Africa

Prospect origins

Cycle Farms has been created by three partners with competences and experiences on African food and feed markets in which they have been involved at the beginning of their careers. The founders was very curious to discover new markets and opportunities and have taken the lead on a short sentence : “Insect as the future of feed for Africa”. With natural resources and climate on the continent, Cycle Farms has thought since the beginning that insect could bring a sustainable and affordable protein for the African feed market.

Volta Lake, one of the most important production area for fish in Africa (Photo Cycle Farms)

Starting point

New technologies has always been oriented to developed markets such as Europe or North America. However, this part of the world has an abundance of local solutions to bring better resources to the animal production sector. African breeding sector is very vulnerable because of the use of more than 90% of imported products or raw materials. This is also the case in many sectors. In all of this, trade deficits are still increasing, weakening agriculture sector and depending population, as well as producers and consumers.

Nevertheless, these markets are very demanding for going out of this vicious circle.

Local presence

Cycle Farms started its prospection by a precise market study in different African regions. Then, the team identified the best opportunities, taking into account geopolitical situation, local animal production and food consumption. From this, we started to select interesting sectors.

Cycle Farms Ghana’s banner (Cycle Farms Ghana)

Ghana was our first target for our development. Fish farming in Ghana has increased for the last ten years and offers an easy integration into the present value chain. The feed is mainly coming from importation as well as raw material for fish feed. Ghanaian population is consuming around 200 000 MT per year of fish. Fish production is also competing with Asian tilapia, mainly produced in China and which came to the market frozen.

Outlook

Cycle Farms’ project in Ghana is in full expansion and will produce 3 500 MT per year for fish feed. This first factory will allow the company to prove its model. Meanwhile, Cycle Farms is still working with different partners to develop new projects on the Africa ground to increase the impact of its technology.

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