African Forestry Impact Platform (AFIP)

Person facing camera in the wood production facility

In brief

African Forestry Impact Platform (AFIP) is an evergreen platform managed by the New Forests Asia (Singapore) Ltd. with the intention to establish a large, long-term, value-creation-focused investment vehicle that enables the next phase of growth in Sub-Saharan African forestry.

Main development impact

AFIP will invest in sustainable forestry assets, which are mitigating climate change due to carbon sequestration into forests, as well as adaptation benefits through watershed and fire management and improved resilience in neighbouring communities. Sustainable forestry companies create and sustain significant employment opportunities in rural regions and contribute to local supply chains/economies through e.g., the purchase of raw materials and services.

Investment details

Name: African Forestry Impact Platform (AFIP)
Project number: 80000327
Region: Africa
Country: Africa
Sector: Forestry
Signing date (month/year): November 2023
Currency: USD
Finnfund's financing (commitment): 40,200,000
Share of Finnfund's financing (%): 19,20 %
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.

November

Key facts

Name:

African Forestry Impact Platform (AFIP)

Sector:

Forestry

Region:

Africa

Country:

Africa

Currency:

USD

Finnfund's financing (commitment):

40,200,000

Signing date (month/year):

November 2023

Last update:

September 2024