Original description as Haplochromis paraguiarti:
- Greenwood, Peter Humphry. 1967. "A revision of the Lake Victoria Haplochromis species (Pisces, Cichlidae), part VI". Bulletin of the British Museum (Natural History) Zoology Series. Series 15 (2); pp 73-77 (crc00191)
Conservation: Haplochromis paraguiarti is evaluated by the international union for the conservation of nature in the iucn red list of threatened species as (DD) data deficient (2010). No recent catches of this species has been recorded until 1990 so it seems extinct or at least critically endangered.