The Bug Picture is pioneering locally produced, environmentally beneficial protein for animal feed by converting organic waste into valuable, sustainably produced agricultural inputs of protein and fertilizer for the local East African market through the bio-processing powers of insects (black soldier fly larvae).

Market Opportunity/ Problem

Market research indicates the global black-soldier-fly market will reach $2.57B by 2030 with a CAGR of 33.3%. This high growth is attributed to growth in 1). global meat and aquaculture demand (expected to more than double in East Africa by 2050), 2). alternative proteins due to rising prices of soy and fish meal, 3). government support for the use of insect-meal in livestock feed, and 4). fundraising by key players operating in the Black-Soldier-Fly industry. These factors are driving a transition towards more sustainable and localized animal feed production. With a rapidly growing population and animal-derived protein demand across East Africa, the black-soldier-fly can provide a circular-economy-based solution to an interconnected set of food security, climate change, and development challenges. TBP plans to produce larvae and vertically integrate them to create retail products for sale in East Africa.

Company Information

Years of operation


Type of organization

Private company

Stage of the business

Early stage/ Startup

Agribusiness focus

Provision of inputs

Agriculture value chain(s) focus?


Primary country of operation


Other country(ies) of operation


How many employees does your business have?


Does the business have more than 30% women ownership?


Does the business have more than 30% youth ownership (under 35 years)?


Financing and expansion overview

How much capital is the company currently fundraising (US$)?


What is the split between equity and debt?

80% debt and 20% equity
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