African Development Bank invests $20 million for Silviculture in Eastern and Southern Africa. The fund is managed by Criterion Africa Partners (CAP), an investment company specializing in forestry and based in South Africa.
Details are provided below:
- The Fund helps in the conversion of silvicultural assets into high-value assets.
- Fund II focuses on the eastern and southern African regions, which contain most of the continent’s forest resources.
- The Fund II project achieves four development objectives of the Bank: to feed Africa, to enlighten Africa, to industrialize Africa, improving the quality of life, integrating Africa