Fish Cage Farming Project on Lake Chinweshiba
Project Description
PROJECT DESCRIPTION:
This project aims to meet the demand for fish and to prevent the depletion of traditional fish species in their natural environment. It involves the establishment of an additional production facility and purchase of new machinery and equipment.
The hatchery ponds have already been constructed, including ponds for the initial reception of fingerlings and five cages are already installed on the lake. There is also a hatchery that is expected to be operational this year to provide a supply of fingerlings.
PROJECT LOCATION:
Samfya District, Luapula Province, Zambia
LEAD AGENCY/PROJECT PROMOTER:
Mulyo Fisheries Limited
CURRENT STATUS/ STAGE OF PROJECT:
Brownfield
ACTION REQUIRED/ IMPLEMENTATION:
Partners
IMPLEMENTATION ARRANGEMENTS/ CONTRACT TYPE:
FDI through a Joint Venture
ESTIMATED COST OF PROJECT:
USD 685,714 and USD 85,714 have already been raised
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Country
Zambia
Location (s)
Samfya
Sector
Agriculture & Food Processing
Sub Sector
Fisheries
Investment Value Range
0-1 million USD
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