The rising population of Zambia, together with significant overfishing, has created a challenge for food security. Sustainable aquaculture will provide the solution.
Tilapia is one of the most efficient sources of protein and has a much lower carbon footprint than for example beef or pork. In order to ensure sustainable resource use, Yalelo has implemented a continuous water quality monitoring and management system.
Jari Matero, Finnfund’s Associate Director and Head of Agri and Forestry portfolio, said, “The aquaculture sector can transform the availability and affordability of high-quality protein in a resource efficient and sustainable manner.”
Besides producing affordable protein, Yalelo is providing vital formal employment opportunities in both the production site as well as its distribution network, having a positive impact on the local economy.
Currently, Yalelo employs over 800 people and another 200 jobs will be created as a result of the expansion.
Over 30% of the management is female and the company is constantly working towards further gender balance within its workforce.
“With this investment we will expand our capacity and respond to the need for affordable, high-quality protein”, says Adam Taylor, Chairman of Yalelo.
“We take pride in providing our employees with jobs in a vulnerable rural area where few alternative employment opportunities exist.”
Yalelo operates an extensive internal training programme including aquaculture, business and leadership courses and runs literacy and numeracy classes for the community.
Finnfund is a Finnish development financier and professional impact investor. It build a sustainable world by investing in responsible and profitable businesses in developing countries.