Trending
- The most stressful cities to live in 2024 exposed
- Tech ventures can now apply for the Africa Tech Summit London Investment Showcase
- State of journalism survey 2024 shows media houses are lagging in AI adoption
- Forum sets the stage to unleash global potential for startups during AIM Congress 2024
- Consumer Expenditure in Kenya on a Six-Month High
- Kenya Ports Authority Invests $31 Million in State-of-the-Art Cranes for Lamu Port
- Fintechs should develop products that address the exact needs of their customers
- New report exposes alarming rise in remote desktop protocol fraud by cybercriminals
Browsing: Africa Forestry Fund
FinDev Canada has announced an investment of USD 7.5 million in the Africa Forestry Fund II (AFF II), a growth equity fund focused on acquiring and developing environmentally-friendly forestry value chain assets across Sub-Saharan Africa.
Africa Forestry Fund aims to build upon the success of the previous AFF I fund and to improve the reinvigoration of Africa’s forestry sector. The fund could create as many as 3500 jobs in local areas, with up to 30% of them being exclusively for women.
The Fund Manager, Criterion Africa Partners (CAP), concentrates on three key areas of the forestry value chain; the acquisition, improvement and rehabilitation of plantations, downstream manufacturing, and biomass energy. They invest in target companies in each of these processes exclusively in Sub-Saharan Africa. All forestry areas are managed to the stringent requirements of the Forest Stewardship Council.
AFF II aims to combat the impending shortage of wood and wood …