main navigation menu
World Bank building

MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

Young woman bending down to tending to her outside chores

Explore different types of political risk insurance guarantees provided to investors and lenders.

Hyundai building

Explore global projects that support economic growth, reduce poverty and improves people’s lives.

Hands husking peas into a basket full of peas

Learn about the progress MIGA is making in its mission to support economic growth, reduce poverty and improve people’s lives.

Subscribe to Our Monthly Newsletter

Yalelo Limited

$2.9 million
Project Brief
Not Active

Project Description

On March 12, 2013, MIGA issued a guarantee of $2.9 million covering an equity investment by Liongate Venture Fund I SPC of the Cayman Islands in Yalelo Limited in Zambia. The coverage is for a period of up to 10 years against the risks of transfer restriction, expropriation, and war and civil disturbance.

The project involves the establishment of an aquaculture facility on the Zambian side of Lake Kariba in Siovonga province. The project will harvest the local species of tilapia and the fish will be sold in Lusaka. The project is expected to produce 2,500 tons of tilapia in the first year, increasing to 7,600 tons by year three.

Fish production in Zambia is not meeting local demand and the country imports over 40,000 tons of frozen fish per year. Yalelo will contribute to Zambian food security by providing a local source of tilapia on a commercial scale. The project is also expected to generate 100 local jobs.

The project was underwritten through MIGA’s Small Investment Program and is aligned with MIGA’s strategic priority of supporting investments into countries eligible for concessional lending from the International Development Association.