The Dutch headquartered social impact investor Oikocredit has exited after five years in which the tilapia producer has grown from less than 2,000 tonnes to over 12,000 tonnes of annual tilapia production.
Adam Taylor, chairman of Yalelo, said in a press release: “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.”
