Quick Facts

Where the impacts of the investment may be experienced.
  • Africa
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Netherlands Development Finance Company (FMO)
Status: Active
Bank Risk Rating: U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2016-03-02
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: New Forest Company
The holder of the loan, grant, or other investment.
The service or industry focus of the investment. A project can have several sectors.
  • Agriculture and Forestry
  • Climate and Environment
Investment Amount (USD): $ 0.02 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

Currency conversion note:
Bank reported EUR 0.02 MLN
Converted using 2017-12-25 exchange rate.

Share This Page


Contact Us

Do you have more information on
this project, or want to get involved?
Contact EWS

Primary Source

Original disclosure @ FMO website
Updated in EWS: 2017-12-25

Project Description
WHO IS OUR CLIENT "New Forests Company" or NFC, is one of the largest forestry companies in East Africa (40 million planted trees - 26,656 hectares plantation and 51,744 hectares land bank). It is an integrated forestry company founded in 2004 with operations ranging from the tree nurturing phase to the sales of finished goods (mainly transmission poles) in Uganda, Tanzania and Rwanda. The contractual relationship will be between FMO and the Consultant. FUNDING OBJECTIVE The aim of this project is to quantify the amount of avoided greenhouse gas (GHG) emissions associated with FMO's investment in NFC. This will be achieved by the development of a tool and undertaking an assessment that accounts for operational GHG emissions of NFC's business, and GHG emissions and CO2 sequestration due to the growth and harvesting of plantation forests, downstream processing and sales. WHY WE FUND THIS PROJECT This project is of high strategic relevance. It is fully in line with FMO's climate change finance strategy and FMO's wish to quantify and elaborate upon the extent to which its investments reduce its carbon footprint.
Investment Description
Contact Information
FMO South Africa +27 11 507 2500 joburg-office@fmo.nl
Bank Documents