Abstract
Lake Harvest Aquaculture (Pvt) Ltd was first developed into a freshwater tilapia fish farm business in 1996 on premises that originally farmed freshwater prawns owned by one of Zimbabwe's food companies, Cairns Foods Ltd. The farm was set up in 1997 and, ten years later, has grown to a 3000-tonne fish farm where tilapia are produced primarily for processing and export to European and regional markets. The original targeted projections for production and net income of the farm were proving accurate until 2001 when the macro-economy began to shrink. Low production on crop farms due to inadequate resources and drought brought a shortage of raw materials to the feed manufacturing companies. The continuous downward trend in feed production affected the company as it failed to support its growing fish biomass. The feed and economy problems resulted in a decision by the board to stop expansion of the business in 2002. Lake Harvest business was set up at a cost of US $10,000,000. The business was externally funded by the Commonwealth Development Corporation (CDC Group plc) and Comafin, a pan-African private equity fund, before the share holding structure changed in 2002. The major costs were encountered on the installation and mooring of cages, and the construction of a fish processing factory. Six sites were installed, each costing around US $350,000, including boats. The processing factory cost around US $4,000,000. The objectives of this case study are to: * Provide a scenario and overview of Lake Harvest Aquaculture as a company growing tilapia in cages in Lake Kariba, Zimbabwe. * Provide a means of assessment and learning for those considering developing cage-based aquaculture in sub-Saharan Africa. All of the main activities carried out at Lake Harvest will be described in the same sequence as followed on-farm; production, management, and sale of the final product: * Breeding * Feeding * Sampling * Diving * Harvesting * Processing * Marketing.