AgDevCo's investment will fund the construction of a modern processing facility and the acquisition of production equipment, enabling the company to increase its capacity to 30,000 tonnes within five years. Ghana has one of Africa's highest fish consumption rates, consuming over 800,000 tonnes annually. The management team at Tropo Farms is confident that this investment will enhance the country's aquaculture industry, helping to meet the growing local demand for quality, affordable fish as a sustainable alternative to wild catch and imports.

Mark Amechi is the founder of Tropo Farms. Upon signing the investment agreement, he stated that this agreement "will not only allow us to increase our production volume and market share in Ghana but also represents a crucial step toward achieving our long-held goal of expanding into the underdeveloped aquaculture sector in West Africa."

Francisco Murillo, CEO of Tropo Farms, commented that the investment represents a significant milestone for the company. He stated, “The loan will enhance our logistics and distribution network, providing greater benefits to the communities where we operate. We are pleased to partner with AgDevCo, as they offer flexible long-term capital to support our growth along with valuable agribusiness expertise.”

Kweku Koranteng serves as AgDevCo's Investment Director for West Africa. He stated, "Investing in Tropo Farms supports the production of a crucial protein source in Ghana, contributes to reducing imports, and promotes economic growth. Our investment will improve operational efficiency and encourage sustainable aquaculture practices."

Tropo Farms is exploring opportunities for additional aquaculture projects in West Africa, which it intends to pursue in collaboration with AgDevCo and other strategic co-investors. AgDevCo has completed over 65 investments, supported by a $280 million loan facility. Its vision is to create a thriving commercial agriculture sector that benefits both people and the planet by supporting agribusinesses in growing, creating jobs, producing and processing food, and connecting farmers to markets.