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Kivu Choice

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Vertically integrated aquaculture for affordable protein production

Kigali City, RwandaFounded 2021Energy
Headcount 100–500 Current team size
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Kivu Choice and the history behind them.

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 data

At 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

Funding history

1 recorded event

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
DEBT✓Debt Oct 2024 $3.7M — Bank of Kigali ↗
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Growth signals

Kivu Choice website traffic

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.

Latest monthly visits470 3-month web change-90% 1-year team growth+47.8%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

1 investor on the cap table

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
Team profiled 3 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🏳️ Rwanda · Kigali City HQ
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Market sentiment

Posts on X, past 7 days

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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