Home Yalelo Limited Yalelo Limited In brief Yalelo Limited is the largest fully integrated aquaculture company in Sub-Saharan Africa, with 9,000 tons of harvest last year. Established in 2011, the company produces tilapia in Siavonga, on Lake Kariba, about 190 km from Lusaka. Despite the fast growth, Yalelo is still relatively small and reached the EBITDA break-even last year. The company employs approximately 850 permanent and casual workers. Finnfund and FMO are offering funding of USD 18 million for the expansion investments, working capital and re-financing. With the funding, Yalelo can expand its annual production to 25,000 tons. Main development impact As a leading aquaculture company in Sub-Saharan Africa, Yalelo’s impact can be significant on Zambia’s aquaculture industry, its productivity and the development of the aquaculture value chain (both upstream and downstream). Yalelo’s production helps increase the consistent supply of sustainably produced affordable animal protein in Zambia. Yalelo is also providing vital formal employment opportunities in its rural production site and across the distribution chain. The company is working towards a better gender balance within its workforce and looking into possibilities to better track its impact on people’s livelihoods in cooperation with Finnfund’s development team. Yalelo is also classified as a gender investment. Investment details Name: Yalelo Limited Project number: 80000147 Region: Africa Country: Zambia Sector: Agriculture Signing date (month/year): August 2019 Currency: USD Finnfund's financing (commitment): 6,000,000 Instrument: Equity Size of the project financing: USD 25,000,000 Share of Finnfund's financing (%): 26 % Status: Active Website: www.yalelo.com Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year. Other investments Name Country Signing date (month/year) Currency Finnfund's financing (commitment) Instrument Yalelo Limited (First Wave Group B.V) Zambia December 2022 USD 9,000,000 Equity August Read our transparency and disclosure policy More information: Ajankohtaista ja julkaisut Nykyiset investoinnit Toimialat Yhteystiedot Key facts Name: Yalelo Limited Sector: Agriculture Region: Africa Country: Zambia Currency: USD Finnfund's financing (commitment): 6,000,000 Signing date (month/year): August 2019 Last update: August 2019