Finnfund’s investment boosts the expansion of aquaculture in Zambia
Finnfund supports the expansion of Yalelo Limited , an integrated tilapia aquaculture company in Zambia with a 6 million US dollar equity investment. It is the first direct investment by Finnfund in Zambia. Yalelo is the largest aquaculture company in Africa, producing 12,000 tons of tilapia annually. With the investments from Finnfund and Dutch FMO, Yalelo intends to expand its annual production to 25,000 tons.
The rising population of Zambia, together with significant overfishing, has created a challenge for food security. Sustainable aquaculture provides a