East African insect company, BioBuu, has secured $200,000 in seed funding from the GIIG Africa Fund. The funding is aimed at expanding BioBuu's product range, increasing production and export capabilities in Tanzania and Kenya, and hiring additional talent.
Founded in Tanzania in 2015, BioBuu uses black soldier flies to process and recycle organic waste from restaurants and households into high-protein chicken and fish feed and organic compost. Its products are sold to farmers, who use them to improve crop yields and replace more expensive animal feeds, reducing the amount of food waste that ends up in landfills.
BioBuu aims to expand its floating fish pellet production capabilities in Tanzania and begin exporting insect protein out of its facility in Kenya. The funding will also be used to commercialize both the insect oil pressed from the protein and the carbon credits offset by reducing waste to landfills. The company plans to hire more staff to take in more waste and scale up operations across its two factories.
According to the Food and Agriculture Organization, sustaining Africa's growing population will require a 70% increase in world food production, with the World Bank estimating that global waste will amount to 3.4 billion metric tons each year by 2050. BioBuu's sustainable animal feed company and social enterprise address this challenge by recycling organic refuse into animal feed and fertilizer, reducing the amount of food waste that ends up in landfills, and improving the quality of agriculture in Africa.
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