Lake Harvest Group History92 – 94 Pilot project94 – 96 Groundwork, permits, EIA, finance97 Lake Harvest established97 – 99 2,000 tpa99 Factory opens and EU exports commence 2000 Zimbabwe problems2002 MBO / 3,000t 03-05 Uganda groundwork06 SON Fish Farm Uganda pilot project06-07 Ghana groundwork08 Signs of Zimbabwe reform09 New investor (African Century Group)

Why Africa?Home of tilapiaStrong local demand and proximity to EuropeGreat lakes! And rivers.Warm / natural / sustainableGood marketing stories e.g. millenium development goalsSustainability / good environmental protectionAfrica’s Century

Why not?Pioneering / riskyLack of financeSkillsInstability / politics / lack of property rightsSecurity / theftTechnological solutions don’t always workManagement quite different

1.1 Technology - Cages are the way to go (in my opinion)

But beware the tiger fish

1.2 Technology – should be creative and appropriate

2 Balance of products and markets

3 Vertical Integration

4 Environmental SustainabilityWhat was a luxury is now a

must have

Overintensification and disease

Uganda

Zimbabwe

5 Political will

6

7 Investment

Invest for the long term – (it will take longer than you think to get it right)Pilot projects ARE usefulDon’t spend too muchDon’t spend too littleChoose your partners VERY carefully (or do it yourself)Do your OWN homework WELL

8 Location, location, location

9 FEED Be close to the source of feed and raw materials. Better still, make it yourself.

10 People, people, people, people, people, people………….

Invest in people from the outsetTrainingLocal management (you can’t do what they can do for you)Build loyaltyDelegate

The next five years

Expand Lake Harvest Zimbabwe to 10,000tpa

Expand SON Uganda to more than 5,000tpa

Develop in West Africa (maybe Ghana)

The NORAD study

Norway has the political will and brings technical, marketing and financial expertise to aquaculture in

Africa

Ghana, Uganda, Egypt, Tanzania, Mozambique- yes

Missed a few – Zimbabwe, Zambia, Malawi