YALELO LIMITED
Status: Approved investmentWhy disclosure?
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In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Our customer is Yalelo, a tilapia producer on Lake Kariba in Zambia and debt customer of Building Prospects. Yalelo Limited (“Yalelo”) is a fully integrated tilapia farm in Zambia. As such, they are involved in the whole supply chain: from inputs (feed), breeding, growing, distribution to retail. The company was founded in 2011 and is a leader in the nascent aquaculture sector in Sub-Saharan Africa.
What is our funding objective?
With this investment, FMO will contribute to a project aimed to support decarbonization and climate mitigation measures within the company. The project entails a set of mitigation measures that the company will take, either in-house or with consultants, to reach GHG reduction and costs savings. As FMO-AFW has selected decarbonization as a focus theme, i.e. helping our customers move to (more) climate neutral alternatives for coal, gas and wood fired energy, Yalelo has been nominated to pilot a repayable grant to incentivize this move to mitigation. This project concerns the mitigation measures Yalelo will take in its business to contribute towards reducing its overall impact over the long-term and how it will enable the company to become the model for sustainable growth of protein production in developing markets, which is critical if we are to achieve net-zero emissions by 2050.
Why do we fund this investment?
FMO aims to support its clients with mitigation measures to limit their GHG emissions. This project can be considered a pilot for possible decarbonization and mitigation measures within its wider portfolio.
More investments
| Date | Total FMO financing |
|---|---|
| 12/19/2022 | EUR 0.10 MLN |
| 5/1/2024 | USD 2.50 MLN |
| 5/1/2024 | USD 8.00 MLN |
- Region
- Africa
- Country
- Zambia
- Sector
- Agribusiness, Food & Water
- Effective date
- 11/1/2022
- Total FMO financing
- EUR 0.25 MLN
- Funding
- Building Prospects
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B+