In brief
Kilombero Valley Teak Company (KVTC) was established in 1992 and is one of Africa's most innovative forest management projects, bringing a wide range of social, economic and environmental benefits to a remote area of Tanzania.At the heart of the project are the planting and sustainable harvesting of plantation teak and the protection and management of over 20,000 ha of native forests and wetlands and a wide range of wildlife and flora within.KVTC has established an integrated processing plant to produce timber and value-added products, bringing long-term employment and social development to the region.
Main development impact
Employment for over 300 people.Support to the local economy through purchasing domestic goods, salaries and contributing to community development.Investment details
Name: | Kilombero Valley Teak Company |
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Project number: | 80000080 |
Region: | Africa |
Country: | Tanzania |
Sector: | Forestry |
Signing date (month/year): | June 2021 |
Currency: | USD |
Finnfund's financing (commitment): | 345,000 |
Instrument: | Mezzanine |
Size of the project financing: | USD 1,500,000 |
Share of Finnfund's financing (%): | 23 % |
Status: | Active |
Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year.
Other investments
Name | Country | Signing date (month/year) | Currency | Finnfund's financing (commitment) | Instrument |
---|---|---|---|---|---|
Kilombero Valley Teak Company Ltd | Tanzania | 2009 | |||
Kilombero Valley Teak Company Ltd | Tanzania | 2010 | |||
Kilombero Valley Teak Company Ltd | Tanzania | 2011 | |||
Kilombero Valley Teak Company Ltd | Tanzania | 2012 | |||
Kilombero Valley Teak Company Ltd | Tanzania | 2000 | |||
Kilombero Valley Teak Company Ltd | Tanzania | 2006 |