Maris Limited
Status: Approved investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer?
Maris Limited (“Maris”, the “Company”) is an SME-focused investment holding company with start-ups and early-stage investments and an investee in FMO’s private equity ("PE") portfolio. The Company makes investments in sectors and geographies that have little or no formal mechanisms for investment, many of which are post-conflict or fragile states. One of Maris' holdings is Equatoria Teak Company (“ETC”), which is South Sudan's leading sustainable teak operation, managing over 25,000 hectares of teak plantation, of which 3,000 hectares are currently planted, and additionally protects 22,000 hectares of natural forests. The company focuses on sustainable harvesting and agroforestry with community involvement, including coffee, cocoa, vanilla, and pepper.
What is our funding objective?
This project aims to assess and pilot the diversification of ETC's income streams through the development of “Nature Credits” and the piloting and expansion of ETC’s agroforestry operations to outgrowers. This includes conducting a pre-feasibility study for Nature Credits, developing an action plan, and identifying potential risks and opportunities. Additionally, the project aims to enhance ETC's agroforestry initiatives by creating an agroforestry action plan and piloting new crops and varietals, including cocoa, vanilla, and pepper, with community outgrowers to identify a viable expansion model.
Why do we fund this investment?
FMO funds the project because it aligns with our priority SDG 13: Climate Action. The project aims to diversify ETC's income streams through Nature Credits and agroforestry, which contribute to climate resilience and environmental sustainability. By supporting the development of Nature Credits, the project promotes the conservation of biodiversity and the reduction of carbon emissions, directly addressing climate change mitigation and adaptation. Additionally, the expansion of agroforestry initiatives enhances sustainable land use and supports local communities, further contributing to climate action and sustainable development. The project also aligns well with MASSIF's Next Frontier strategy by focusing on financial inclusion of a medium-sized enterprise (ETC), smallholder farmer inclusion, and potentially could be catalytic for nature-based financing.
More investments
| Date | Total FMO financing |
|---|---|
| 3/14/2024 | EUR 0.01 MLN |
| 8/2/2023 | EUR 0.15 MLN |
| 10/13/2021 | EUR 0.04 MLN |
| 9/12/2019 | USD 10.20 MLN |
| 12/2/2020 | EUR 0.05 MLN |
| 1/30/2019 | EUR 0.05 MLN |
| 8/7/2014 | USD 5.00 MLN |
- Website customer/investment
- https://marisafrica.com/
- Region
- Africa
- Country
- Sudan
- Sector
- Infrastructure, Manufacturing and Services
- Publication date
- 11/12/2025
- Effective date
- 10/10/2025
- Total FMO financing
- USD 0.12 MLN
- Funding
- MASSIF
-
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