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Green Resources A/S

Region and country of operations: Africa – Uganda, Tanzania, Mozambique
Jurisdiction of registration: Norway
Business sector: Forestry

Date of agreement (month/year): 4/2019
Finnfund’s financing: USD 9,750,000
Share of Finnfund’s financing: to be determined
Instrument: Senior Loan
Size of project/financing: Up to 20 million USD
Environmental and social category: A

Project description

Green Resources is the biggest sustainable forestry company in Sub Saharan Africa. It has almost 40 000 hectares of plantations and industrial operations in three countries: Tanzania, Uganda and Mozambique. The main products produced by the company are sawn timber, poles and bio energy. Finnfund has financed the company since 2012. The new financing will be used to support the company’s industrial expansion by increasing working capital and upgrading the industrial facilities.

Main development impact

  • Climate change mitigation
  • Contribution to fiscal revenues
  • Contribution to employment at rural areas
  • Industrialization of forestry sector

More information