Yalelo Zambia welcomes new boss Ulric Daniel to steer company into future growth

ZAMBIA – FirstWave Group, Africa’s leading vertically integrated aquaculture firm, has announced the appointment of Ulric Daniel as the company’s Country Director in Zambia. FirstWave, specializes in tilapia production, distribution, and retail through its flagship company Yalelo Zambia and recently inaugurated Yalelo Uganda. It also undertakes feed production through Aller Aqua Zambia. With the appointment, Ulric Daniel will oversee FirstWave’s feed and fish production value chain activities in Zambia through Yalelo Zambia and JV Aller Aqua Zambia. He takes over the leadership from Bryan McCoy, who has handed over the…

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Yalelo partners with aquaculture genetics specialist Xelect to develop new, improved tilapia strains

ZAMBIA – FirstWave Group, the parent company of Yalelo, one of the leading fisheries business in Africa with operations Zambia and Uganda, has partnered with Xelect, specialists in aquaculture genetics and breeding programmes, to develop local high-performance tilapia breeds. The breeding program according to Africa business communities, will focus on Nile tilapia to feed FirstWave’s subsidiaries operating in the pristine open waters of Lake Kariba and Lake Victoria. “We are excited to partner with Xelect as they apply their global expertise and cutting-edge, data-driven tools to our local husbandry practices…

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Zambian fish producer Yalelo secures US$10.5m funding to expand capacity

ZAMBIA – Yalelo Limited, one of the leading fish aquaculture companies in Zambia, has secured a US$10.5 million funding from Dutch development bank FMO, to increase its production capacity. Adam Taylor, the chief executive of FirstWave Group, Yalelo’s parent company, said that the funding will not only enable the firm to more than double its production capacity but also expand its processing and retail footprint. He highlighted that the expansion will involve developing a wide range of scalable systems which will include increasing the hatchery ponds and production pens to…

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