Finance

Canadian FinDev injects $12mln in Miro Forestry Developments

Monday, 18 January 2021 19:08
Canadian FinDev injects $12mln in Miro Forestry Developments

(Ecofin Agency) - FinDev, the Canadian financial institution dedicated to the private sector in developing countries, has announced an investment of $12 million in the capital of Miro Forestry Developments, a forest and wood products company operating in Sierra Leone and Ghana.

Welcoming the partnership with FinDev, Andrew Collins, MD of Miro Forestry Development, said the financing will help his company pursue its growth strategy. FinDev's financial support comes at a time when Miro is looking to accelerate its expansion in the West African region, which it considers "one of the most attractive in the world."

Over the past five years, the company co-founded in 2011 by Andrew Collins has sought out international donors, notably British and Dutch development finance institutions, to support its activities and expansion.

The investment announced by FinDev Canada will allow the West African wood producer to expand its forest plantations (currently covering 32,000 hectares) and continue its wood processing operations with the ambition of becoming an integrated and profitable wood products player.

This financing operation for the African forestry sector will help increase wood production and boost the sub-Saharan forestry and wood products industry. For investors, this represents an opportunity to invest in structures committed to exporting to regional and European markets.

Chamberline Moko



 
Telecom


 
Public Management


Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

AGENCE ECOFIN

Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

REDACTION
redaction@agenceecofin.com

Public management
Aaron AKINOCHO
Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
Walid KEFI
Chamberline MOKO

Agribusiness
Espoir OLODO

Electricity
Gwladys JOHNSON

Oil and Gas
Olivier DE SOUZA

Mining
Louis-Nino KANSOUN

ITC 
Muriel EDJO

Comms
Servan AHOUGNON

Cameroon
Brice R. MBODIAM
Sylvain ANDZONGO
Monique MAY
Julienne Rose SENDE

Togo
Fiacre E. KAKPO
Waliyullah TAJUDEEN
Séna AKODA

Niger
Sandrine GAINGNE

Gabon
Stephane BILLE
Pierre-Celestin ATANGANA

Desk
Stéphane ALIDJINOU
Souha TOURE
Vahid CODJIA
Diane ZODEHOUGAN
Hikmatu BILALI

Translation
Schadrac AKINOCHO
Mouka MEZONLIN
Firmine AÏZAN



Digital
Omar SOKHNA
Mamadou DIOP
Bacary MANE
Abdel Razak MOULIOM

Digital Marketing
Jérémie FLAUX
Geraud ACHI
Jean Christian BERNARD
Franck FOUTE

Web publishing
Bakoly RAHARISOA
Rina RAMANANDRAISOA
Hasina RAJEMISON

Development
Dominique FLAUX

 


 
REGIE COMMERCIALE
AGENCE ECOFIN
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11
Fax: +41 22 301 96 10

Benjamin FLAUX
bf@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72

Voir page 
Nos services
 

 










 



Ecofin Agency is a news agency for economic and sectorial information. It was created in 2010 and it website was launched in June 2011.

Please publish modules in offcanvas position.