Tembwe Mutungu

Tembwe Mutungu is an entrepreneurial executive with significant experience in the aquaculture industry in Africa. He co-founded FirstWave Group, a company focused on developing the aquaculture value chain in Sub-Saharan Africa.3

Career at FirstWave Group

Tembwe's journey with FirstWave Group began in 2016 when he joined Yalelo Zambia and Aller Aqua Zambia as CFO.1 He then progressed through various leadership roles within the company:

• Group CFO (January 2020 - May 2020)
• Group Co-CEO (May 2020 - November 2021)
• Group CEO (November 2021 - March 2022)
• Chairman (March 2022 - October 2022)56

During his tenure, Tembwe played a crucial role in developing FirstWave Group into a vertically integrated fish farming business with operations in Zambia and Uganda.2

FirstWave Group's Business Model

Under Tembwe's leadership, FirstWave Group became a pioneer in African aquaculture, focusing on:

1. Low-cost fish production
2. Developing the complete value chain, including:
   • Fish feed production
   • Fish farming
   • Distribution
   • Retail1

The company's mission is to become the most affordable producer of animal protein on the African continent.1

Impact and Expansion

FirstWave Group has made significant strides in the aquaculture industry:

• Supplying affordable fish through over 120 distribution points in Zambia
• Expanding operations to Uganda and other East African markets
• Planning further expansion into West Africa1

Current Role

As of September 2024, Tembwe Mutungu serves as an Africa Board Advisor at Talus Renewables.6 He is also a Board Member at KickStart International.47

Tembwe Mutungu's experience and leadership in the aquaculture industry have positioned him as a key figure in developing sustainable and affordable protein sources for African markets.