Insect protein feed in a circular economy
The following SDG impact is applicable to Akwaaba Feeds:
Poultry feed accounts for about 70 per cent of total animal feed produced in Ghana. Yet, over the past two decades, Ghana’s poultry sector has experienced a steep decline with many commercial poultry farms that were established in the late 1960s and early 1970s having collapsed or are on the verge of collapsing. This is as a result of the high cost or unavailability of maize (one main component of poultry feed).
Akwaaba Feeds since its inception 2017, has provided high-quality and affordable poultry and pig feed for sale to poultry and livestock farmers through the support of Bioproton Pty Ltd, an Australian based developer and manufacturer of high-quality enzyme, surfactant and probiotic animal feed supplements. Bioproton sells the Feed enzymes to Akwaaba Feeds and then offers technical assistance by providing the feed formulation and industry research to Akwaaba Feeds.
Wangara’s support has enabled Akwaaba Feed to scale with their feed produce and also now expanded into the production of maggots for insect protein and water hyacinth to be used in their feed formulation in order to reduce its input cost and have positive environmental and climate impact. Akwaaba Feeds also ensures that its waste in the production of insect protein is reused. They also see to it that the polysacks used to package its products are reused by reselling them to be used as bags for market products
Again, using Wangara’s investment, Akwaaba Feeds is installing solar panels at its factory. Akwaaba Feeds aims to cover 50% of its energy needs through solar power generated on site by 2024, rising to 70% by 2025
Akwaaba Feeds’ target market for its products are wholesale distribution networks who then sell directly to Poultry Farmers and other livestock farmers. Akwaaba hopes to grow its market share to at least 10% market share within Accra, Kumasi, and Brong- Ahafo by the end of 2022.