Finance

Zambia: Finnfund invests $6 mln in Yalelo’s development

Zambia: Finnfund invests $6 mln in Yalelo’s development
Friday, 20 September 2019 13:48

Zambian aquaculture company Yalelo received $6 million from Finnfund, a Finnish financial institution that provides fund for private companies in developing countries, to expand its activity. The financing is Finnfund’s first direct investment in Zambia.

The sum will enable the company specializing in the production and marketing of fish (Tilapia) to increase its annual production capacity from 12,000 to 25,000 tons.

Finnfund generally focuses on sustainable investment opportunities through support between €1 million and €25 million. In 2018, the institution invested €154 million in 26 operations, 20 of which were in Africa. The continent has mobilized 67% of Finnfund's total funding mainly in Nigeria, Tanzania, Kenya, Ghana, and Egypt.

Chamberline MOKO

On the same topic
• SUNU Assurances Nigeria projects 45% drop in 2025 profit before tax• Forex losses and rising reinsurance costs weigh on earnings outlook• Gross premiums...
• Central African Republic seeks $12B for 2024-2028 development plan• 58 projects target agriculture, mining, energy, transport, and health• Goal:...
• S&P Global Ratings lowered Botswana's sovereign credit rating to BBB from BBB+, maintaining a negative outlook.• The downgrade stems from collapsing...
• Only six of Nigeria's 13 listed banks currently meet the Central Bank of Nigeria's (CBN) new recapitalization requirements.• The CBN significantly...
Most Read
01

From Dakar to Nairobi, Kampala to Abidjan, mobile money has become a lifeline for millions of Africa...

Africa's Boundless Future: How a simple mobile phone became a pocket bank for millions
02

• WAEMU posts 0.9% deflation in July, second month in a row• Food, hospitality prices drop; alcohol,...

WAEMU Region Records Second Straight Month of Deflation, at -0.9% in July 
03

Airtel Gabon, Moov sign deal to share telecom infrastructure Agreement aims to cut costs, boo...

Gabon’s Airtel, Moov to Share Towers Under Govt-Brokered Deal
04

Vision Invest invests $700m in Arise IIP, Africa’s largest private infrastructure deal in 202...

Saudi Arabia’s 2025 Shopping List Now Includes Industrial Parks in Africa — With a $700 Million Entry Ticket
05

As a relatively small issuer in the West African Economic and Monetary Union (WAEMU) market, Benin i...

How Benin, a Small West African Nation, Became a Darling of Regional Debt Markets
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.