"Raising funds during COVID is difficult enough, doing it in Africa makes it even more difficult," Lake Harvest CEO James de la Fargue told IntraFish with relief days after the announcement of Aqua-Spark's $7 million investment in the firm.

The cash injection into the African Century-owned tilapia producer will be used to improve genetics and pull the multinational producer out of a period of under-feeding and into stable biomass growth.