Oikocredit exits its investment in Zambian fish farm Yalelo

10 Dec 2019

Social impact investor Oikocredit has supported Yalelo since 2014 as it became Africa’s largest sustainable aquaculture company.

Dutch headquartered social impact investor Oikocredit has exited its investment in Zambian fish farm, Yalelo Limited.

Oikocredit has been invested in Yalelo since 2014, supporting its growth from under 2,000 tonnes of annual tilapia production in 2014 to 12,000 tonnes of annual production currently. Yalelo is now the largest sustainable aquaculture company in Africa, generating jobs and enhancing food security in the country.

By investing in Yalelo, Oikocredit wanted to help create the leading sustainable aquaculture company in Zambia, preparing Yalelo for expansion across the region in its next stage of growth.

As Oikocredit exits as a shareholder, Yalelo will continue to contribute to import substitution, food security, employment and private sector development, with the support of a new group of investors with a focus on social impact.

Adam Taylor, Chairman of Yalelo, said: “Oikocredit has been a valued partner and instrumental in growing the business from approximately 200 employees in 2014 to over 800 today. This was a stage of growth in which it can be difficult to access traditional funding sources. We valued Oikocredit’s guidance and oversight in the governance of the company during this time.”

Evert Ludding, Equity Manager for Africa and Asia at Oikocredit, said: “We’re happy to have supported Yalelo with its plan to increase food security and create jobs in Zambia. We wish the team at Yalelo all the best as they pursue the ambition to replicate the company’s success on a regional scale. Zambia continues to be a focus country for Oikocredit and we will continue to pursue and add value to more investments in the country, with the ultimate goal of creating sustainable social impact.”

-END-

« Back to Member News

RT @tolushola: I'm looking forward to the Annual @AVCA_Africa conference. The four-day event will bring together world-class investors, pol…

Although Covid-19 affected deal making and fundraising in Africa, we find that there is growing appetite for privat… https://t.co/S6aS5z1EzO

.@DLA_Piper is a Lead Sponsor of the AVCA Conference. Don't miss the panel discussion on emerging opportunities in… https://t.co/9I7Dmev77f

Hear from Khaled Ben Jilani, Senior Partner at @AfricInvest_Grp, at the AVCA Conference next week. He will be speak… https://t.co/75gA0UYf0k

As fund managers and institutional investors increasingly adopt and apply ESG principles, we will see impact invest… https://t.co/V4kL18G0DK

;