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GEF Africa Sustainable Forestry Fund: Supporting the sustainable development of African forests
Project
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Signature date
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Location
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Multi-country Global, South Africa, Gabon, Ghana, Uganda, Eswatini, Tanzania
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Financing tool
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Financing amount (Euro)
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7128600
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Financing details
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USD 10m Equity investment
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Customer
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GEF Africa Sustainable Forestry Fund, L.P.
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Type of customer
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Company
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Project number
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IZZ1015
This information is given at the time of signature, without prejudice to any developments in the operation/project.
The Africa Sustainable Forestry Fund, managed by GEF, invests in African plantations and forests. The fund aims to contribute to sustainable forest management in Africa based on FSC certification.
Client presentation
GEF Africa Sustainable Forestry Fund (GASFF) is a venture capital fund specialized in the forestry sector in Sub-Saharan Africa. It will be managed by the Global Environment Fund (GEF), which will provide its longstanding operational experience in forest management and timber production in emerging countries. This fund intends to play a pioneering role in the sustainable development of African forests.
Project description
The fund targets countries with high forestry potential, such as Ghana, Malawi, Mozambique, South Africa, Swaziland, Tanzania, Uganda and Zambia. Its investments have a unit amount of between USD 15m and USD 30m and must mainly be made in existing plantations, but also in projects for new plantations or natural forest concessions. FSC (Forestry Stewardship Council) certification will be a key component of the fund’s investment strategy.
Project impact
This project will contribute to the preservation, sustainable management and development of forestry resources in Africa. It will contribute to both reducing greenhouse gas emissions and creating jobs in the region.