Project detail - MIRO FORESTRY DEVELOPMENTS LIMITED

MIRO FORESTRY DEVELOPMENTS LIMITED

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Who is our client

Miro Forestry Company Ltd (Miro) is one of the largest forestry plantation companies in West Africa currently managing approx. 10,000ha planted. Miro develops and manages high quality, cost-competitive, FSC certified, fast growing industrial timber species (mainly eucalyptus and acacia) and is in the process of setting up downstream production facilities and market entries to capture the maximum value of the wood grown.

Funding objective

The objective is to support Miro in increasing the awareness of workers and communities regarding the COVID-19 virus, provide access to hygiene and sanitation facilities at community level and to build the capacity of health clinics and service providers that Miro has started collaborating with.

Why we fund this project

FMO is supporting this project because of its high impact on rural communities in Sierra Leone and Ghana. The project will benefit the company, its workforce and local communities.

More investments

Date Total FMO financing
5/20/2020 USD 10.48 MLN
5/20/2020 USD 5.00 MLN
2/7/2020 USD 1.04 MLN
12/18/2018 EUR 0.20 MLN
11/19/2018 USD 12.60 MLN
Region
Africa
Country
Ghana
Sector
Agribusiness, Food & Water
Signing date
8/28/2020
Total FMO financing
EUR 0.10 MLN
Fund
Building Prospects
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)
B+