Logo

Yalelo anounces US$9.5mn expansion for aquaculture

Zambia-based fishing company Yalelo Limited is investing US$9.5mn to increase tilapia production at its cage fish farming operations in Siavonga

Tilapia Fish   Kalungi Nathan   Wikimedia CommonsAnnual production capacity for tilapia will increase from 7,000 tonnes to 30,000 tonnes. (Image source: Kalungi Nathan/Wikimedia Commons)

Bryan McCoy, Yalelo’s CEO, explained that the expansion programme will increase the company’s annual fish production from 7,000 tonnes to 30,000 tonnes in the next five years. He also said that the investment will create an additional 150 specialist full-time jobs and employ another 100 non-skilled staff.

“Yalelo is extremely proud to be investing further into local production capacity. Zambia has the resources to be the leader in regional fish production, and Yalelo is ready to anchor Siavonga’s emergence as the aquaculture capital of sub-Saharan Africa,” said McCoy.

Fisho Mwale, director at Yalelo, said that the decision to increase production had been reinforced by the national push given to the development of the aquaculture sector, such as the creation of the new Ministry of Livestock and Fisheries as well as the growing momentum behind the Aquaculture Development Association of Zambia.

Mwale also said that the company had adhered to good practices and environmental standards in the initial stages of development of the expansion programme.

Yalelo is also continuing the development of a specialty aquafeeds mill which will complement the growing offerings from existing suppliers, he said.


LATEST NEWS IN Aquaculture

Youth’s challenges in artisanal fisheries and aquaculture discussed at IYAFA 2022

Youth’s challenges in artisanal fisherie…

Themes including the need for African governments to have youth-focused fisheries policies, came strongly to the fore as Food and Agriculture Organization (FAO) brought experts and activists together to consider...

Fish project tackles malnutrition in Uganda

Fish project tackles malnutrition in Uga…

 Ugandan Lake catches are mostly dominated by three highly-nutritious fishes, known locally as 'muziri', 'ragoogi' and 'mukene'

African flag registries exploited by high-risk fishing operators: Report

African flag registries exploited by hig…

Ensuring that high-risk fishing operations and vessels are excluded from national flags is a critical step to securing the waters of Africa for the legitimate and sustainable enrichment of coastal...

Angola sees boost in aquaculture and agriculture output

Angola sees boost in aquaculture and agr…

The output in the agriculture and fishing (+12.9% y-o-y) sector in Angola continues to record blockbuster growth and has surpassed pre-pandemic levels, according to the National Statistics Institute’s (INE) latest...

Wanda Fish Technologies Ltd signs agreements to advance goals in cultivated fish

Wanda Fish Technologies Ltd signs agreem…

Israel- FoodTech start-up Wanda Fish Technologies Ltd has signed two agreements with Tufts University to advance the company’s goals in the emerging field of cultivated fish

Ghana imports US$200mn fish annually

Ghana imports US$200mn fish annually

Illegal fishing is having a negative impact on Ghana's fish stock and economy, and the country is spending around US$200mn annually to import fish to meed the demand

Prev Next

OTHER RELATED ARTICLES - Aquaculture

Premier Fishing in South Africa set on high growth path

Premier Fishing in South Africa set on h…

Premier Fishing and Brands Limited, one of the leading fishing companies in South Africa, has achieved a profit increase by 14 per cent and profit after tax increase by 59...

TİKA sets up agricultural and aquacultural production facility in Niger

TİKA sets up agricultural and aquacultur…

Turkish Cooperation and Coordination Agency (TİKA) and the Islamic Cooperation Youth Forum Forum (ICYF) established an agricultural and aquacultural production facility in Torodi, Niger

ALSF strengthen capacity in fisheries agreements and licences

ALSF strengthen capacity in fisheries ag…

The African Legal Support Facility (ALSF) and African Development Bank (AfDB) held a capacity development workshop to support coastal African countries in effectively negotiating fisheries agreements and concessions

Mozambique gets US$6.2mn for aquaculture development

Mozambique gets US$6.2mn for aquaculture…

The Nordic Development Fund (NDF), a joint development finance institution of five Nordic countries, has approved a US$6.2mn grant for sustainable growth of aquaculture in Mozambique  

New products for aquaculture hatcheries launched

New products for aquaculture hatcheries …

Meriden Animal Health is launching a unique breakthrough product for the early days of larval rearing which mirrors an optimal wild larval diet  

South Africa to set up aqua-farming facility

South Africa to set up aqua-farming faci…

The Coega Development Corporation (CDC) has set-up plans to construct an aqua-farming facility on 300ha of land at the Coega Industrila development zone outside Port Elizabeth in the Eastern Cape

Banjul Fisheries Jetty commissioned in Gambia

Banjul Fisheries Jetty commissioned in G…

Gambia’s new Banjul Fisheries Jetty has been commissioned by the country’s vice president and minister of women’s affairs, Isatou Njie-Saidy

Mauritius building fishing port at Fort William

Mauritius building fishing port at Fort …

Mauritius Ports Authority (MPA) will construct a fishing port and breakwater structures, improving fishing operations and rationalising the parking of idle fishing vessels

Norway launches sustainable fisheries project in Sudan

Norway launches sustainable fisheries pr…

Norway and UN Industrial Development Organisation (UNIDO) have launched a US$5.08mn project for sustainable management of marine fisheries in Sudan’s Red Sea

New Fish Trade programme aims to benefit African traders

New Fish Trade programme aims to benefit…

A new and innovative programme has been launched in Africa that aims to improve the quality of life for small-scale fish traders in Africa, many of whom are women

Acceso El Salvador becomes distributor of Spring Genetics tilapia fingerlings

Acceso El Salvador becomes distributor o…

Miami-based tilapia breeder Spring Genetics and El Salvador’s Acceso Oferta Local – Productos de El Salvador, SA DE CV have signed a distribution agreement to supply Salvadoran tilapia farmers and...

Zim communities benefit from fish farming initiatives

Zim communities benefit from fish farmin…

Communities from Masvingo and Chivi districts to benefit from protracted relief programme by Aquaculture Zimbabwe to engage in fish farming

Prev Next

Template Design © Joomla Templates | GavickPro. All rights reserved.