Kenya: FMO proposes $7.5m investment in micro-forestry company
Posted on: 23 April, 2020 at 5:25 PM
Dutch development financier FMO has disclosed a proposed $7.5 million investment in Komaza Group Inc., a vertically integrated micro-forestry company working with smallholder farmers in Kenya to address a large and fast-growing wood market in Africa.
The main funding objective is to support the growth of Komaza within Kenya and potentially across sub-Saharan Africa.
This investment will be funded from the land use facility of the Dutch Fund for Climate and Development (DFCD). The DFCD seeks to improve the well-being, economic prospects, and livelihoods of vulnerable groups and enhance the health of critical ecosystems, from river basins to tropical rainforests, marshland, and mangroves.
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