The Development Bank of Zambia -DBZ- says Aquaculture has potential to increase Zambia’s fish production to meet the growing demand.
Speaking during a media briefing in Lusaka today, DBZ Acting Managing Director Edward Mulilo said the Bank plans to support the growth of aquaculture by investing in the sector.
Mr. Mulilo said the bank has so far invested 12 point 5 million kwacha in Yalelo Fisheries, which is currently the highest producer of tilapia fish in Africa.
He said the bank has targeted to increase the support as a way of positively contributing to the growth of fish farming in the country. Mr. Mulilo has since urged Yalelo fisheries to expand its production and supply.
Meanwhile, Yalelo Fisheries Chief Executive Officer BRYAN Mccoy said the construction of new fish farms is underway.
Mr. Mccoy said the company has been producing 10 thousand tonnes of fish and has targeted to increase to 20 thousand tonnes by the end of the year.
He said the company will also open more employment opportunities for Zambians when the new fish farms are opened (ZNBC).