aquaculture platform in Sub-Saharan Africa