GEF Africa Sustainable Forestry Fund LP

Africa Manufacturing

A sub-Saharan African private equity fund investing in timberland assets, value-add processing and associated efficiency and waste reduction projects.

This investment was made under a previous strategy. We disclose information on all our current investments, but narrative information on our pre-2012 investments, when we introduced a new strategy, may be limited.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
Africa
Countries

For funds, the countries listed here are those the fund has invested in so far.

:
Gabon, Ghana, South Africa, Swaziland, Tanzania, Uganda
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people. For funds, the sectors listed here are those the fund has invested in so far.

:
Manufacturing
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund manager:
Global Environment Facility
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
May 2010
Amount

For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that CDC has committed to the fund.

:
$50m
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
Canada

Investments made by this fund

  • Active
  • Exited
Investment name Country Region Sector Start date Status
Cape Pine Investment Holdings

Cape Vine is a plantation forest and sawmilling company with operations located in the Eastern, Southern and Western Cape of South Africa.

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South Africa Africa, Southern Africa Food and agriculture October 2010 Active
Kilombero Valley Teak Co Ltd

KVTC is a teak plantation company located 425 km southwest of Dar es Salaam. KVTC owns a long term lease over 28,000 hectares, 8,150 of which have been planted with teak, and owns a sawmill.

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Tanzania Africa, East Africa Food and agriculture March 2011 Active
Afram Plantation Limited

Afram Plantation is a greenfield forestry project located north of the Afram River in Ashanti Region, Ghana.

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Ghana Africa, West Africa Food and agriculture May 2011 Active
Peak Timbers Ltd

Peak Timbers is a plantation forest and sawmilling company with operations located in Swaziland. The company owns a total property base of approx 31,000 hectares, of which 22,000 hectares are plantable, and a sawmill designed to process both pine and eucalyptus.

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Swaziland Africa, Southern Africa Food and agriculture May 2012 Active
Rocklands Mill (Pty) Ltd

Rocklands Mill is a mining timber mill established in conjunction with local partners. It mainly produces underground supports for the South African mining industry (small mining timber, turned poles and pencil props).

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Swaziland Africa, Southern Africa Food and agriculture May 2012 Active
Global-woods AG

Global-woods AG is a forestry company in the Kikonda Forest Reserve in Uganda which has been operating under a tree-farming license to establish and manage the 12,182 hectare forest since 2002. A variety of tree species are grown in the plantation to produce saw-logs and fuel wood.

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Uganda Africa, East Africa Food and agriculture March 2015 Active
Compagnie des Bois du Gabon

Tropical forest harvesting and wood processing company that manages a contiguous forest concession of 568,543 hectares near the southern coast of Gabon

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Gabon Africa, Central Africa Food and agriculture March 2016 Active
MTO Forestry (Pty) Ltd South Africa Africa, Southern Africa Food and agriculture September 2018 Active