New Forests Company Holdings

New Forests in Africa

In brief

New Forests Company is a forest plantation and processing company with three operating companies in Tanzania, Uganda, and Rwanda. The Group Companies have planted over 20,000 hectares of trees and are estimated to sequester over 200,000 tCO2e annually. The New Forests Company has pole plants in each country and sawmills in Uganda and Rwanda.

Main development impact

Employment Climate impacts Outgrower and community programs Development of sustainable forest industry and market

Investment details

Name: New Forests Company Holdings
Project number: 80000100
Region: Africa
Country: Rwanda, Tanzania,Uganda
Sector: Forestry
Signing date (month/year): April 2019
Currency: USD
Finnfund's financing (commitment): 10,500,000
Instrument: Equity
Share of Finnfund's financing (%): 6 %
Status: Active
Website: http://newforests.net/

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
New Forests Company Holdings Rwanda, Tanzania,Uganda June 2020 USD 180,552 Equity
April

Key facts

Name:

New Forests Company Holdings

Sector:

Forestry

Region:

Africa

Country:

Rwanda, Tanzania,Uganda

Currency:

USD

Finnfund's financing (commitment):

10,500,000

Signing date (month/year):

April 2019

Last update:

May 2019