Investors and partners
Investing in PROAQUI
USD 122 million consolidated investment · 8 structuring lenders · Financial closing targeted September 2026.
The opportunity
An industrial aquaculture project of regional leadership
PROAQUI mobilizes a consolidated investment of FCFA 73.3 billion (~ USD 122 million) over 10 years to produce, at full capacity, 45,000 tonnes of fresh tilapia per year in Cameroon, within a vertically integrated and globally aligned value chain. The two-phase structure (FCFA 42.5 billion Phase 1 + FCFA 30.8 billion Phase 2) enables a controlled ramp-up and progressive lender exposure.
At Year 7, the project reaches a target project IRR of 22.4%, an average target DSCR of 1.64x, and a Weighted Average Cost of Capital (WACC) of 6.7%. PROAQUI's share of total Cameroonian fish consumption remains at 6.3%, confirming the absence of local market saturation risk and the relevance of the CEMAC export strategy to absorb additional Phase 2 volumes.
Key financial indicators
| Total consolidated investment | FCFA 73.3 billion (~ USD 122M) |
| Phase 1 (Years 1 to 3) | FCFA 42.5 billion — COD 1 July 2028 |
| Phase 2 (Years 4 to 7) | FCFA 30.8 billion — COD 1 July 2032 |
| Target project IRR | 22.4% |
| Average target DSCR | 1.64x |
| WACC | 6.7% |
| Target financial closing | September 2026 |
Download
PROAQUI Brochure
16 bilingual pages detailing the investment opportunity, financing round structure, financial indicators and closing timeline.
Due diligence documentation
Secure Data Room
Qualified lenders can access the PROAQUI Data Room under non-disclosure agreement (NDA). Available documents:
- PROAQUI Business Plan ZG-DAF-2026-BP-001 (513 pages)
- Financial Model ZG-DAF-2026-MF-001 (Excel, 19 tabs)
- Information Memorandum ZG-DAF-2026-IM-001 (59 pages)
- Technical Specifications ZG-DAF-2026-CDC-001 (15 specs)
- Species Recommendation Note ZG-DAF-2026-NRO-001
- Mbakaou/Nyong Sites Expert Analysis (34 peer-reviewed sources)
Financing round structure
Eight structuring lenders mobilized
The PROAQUI financing plan mobilizes eight structuring institutional lenders, complemented by shareholder equity. This diversification ensures financial redundancy and alignment with international standards for industrial aquaculture project closing.
| Lender | Type | Status |
|---|---|---|
| AfDB — African Development Bank | Lead arranger | Financing round |
| BDEAC — Development Bank of Central African States | CEMAC co-arranger | Financing round |
| Proparco | AFD subsidiary — Private sector | Financing round |
| UNCDF — United Nations Capital Development Fund | Impact grant | Financing round |
| Banco do Brasil | Partner commercial bank | Financing round |
| BAC + BC-PME (Cameroon) | Local commercial banks | Financing round |
| Republic of Cameroon | Guarantees + granted land | Formalized commitment |
| Shareholder equity | Own funds + Q3-2026 capital increase | Committed |
Fundraising team
Your dedicated contact
Chief Financial Officer
Zeideal Group SAS' CFO leads the entire fundraising process and is the single point of contact for lenders during pre-due diligence, in-depth due diligence, term sheet negotiation and closing.
Email: investors@zeidealgroup.com
Response commitment: within 24 working hours