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Kivu Choice
Vertically integrated aquaculture for affordable protein production
About Kivu Choice
Kivu Choice is a vertically integrated aquaculture company founded in late 2021 by Kamran Ahmad. After visiting Rwanda in 2019 and working at Victory Farms in Kenya, Ahmad was inspired to address the need for affordable and sustainable protein in the region by launching a counterpart in Rwanda. The company is a sister company to Victory Farms, the largest aquaculture platform in East Africa.
The business model encompasses the entire value chain, including a feed mill, a state-of-the-art hatchery for tilapia fingerlings, cage-based fish farming on Lake Kivu, and a distribution network with its own sales outlets. The company's primary product is fresh tilapia, which it harvests daily to ensure quality. By managing its own distribution, Kivu Choice aims to provide the lowest possible price and greatest accessibility to customers across Rwanda, selling fish through its branded outlets in major markets. The business generates revenue through the sale of its fish to consumers and by supplying fingerlings to smallholder farmers.
Significant milestones for the company include launching its first branch in November 2022, raising $35 million in a Series B funding round in April 2023—the largest in the African aquaculture industry—and reaching an annualized production of 3,000 metric tons by May 2024. The company operates under a 30-year lease agreement with the Government of Rwanda for the Kigembe Fish Farm, which it has scaled into the largest fingerling producer in the country. In May 2025, the company launched 30-meter diameter cages, the largest in Africa, to significantly increase its production capacity. Kivu Choice's mission is to democratize access to animal protein by increasing affordability and supply, with a long-term goal of producing over 50 million fish meals per year for Rwanda, the DRC, and Burundi.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2021
- Headquarters
- Kigali City, Rwanda
- Employees
- 99
- Open positions
- None listed
- Dealroom signal
- 86.0/100
- Industry
- Energy
- Sector
- Energy, Aquaculture, Alternative Protein, Sustainable Development Goals, Climate Tech, Blue Economy
- Business model
- Manufacturing
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| DEBT✓Debt | Oct 2024 | $3.7M | — | Bank of Kigali | ↗ |
Growth signals
Latest recorded traffic for Kivu Choice is 470 monthly website visits, down 90% over the last three months. Kivu Choice's team grew 47.8% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series B and later1 investor entered at this stage
Bank of Kigali
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
An AI-synthesised read of the highest-engagement posts about Kivu Choice on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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