Zimbabwe - Lake Harvest Aquaculture Expansion Project


Project Summary

Approval Date 26 Oct 2011
Signature Date 17 Dec 2012
Sovereign / Non-Sovereign Non Sovereign
Sector Agriculture and Rural Development
DAC Sector Code 31320
Environmental Category 2
Commitment U.A 5,722,542.53
Status Implementation

Project General Description

The Lake Harvest Aquaculture project on Lake Kariba in Zimbabwe is the largest sustainable Tilapia fish farming in Africa. It creates jobs in Zimbabwe, particularly for women fish traders, and provides an important supply of affordable protein to the southern Africa region. This will be the AfDB Group’s first private sector investment in Zimbabwe, as part of its efforts to selectively re-engage in the country. Lake Harvest Aquaculture will produce 20,000 tons of fish annually. The company is primarily targeting African markets with Zimbabwe expected to absorb 37 percent of the production. It will export a further 50 percent to markets in the southern African region. Lake Harvest Aquaculture is considered by many experts to be a model for sustainable fish farming on the continent. The project is organized around three (3) main operations, namely: 1) breeding and rearing in fish ponds on land (Bakerton farm); 2) rearing in floating cages in the lake; and 3) a treatment plant Fish.

Project Objectives

Key outcomes include: (i) job generation; (ii) increased intraregional trade; (iii) positive balance-of-payments impact; (iv) increased government revenues; (v) improved food security through greater availability of low-cost protein; and (vi) strong demonstration effect by promoting investment in a fragile state.

Beneficiaries

The main beneficiaries of the project are the Zimbabwean Government, the people, especially the women fish traders.

Participating Organization

Funding
African Development Bank

Information

IATI identifier 46002-P-ZW-AAF-001
Last Update 20 Jun 2021

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Contact Details

Email private-sector@afdb.org

Geographic Location

Country Zimbabwe
Coordinates Location Name
-16.9373 27.9753 Lake Kariba