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New Forests Company (Rwanda) Limited

Region and country of operations: Africa, Rwanda
Jurisdiction of registration: Rwanda
Business sector: Forestry and wood products

Date of agreement (month/year): 10/2016
Finnfund’s financing: USD 7,500,000
Size of project/financing: USD 13,000,000
Environmental and social category: B+

Project description

New Forests Company Rwanda is a forestry development company domiciled in Rwanda and owned by New Forests Company Holdings Limited (Mauritius). The Company has a forest concession of mature pine of approximately 8,000 hectares in Southwestern Rwanda. The Company also operates a pole treatment facility and sawmills.

Main development impact

The company provides employment to a significant number of local people and supports outgrowers and farmers in the communities. The company has an extensive, well-designed CSR program which is partly financed by the company but has also managed to collect funds from other sources, e.g. NGO’s. The company’s forests are managed in a sustainable manner and in 2018 the company achieved FSC certification. The planting program together with sustainable forest management practices contribute to climate change mitigation and reducing deforestation.

More information

New Forests in Africa