THE southern African landlocked kingdom of Lesotho is to farm salmon in plans announced today by RAS company Pure Salmon.

A US$250 million land based farm with capacity for 20,000 tonnes will be developed in partnership with the Lesotho National Development Corporation (LNDC).

If successful, the venture could produce annual revenues accounting for eight per cent of the country’s GDP, said Pure Salmon in a press release.

Located in the Butha-Buthe Highland region of Lesotho, the farm is due to be completed by 2023. It will generate more than 250 full time jobs in Lesotho and will be powered by 100 per cent renewable energy from the adjacent hydroelectric power station.

Pure Salmon and its parent company, 8F Asset Management, will set up a foundation to support the local community, as part of the deal. Read more..

About LNDC

The Lesotho National Development Corporation (LNDC) is the main parastatal of the Government of Lesotho charged with the implementation of the country’s industrial development policies.

“The mandate of the Corporation is to initiate, promote and facilitate the development of manufacturing and processing industries, mining and commerce in a manner calculated to raise the level of income and employment in Lesotho.”  more...

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Lesotho National Development Corporation
Block A, Development House, Kingsway Street
Maseru, Lesotho, 100

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