Project detail - NEW FOREST COMPANY (TANZANIA) LTD.

NEW FOREST COMPANY (TANZANIA) LTD.

Back to map

Who is our client

Over the past 10 years The New Forests Company has built up strong presence in the East African Forestry sector where it has been supplying the pole sector predominantly through 3rd party supplies. In parallel it built up a strong land bank of 51,744 hectares and grew the size of its plantations to a total of 26,656 hectares. Own harvestings are nearby and will provide sufficient cash flows to service debt commitments.

Funding objective

The FMO commitment is strictly for the purpose of financing the Ugandan and Tanzanian operations and allocated for working capital, capex and refinancing.

Why we fund this project

Impact created through Forestry investments is high and three fold: highly inclusive, great impact on Green House Gas (GHG) avoided and a large economic benefit. The fact the New Forests Company has brought the company to the moment of harvesting FMO gained substantial comfort to offer its first senior debt commitment to a Forestry related project.

Region
Africa
Country
Tanzania, United Republic of
Sector
Agribusiness, Food & Water
Signing date
7/17/2015
Total FMO financing
USD 5.00 MLN
Fund
FMO
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)
A