In Africa, Hauge Aqua sees great opportunities in farming freshwater fish tilapia. Transfer of expertise, technology and finance from Norway will give hope and transform lives of thousands.
Tilapia farming is a major industry in Asia and Central America, but not in Africa where from tilapia originates. Through technology and expertise we want to produce efficiently and sustainably so that more people can access nutritious and healthy fish as part of their everyday menu.
Since its inception, Hauge Aqua has also been involved in East Africa. In October 2013, one was entered into MoU with Burundian authorities to develop aquaculture sector in the country based on tilapia production. This agreement ran for five years and could be renewed thereafter. After a thorough consideration we decided not to renew the agreement when it expired in 2018. The main reason for this was that Burundi has been politically troubled 2015 -2020 and the framework for attracting investors has not been ideal. Hauge Aqua does not exclude the possibilty that we might later rekindle the engagement in Burundi, but currently we are pursuing other opportunities.
Through a total of around 20 journeys we have achieved good understanding of the East Africa region opportunities within aquaculture, risk and market. We've worked up a significant network with contact and resource persons which can be drawn on if needed.
Currently our commercial engagement in Africa are focused on Rwanda, and more specifically Lake Kivu where we currently are aiming for commercial operation together with investors.