green resource

Africa: $200m investment to spur forestry, conservation efforts in sub-Saharan regions

By Kanika Saigal

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Posted on October 20, 2022 08:48

© Masons work as they build a wall around Banco National Park in Abidjan, Ivory Coast May 18, 2022. Picture taken May 18, 2022. REUTERS/Luc Gnago — Masons work as they build a wall around Banco National Park in Abidjan, Ivory Coast May 18, 2022. Picture taken May 18, 2022. REUTERS/Luc Gnago

The global nature-based asset management company, New Forests, has announced a $200m investment in the African Forestry Impact Platform (AFIP) aimed at scaling and transforming the sustainable forestry sector in sub-Saharan Africa.

The announcement comes at the same time as AFIP’s first acquisition of East African company Green Resources, the region’s largest forest development and wood processing company.

New Forests aims to develop Green Resources’ forestry plantation and wood processing business as well as use the company as an entry point to expand into the wider region, explains CEO David Brand.

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