Benguela Blue Aqua Farming
The Africa’s First & Largest Salmon Farming Project
The Benguela Blue Aqua Farming project is the stepping stone for a large scale industrial aquaculture cluster in one of the best positioned locations in the world.
And an investment opportunity hard to come by.
And an investment opportunity hard to come by.
- $400+ mln EquityEquity valuation at a full scale operation (debt repaid)
- $160+ mln RevenueAverage sales value total for the biomass ripe for harvesting
- $65+ mln EBITDAInitial only processing, branded products sales not included
- >20%
IRRLong-term project IRR
For first movers IRR exceeds 30%
The financial highlights are calculated based on very conservative inputs and generally understate true scale and potential of the project. Actual performance will overdeliver on the promise. Take sales price as the example: $8.1 per kg for gutted head-on salmon has been taken into calculation while prices in mid 2022 had reached $12.58 on the back of both increasing demand and still insufficient supply (and, to the lesser extent, due to increasing logistic costs).
- 35 000 MT
ClearedUnder current Environmental Clearance Certificate . Waters allow for 3-4 times that scale - 24 000 MT
PlannedLarge but manageable tech and investment-wise standalone site - 7 grids, feeder, lab, hatcheryMinimal self-sustainable setup hedging against major input risks
- Focus at local inputsFeed supply from South Africa; energy, smolt, labour – locally
To provide a perspective, global farmed Atlantic salmon production in 2021 reached 2.8 million tonnes among the majors of Norway, Chile, UK & Ireland and emerging producer nations of Iceland, the Russian Federation and Australia (source: GLOBEFISH HIGHLIGHTS | 2nd issue 2022). At ca. 1% of global production the project won't upset supply-demand balance and will reap benefits of established and expanding salmon market
Recent Developments
Why Salmon?
Marketability: Salmon is a globally accepted, high-status and uniquely positioned seafood item and the largest single fish commodity by value.
Salmonids have been the most important commodity traded in value terms since 2013 and accounted for 19% of the total value of internationally traded fish products in 2018.
Marketability: Salmon is a globally accepted, high-status and uniquely positioned seafood item and the largest single fish commodity by value.
Salmonids have been the most important commodity traded in value terms since 2013 and accounted for 19% of the total value of internationally traded fish products in 2018.
The global salmon market size was valued at $50 bn in 2020 and is estimated to reach $76 bn by 2028.
Growing demand for salmon in Asia-Pacific and Latin America easily absorbs 6-7% of excess supply per year without price drops. To the contrary, salmon prices keep soaring year-on-year at the back of salmon demand recovery worldwide and supply still not keeping up with demand despite continuously increasing production.
Growing demand for salmon in Asia-Pacific and Latin America easily absorbs 6-7% of excess supply per year without price drops. To the contrary, salmon prices keep soaring year-on-year at the back of salmon demand recovery worldwide and supply still not keeping up with demand despite continuously increasing production.
Well-established high value commodity – scalable and salable around most of the world
Proven tech: most of commercially available Atlantic salmon is farmed
Farmed Atlantic salmon constitute more than 90% of the farmed salmon market, and more than 50% of the total global salmon market.
Salmon aquaculture benefits from established production methods, species and age class-specific diets and veterinary science that are more advanced for salmon than any other species.
Farmed Atlantic salmon constitute more than 90% of the farmed salmon market, and more than 50% of the total global salmon market.
Salmon aquaculture benefits from established production methods, species and age class-specific diets and veterinary science that are more advanced for salmon than any other species.
Salmon is also one of few species for which managers with experience in growing that species can be readily hired.
Fish farming allows greater control over production processes than do capture fisheries, and it is more conducive to vertical and horizontal integration in production and supply chains. The expansion in aquaculture production has resulted in a steady increase in the rates of per capita consumption in recent years.
Fish farming allows greater control over production processes than do capture fisheries, and it is more conducive to vertical and horizontal integration in production and supply chains. The expansion in aquaculture production has resulted in a steady increase in the rates of per capita consumption in recent years.
Honed production technology, professional research, equipment and input suppliers, competent specialists and management, clear financing options – all is dialed in for plug-in-play operation.
The only real challenge is finding a location supporting sustainable and consistent aqua farming. And we have one of the best of its kind here at Benguela Blue Aqua Farming.
Why Namibia?
It’s the next "Chile" for Salmon aquaculture
In 1979 Chile’s aquaculture started from scratch and by 1992 became the 2nd largest and remained 2nd only to "the cradle of industrial salmon aquaculture" – Norway.
Namibia has all prerequisites to replicate the success
It’s the next "Chile" for Salmon aquaculture
In 1979 Chile’s aquaculture started from scratch and by 1992 became the 2nd largest and remained 2nd only to "the cradle of industrial salmon aquaculture" – Norway.
Namibia has all prerequisites to replicate the success
Conditions that Benguela current creates for salmon aquaculture are extremely rare in the world
The counterclockwise gyre in the south Atlantic Ocean brings cold water from a current that abuts with the Antarctic circumpolar current to form the Benguela current. Cold waters from the depth also up well as they are pushed against the continental shelf, creating cold, nutrient-rich water masses near shore. Ideal conditions for salmon farming
- Temperature10-16 °C is the optimal range for Salmon. Waters offshore Lüderitz are 14-19 °C temperature on surface, but existing tech and sufficient depth allow to drop the temp down it to the optimum.1
- OxygenationOxygen saturation levels on average do not drop lower 80% which considered to be the threshold for sustainable development of the specie.
2 - Current VelocityThe average current velocity of 0.1 m/s puts low to moderate drag on the submersible system and is optimal for salmon being an active and free swimming species. It also provides healthy conditions for farming by removing fish water and bringing in clean oxygenated water.3
- DepthMoving pens further offshore and underneath the water surface helps to escape waves and to avoid close to shore waters warm and cozy for bacteria, algae and potential crossover parasites.4
- No salmon "siblings"Not being native species to Southern hemisphere Salmon has no chances to interbreed and lack of cold rivers won't allow it to propagate and disrupt local balance .
What's equally important there are no sea lice or other parasites posing real threat to livestock - low parasite loads will result in higher volumes and lower operating costs and risks.5 - Low Vessel TrafficLuderitz is far less busy port and no oil drilling leases issued in the nearby water area which otherwise could be a complication and a potential threat to the facility.6
10-16 °C is the optimal range for Salmon. Waters offshore Lüderitz are 14-19 °C temperature on surface, but existing tech and sufficient depth allow to drop the temp down it to the optimum.
Oxygen saturation levels on average do not drop lower 80% which considered to be the threshold for sustainable development of the specie.
The average current velocity of 0.1 m/s puts low to moderate drag on the submersible system and is optimal for salmon being an active and free swimming species. It also provides healthy conditions for farming by removing fish water and bringing in clean oxygenated water.
Moving pens further offshore and underneath the water surface helps to escape waves and to avoid close to shore waters warm and cozy for bacteria, algae and potential crossover parasites.
Not being native species to Southern hemisphere Salmon has no chances to interbreed and lack of cold rivers won't allow it to propagate and disrupt local balance .
What's equally important there are no sea lice or other parasites posing real threat to livestock - low parasite loads will result in higher volumes and lower operating costs and risks.
What's equally important there are no sea lice or other parasites posing real threat to livestock - low parasite loads will result in higher volumes and lower operating costs and risks.
Luderitz is far less busy port and no oil drilling leases issued in the nearby water area which otherwise could be a complication and a potential threat to the facility.
Grown in Africa – what could be a better marketing pitch for organic and traceable food commodity?
Namibia is one of the cleanest countries globally without massive polluting facilities of its own or of neighboring countries.
Namibia is already a byword for eco tourism, unscarred environment, thrills of massive and powerful nature. What could be a better setting to market responsibly grown food than this?
Nutritious and clean salmon from the heart of Africa – Benguela salmon.
Namibia is already a byword for eco tourism, unscarred environment, thrills of massive and powerful nature. What could be a better setting to market responsibly grown food than this?
Nutritious and clean salmon from the heart of Africa – Benguela salmon.
Business context
Stable economy and transparent rules of game: Namibia not only unique salmon aquaculture location, but a good investment destination
- Stable economybased on resources export with fish being among major commodities making it more conducive to new fish related projects especially those that do not take away from the existing sector but add to and diversify it.01
- Welcoming and friendly
society with multiple ethnic groups beneficially and tensions freely living together (Namibia among the safest countries in Africa), with English being the official language making social and business environment transparent and easy to navigate.02 - Existing access to EUmarket with fish and other food produce will make it by far easier to certify new salmon supplies to EU. And American-led African Growth and Opportunity Act (AGOA) and post-AFOA agreements provide beneficial conditions for African exporters to the US market with origin traceable produce.03
- The government actively courts foreign investmentthru guarantees against nationalization, freedom to remit capital and profits, currency convertibility and equitable disputes settling. And with Namibia Investment Promotion and Development Board lifting bureaucratic red tape and pushing quality investment initiatives forward.04
- Agreements with leading universitiesof Namibia to promote the project among students and graduates to attain bright-minded interns to become high quality specialists in the new sector.05
- Superb transportation backbone and regional integrationallow for customs and hustle free delivery of key inputs from local Southern African countries. It is especially important for feed constituting over 50% of operating cost of a salmon farming facility.06
- Agriculture is seen as the strategic industryThough riddled with harsh climate conditions it is getting extensive initiatives from local government and consultancy and relief measures from international institutions. Combination with smart farming methods would allow to expand the potential and utilize it to the full extent. Sustainable aqua farming is an important part of that potential.07
based on resources export with fish being among major commodities making it more conducive to new fish related projects especially those that do not take away from the existing sector but add to and diversify it.
society with multiple ethnic groups beneficially and tensions freely living together (Namibia among the safest countries in Africa), with English being the official language making social and business environment transparent and easy to navigate.
market with fish and other food produce will make it by far easier to certify new salmon supplies to EU. And American-led African Growth and Opportunity Act (AGOA) and post-AFOA agreements provide beneficial conditions for African exporters to the US market with origin traceable produce.
thru guarantees against nationalization, freedom to remit capital and profits, currency convertibility and equitable disputes settling. And with Namibia Investment Promotion and Development Board lifting bureaucratic red tape and pushing quality investment initiatives forward.
of Namibia to promote the project among students and graduates to attain bright-minded interns to become high quality specialists in the new sector.
allow for customs and hustle free delivery of key inputs from local Southern African countries. It is especially important for feed constituting over 50% of operating cost of a salmon farming facility.
Though riddled with harsh climate conditions it is getting extensive initiatives from local government and consultancy and relief measures from international institutions. Combination with smart farming methods would allow to expand the potential and utilize it to the full extent. Sustainable aqua farming is an important part of that potential.
Ideal combination of aquatic conditions and business landscape
The site 5 nautical miles offshore Lüderitz has been chosen for number of reasons: Benguela current is still cold enough here to provide optimal temperature for salmon development, there is significantly less vessel traffic, no oil field up for development, and inland there is a modern port, well-developed logistics and business infrastructure.
Innovasea as the technology provider and contractor
The project planned to be run on the latest Innovasea SeaStation pens in combination with submerged grids, submerged feed distribution systems, wireless sensors.
Innovasea being as well a general contractor will secure that the site will be delivered as a complete solution and that all components will work seamlessly and faultlessly (compatible equipment, proper tolerances, synchronized servicing plan).
Innovasea being as well a general contractor will secure that the site will be delivered as a complete solution and that all components will work seamlessly and faultlessly (compatible equipment, proper tolerances, synchronized servicing plan).
Aquaculture is the future that's already here. For the past 30 years it has tripled in the output while wild catch has been stagnant at the brink of natural resources sustainability (and in some cases shall still be scaled down in order not to japordize ecosystems).
The real way forward for sufficient and sustainable supply of high quality fish and marine produce is projects like Benguela Blue Aqua Farming combining unique environmental prerequisites and efficient technology.
Staging
Stage 0. Scouting and Pre-investment Workup – DONE
Environmental Clearance Certificate: fundamental feasibility check done
Farming license: record breaking 35 000 MT/year license fixed subject to POC
Key specialists retained: top grade fish farming expert with local expertise
Government and local community backing: 360° support for the project
Farming license: record breaking 35 000 MT/year license fixed subject to POC
Key specialists retained: top grade fish farming expert with local expertise
Government and local community backing: 360° support for the project
Stage 1. Proof of Concept – ONGOING
Seed investment: see the financial forecast and the investment offer next
Infrastructure roll-out: off and onshore facilities construction
Feed conversion, mass increase ratios verified: the 2 ultimate metrics
Infrastructure roll-out: off and onshore facilities construction
Feed conversion, mass increase ratios verified: the 2 ultimate metrics
First 100 MT of salmon farmed: to deliver prove of live for the concept
Stage 2. Scaling – PLANNED
Spanning across several years is a gradual and diligently planned build-up of the all facilities to support target production of 24 000 MT per year with potential for overdrive to 35 000 MT per year as permitted by the license
Stage 3. Vertical Integration – PLANNED
Smalt hatchery: to secure cost- and price-wise consistent supply of fingerlings
In-house processing: to ensure timely and rhythmical handling and shipping
Feed: to cut out long-range logistics, bring the cost down, hedge the risks
Some of the measures will be commissioned within Stage 2
In-house processing: to ensure timely and rhythmical handling and shipping
Feed: to cut out long-range logistics, bring the cost down, hedge the risks
Some of the measures will be commissioned within Stage 2
Stage 4. Expansion – PLANNED
Branded product: tapping into additional value with eco traceable produce
Additional farming sites: replicating the success story locally and state-wide
Complementary side projects: building a diversified agricultural hub utilizing the local potential: Renewables, Desalination plant, Aquaponics, Feed crops.
Additional farming sites: replicating the success story locally and state-wide
Complementary side projects: building a diversified agricultural hub utilizing the local potential: Renewables, Desalination plant, Aquaponics, Feed crops.
Project Financial Summary
Section 1. Investment and production
Revenue and profitability
Sale of products to start in year 4 – it takes roughly 12 months to tie it down to location, procure and setup the basic infrastructure, growing salmon to commercially valuable size takes another 18-24 months.
Revenue increases following the build-up of pens and grids – adding every pen would add another 215 MT in live weight and roughly 160 MT in gutted and ready to sell weight.
Revenue fluctuations are due to growth and harvest cycles of fish.
Excellent profitability forecasted is based on the scale of operations, lack of cost for license and application of the latest technology.
Sale of products to start in year 4 – it takes roughly 12 months to tie it down to location, procure and setup the basic infrastructure, growing salmon to commercially valuable size takes another 18-24 months.
Revenue increases following the build-up of pens and grids – adding every pen would add another 215 MT in live weight and roughly 160 MT in gutted and ready to sell weight.
Revenue fluctuations are due to growth and harvest cycles of fish.
Excellent profitability forecasted is based on the scale of operations, lack of cost for license and application of the latest technology.
Revenue and profitability
Sale of products to start in year 4 – it takes roughly 12 months to tie it down to location, procure and setup the basic infrastructure, growing salmon to commercially valuable size takes another 18-24 months.
Revenue increases following the build-up of pens and grids – adding every pen would add another 215 MT in live weight and roughly 160 MT in gutted and ready to sell weight.
Revenue fluctuations are due to growth and harvest cycles of fish.
Excellent profitability forecasted is based on the scale of operations, lack of cost for license and application of the latest technology.
Sale of products to start in year 4 – it takes roughly 12 months to tie it down to location, procure and setup the basic infrastructure, growing salmon to commercially valuable size takes another 18-24 months.
Revenue increases following the build-up of pens and grids – adding every pen would add another 215 MT in live weight and roughly 160 MT in gutted and ready to sell weight.
Revenue fluctuations are due to growth and harvest cycles of fish.
Excellent profitability forecasted is based on the scale of operations, lack of cost for license and application of the latest technology.
Capital expenditures
The first investment stage requires influx of 3.5 mln USD (thru The Level I Strategic investors round) for laying out basic infrastructure and commencing trial run production of first 100 MT of salmon.
Based on key operational metrics verified and all operation details dialed in the pre-approved long-term loan of 7 mln Euro provided by French investment fund Mirove will be released for further scaling the project to 500 MT.
Building on that, The Level II Strategic investors round will be held to retain all necessary funding to bring the project to the intended 24 000 MT per year.
The first investment stage requires influx of 3.5 mln USD (thru The Level I Strategic investors round) for laying out basic infrastructure and commencing trial run production of first 100 MT of salmon.
Based on key operational metrics verified and all operation details dialed in the pre-approved long-term loan of 7 mln Euro provided by French investment fund Mirove will be released for further scaling the project to 500 MT.
Building on that, The Level II Strategic investors round will be held to retain all necessary funding to bring the project to the intended 24 000 MT per year.
Capital expenditures
The first investment stage requires influx of 3.5 mln USD (thru The Level I Strategic investors round) for laying out basic infrastructure and commencing trial run production of first 100 MT of salmon.
Based on key operational metrics verified and all operation details dialed in the pre-approved long-term loan of 7 mln Euro provided by French investment fund Mirove will be released for further scaling the project to 500 MT.
Building on that, The Level II Strategic investors round will be held to retain all necessary funding to bring the project to the intended 24 000 MT per year.
The first investment stage requires influx of 3.5 mln USD (thru The Level I Strategic investors round) for laying out basic infrastructure and commencing trial run production of first 100 MT of salmon.
Based on key operational metrics verified and all operation details dialed in the pre-approved long-term loan of 7 mln Euro provided by French investment fund Mirove will be released for further scaling the project to 500 MT.
Building on that, The Level II Strategic investors round will be held to retain all necessary funding to bring the project to the intended 24 000 MT per year.
Financing summary
BENGUELA is a capital intensive but very lucrative project. We have elaborated a possible financing variant based on reasonable use of equity, mezzanine and a debt financing.
All debt shall be paid back within 14 years.
Starting in 2030 growing and very sizable profit payouts are projected.
BENGUELA is a capital intensive but very lucrative project. We have elaborated a possible financing variant based on reasonable use of equity, mezzanine and a debt financing.
All debt shall be paid back within 14 years.
Starting in 2030 growing and very sizable profit payouts are projected.
Financing summary
BENGUELA is a capital intensive but very lucrative project. We have elaborated a possible financing variant based on reasonable use of equity, mezzanine and a debt financing.
All debt shall be paid back within 14 years.
Starting in 2030 growing and very sizable profit payouts are projected.
BENGUELA is a capital intensive but very lucrative project. We have elaborated a possible financing variant based on reasonable use of equity, mezzanine and a debt financing.
All debt shall be paid back within 14 years.
Starting in 2030 growing and very sizable profit payouts are projected.
Section 2. Planned Financing Structure
Four main partners for structured financing
The chart outlines a likely scenario for the project's external financing: a combination of founders‘ equity, private equity, mezzanine financing and a senior loan.
While a senior loan provider benefits from the subordinated financing and is mainly attracted by the fixed interest, a mezzanine financing partner receives fixed interest and profit participation.
The assets-to-senior debt ratio remains constantly above 2, demonstrating sound financial stability.
Export finance/guarantees could be an alternative under certain circumstances.
While a senior loan provider benefits from the subordinated financing and is mainly attracted by the fixed interest, a mezzanine financing partner receives fixed interest and profit participation.
The assets-to-senior debt ratio remains constantly above 2, demonstrating sound financial stability.
Export finance/guarantees could be an alternative under certain circumstances.
Section 3. Investment Proposal
Rationale for current investment
The investment in a highly efficient industrial fish farming asset running on the latest tech.
Opportunity to tap in growing food demand and strengthening trend for healthy bio traceable food selling at a premium.
Early movers are benefiting from exceptionally high ROI based on low cost profile.
The project is carried out by the team with proven track record of delivered capital intensive startups and with business experience in Namibia.
All preparatory work is done, the project has a green light for commencing.
Opportunity to tap in growing food demand and strengthening trend for healthy bio traceable food selling at a premium.
Early movers are benefiting from exceptionally high ROI based on low cost profile.
The project is carried out by the team with proven track record of delivered capital intensive startups and with business experience in Namibia.
All preparatory work is done, the project has a green light for commencing.
Investment
Proposal
Proposal
Participation in the current Level I round for strategic investors secures equity share with full voting, access to information and dividend rights.
The equity share allocated for Level I investment round is
15-25% of the company.
Investor(s) are seen as strategic partners that co-operate with the management/founders in the development of the business. However, financial investors are very welcome joining in as well.
Longer investments will lead to higher IRRs given the relatively long investment sans and the expected increase in cashflow and retained earnings.
The equity share allocated for Level I investment round is
15-25% of the company.
Investor(s) are seen as strategic partners that co-operate with the management/founders in the development of the business. However, financial investors are very welcome joining in as well.
Longer investments will lead to higher IRRs given the relatively long investment sans and the expected increase in cashflow and retained earnings.
Income generation and exit options
Hold as long-term asset for high income generation through yearly dividends or exit during growth phases via sale to financial and industry investors or sale to other shareholders.
Potentially more means of trading of shares in the company will be found in the coming years.
Potentially more means of trading of shares in the company will be found in the coming years.
The investment in a highly efficient industrial fish farming asset running on the latest tech.
Opportunity to tap in growing food demand and strengthening trend for healthy bio traceable food selling at a premium.
Early movers are benefiting from exceptionally high ROI based on low cost profile.
The project is carried out by the team with proven track record of delivered capital intensive startups and with business experience in Namibia.
All preparatory work is done, the project has a green light for commencing.
Opportunity to tap in growing food demand and strengthening trend for healthy bio traceable food selling at a premium.
Early movers are benefiting from exceptionally high ROI based on low cost profile.
The project is carried out by the team with proven track record of delivered capital intensive startups and with business experience in Namibia.
All preparatory work is done, the project has a green light for commencing.
Participation in the current Level I round for strategic investors secures equity share with full voting, access to information and dividend rights.
The equity share allocated for Level I investment round is
15-25% of the company.
Investor(s) are seen as strategic partners that co-operate with the management/founders in the development of the business. However, financial investors are very welcome joining in as well.
Longer investments will lead to higher IRRs given the relatively long investment sans and the expected increase in cashflow and retained earnings.
The equity share allocated for Level I investment round is
15-25% of the company.
Investor(s) are seen as strategic partners that co-operate with the management/founders in the development of the business. However, financial investors are very welcome joining in as well.
Longer investments will lead to higher IRRs given the relatively long investment sans and the expected increase in cashflow and retained earnings.
Hold as long-term asset for high income generation through yearly dividends or exit during growth phases via sale to financial and industry investors or sale to other shareholders.
Potentially more means of trading of shares in the company will be found in the coming years.
Potentially more means of trading of shares in the company will be found in the coming years.
2030 Future Value
7th year exit option ($$)
7th year exit option ($$)
Provided development of the company as planned, it should generate EBITDA of ca 30 mln USD (average 3 years 2030-2032.
EBITDA/Enterprise Value multiple range of 6-7 used.
Resulting Future Valuation: USD 132 - 163 mln
EBITDA/Enterprise Value multiple range of 6-7 used.
Resulting Future Valuation: USD 132 - 163 mln
2031 Future Value
8th year exit option ($$$)
For this valuation the planned EBITDA of ca 40 mln USD (for the average 3 years 2031-2033) has been used.
EBITDA/Enterprise Value multiple range of 6-7 used.
Resulting Future Valuation: USD 243 - 287 mln
EBITDA/Enterprise Value multiple range of 6-7 used.
Resulting Future Valuation: USD 243 - 287 mln
The project offers multiple exit options tethered to the stages of development with the earliest one coming in 3rd year of investment after the "proof of concept" stage completed and operational metrics tested against benchmarks. At this point the whole project is dialed in to local environment and in terms of inputs and operations and ready for multiplication – from now on the equity value increases exponentially.
Meet The Team
Professionals, Enthusiasts and Visionaries
Professionals, Enthusiasts and Visionaries
- Johannes AldrianFounder, Finance & Technology
Serial investor and facilitator. Visionary.
The Benguela Blue Aqua Farming is not the first or the largest project carried out by Johannes in Namibia.
Previous cement plants roll-out in the country has earn Johannes the reputation with local business and authorities and it has provided deep understanding of the rules of engagement.
That knowledge is what lifted this project from a potent idea to the seed stage.
- Andre BokTechnical advisor, Rearing & Process Management
Andre achieved unprecedented mastery in complex fish farming industry ensuring stable output of high quality produce for over 30 years despite epizooty, sourcing and all imaginable issues.
The experience and competencies are further more valuable as the results were achieved within South Africa environment, with local means and supplies making it 99% transferable to The Benguela Blue Aqua project.
- Ole MaskarCo-Founder, Salmon sales expert
Being in and around salmon industry in Norway for decades, Ole accumulated all the tactics and best practices from the best there is.
Norway is the pioneer, undeniable leader in salmon farming and in global sales with farming sites and customers distributed all over the globe. If anyone knows how to grow salmon farming from Nordic extravaganza to multibillion business it's Norwegians. And Ole.
- Thomas MausbergCo-Founder, Namibia Expertise & Serial Investor
Namibia is a small country with huge potential which makes good business reputation worth its weight in gold.
Being a permanent resident and entrepreneur in Namibia for decades, Thomas is a valuable contributor and local guide for the project, who'll make sure the enterprise navigates the most optimal course to the planned results.
Meet The Team
Professionals, Enthusiasts and Visionaries
Professionals, Enthusiasts and Visionaries
Serial investor and facilitator. Visionary.
The Benguela Blue Aqua Farming is not the first or the largest project carried out by Johannes in Namibia. Previous cement plants roll-out in the country has earn Johannes the reputation with local business and authorities and it has provided deep understanding of the rules of engagement.
That knowledge is what lifted this project from a potent idea to the seed stage.
Andre achieved unprecedented mastery in complex fish farming industry ensuring stable output of high quality produce for over 30 years despite epizooty, sourcing and all imaginable issues.
The experience and competencies are further more valuable as the results were achieved within South Africa environment, with local means and supplies making it 99% transferable to The Benguela Blue Aqua project.
Being in and around salmon industry in Norway for decades, Ole accumulated all the tactics and best practices from the best there is.
Norway is the pioneer, undeniable leader in salmon farming and in global sales with farming sites and customers distributed all over the globe. If anyone knows how to grow salmon farming from Nordic extravaganza to multibillion business it's Norwegians. And Ole.
Namibia is a small country with huge potential which makes good business reputation worth its weight in gold.
Being a permanent resident and entrepreneur in Namibia for decades, Thomas is a valuable contributor and local guide for the project, who'll make sure the enterprise navigates the most optimal course to the planned results.
All the relevant
experience
experience
The team has 40+ years strong project management track record in Europe, South East Asia and Africa, specifically in Nigeria, Namibia and South Africa.
Both on a corporate side for major internationals and in entrepreneurial role.
Total scale of assets managed to the date is north of USD 500 mln.
Both on a corporate side for major internationals and in entrepreneurial role.
Total scale of assets managed to the date is north of USD 500 mln.
Strategic Partners
A leader in open water fish farming. Technology provider and general contractor for the Benguela project
Namibia Investment Promotion and Development Board. The Namibia’s lead investment promotion agency
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Email: BenguelaBlueAquaFarming@gmail.com
