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 marketInvestment details
| Name: | New Forests Company Holdings |
|---|---|
| Project number: | 80000100 |
| Region: | Africa |
| Country: | Rwanda, Tanzania, Uganda |
| Sector: | Forestry |
| Signing date (month/year): | June 2020 |
| Currency: | USD |
| Finnfund's financing (commitment): | 180,552 |
| 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 | Arril 2019 | USD | 10,500,000 | Equity |
