Lake Harvest

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Lake Harvest - overview

Established

1997

Location

Harare, -, Zimbabwe

Primary Industry

Food

About

Based in Zimbabwe and founded in 1997, Lake Harvest produces, processes, markets, and distributes fish products in Europe. It is part of the African Century Foods Group. The company's first fish farm is based at Lake Kariba in Zimbabwe, where it produces Nile Tilapia, a. k.


a. BREAM. In January 2022, Lake Harvest raised USD 7 million in venture funding from new investors Aqua-Spark and Norfund. James de la Fargue will remain as CEO of Lake Harvest.


The company operates as a fish farm and product manufacturer based in sub-Saharan Africa. It has two factories to process the harvest from the farm -- a processing plant with 100 people and a feed mill with 55. The company has fish farms at Lake Kariba and Source of the Nile (SON). The company's flagship product is Nile tilapia, which doesn't have restrictions on production and breeding because it's native species.


Its production increased along with the ascending global demand for such products -- from 400 000MT in 1990 to over 4. 2 million tons in 2012, where Asia is its biggest customer. The company will function as the platform for Aqua-Spark, an investor of the funding round in 2022, to build infrastructure through vertically integrated farming solutions that support and stimulate out-grower programs to reach the growth of a wider aquaculture sector in sub-Saharan Africa.


Current Investors

Aqua-Spark, Norfund

Primary Industry

Food

Sub Industries

Meat, Poultry & Seafood Products

Website

www.lakeharvest.com

Company Stage

Early Stage

Total Amount Raised

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