Name of project: Fish farm
Project description: This is a Tilapia farming project that proposes to use cage culture methodology. The promoters plan to up fish production levels to 5,000 tons per annum by the fourth year of initial production. The project is a green field investment with two lots of land measuring 90 and 4.5 hectares. Both lots have a shoreline on Lake Kariba.
Promoter: Aqua Harvest Limited
Project location: Siavonga. The site is 2 hours drive from Lusaka on good all weather road.
Market analysis
Local market short fall of fish is currently 35, 000 tons per annum. Zambia is importing tilapia from China and Zimbabwe, and local small-scale fishermen provide some quantity as well. Interested investors will serve the local market and also have access to a huge regional market, especially in the Central Africa
Republic, Angola and Gabon.
Availability of inputs: Infrastructure development materials will be sourced locally while cage generators, freezers and processing equipment will be imported.
Expectations of promoter
• Require joint venture
• Technical and/or financial partners on 51:49 split
Incentives (Under ZDA Act of 2006)
Non Fiscal incentives
Anyone with an investment licence is entitled to these incentives;
• Investment guarantees and protection against state nationalization.
• Free facilitation for application of immigration permits, secondary licences, land acquisition and utilities.
Fiscal incentives
• Company tax will be charged on 50% of the profits earned for a period of 5 years starting with the
first year of profitability.
• Dividends shall be exempted from tax for 5 years from the year of first declaration.
• Capital expenditure on improvement or for the upgrading of infrastructure shall qualify for improvement allowance of 100% of such expenditure.
Licences needed: Environmental Impact Assessment from the Environmental Council of Zambia.
For further information on the Aqua Harvest fish farm contact the Zambia Development Agency (ZDA).
For further details on this joint venture opportunity contact the ZDA.
Key contact: Florence Mumba
Director: Investment Promotion and Privatisation
Zambia Development Agency
Email: fmumba@zda.org.zm
