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Yalelo to Invest $9.5m in Aquaculture Operations

ZAMBIA - Yaleo Limited is to invest US$9.5 million into its cage fish farming operations in Siavonga.

The company's chief executive officer Bryan McCoy said the expansion programme will enable Yalelo Limited to increase its annual fish production from 7,000 tonnes to 30,000 tonnes in the next five years.

In a statement availed to the DailyMail, Mr McCoy said the investment will also create an additional 150 specialist full-time jobs and engage 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,” he said.

Yalelo is also continuing with plans for the development of a specialty aquafeed mill which will complement the growing offerings from existing suppliers.

Lucy Towers

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The growth story 
of Nireus, Greece

Like all Mediterranean producers, Nireus has a strong need to market their product as fresh, affordable and high quality fish, with traceability as an important asset. Building a stable future for the company on both technical and business knowledge, Nireus realizes that a healthy economy in aquaculture can only be built on healthy fish.

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