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Apr 7, 2026 4:40 AM

AgDevCo commits $15m follow-on investment to Victory Group

LONDON, April 07, 2026 (GLOBE NEWSWIRE) -- AgDevCo, the specialist agriculture investor, has made a $15 million follow-on investment in Victory Group, an East African aquaculture company producing and distributing Nile tilapia.

Victory Group farms tilapia on Lake Victoria in Kenya and Lake Kivu in Rwanda. The company sells fresh fish to thousands of mama samakis (female market traders), via more than one hundred sales outlets. The company expects to produce 30,000 tons of fish in 2026, helping broaden access to affordable and sustainable protein across the region.

The financing will support Victory Group's next phase of expansion, including multiple new ...