Rance Timber manages 14,000 hectares of pine plantations of which more than 40% is made up of protected indigenous forests, grasslands, riparian zones and other vegetation types to improve biodiversity and water quality.
The funding will support the roll-out of mini-grids powered by clean and affordable energy sources across the West-African country, where 90 million people have no access to electricity.
The commitment will allow Planting Naturals to grow its operations and boost incomes and livelihoods for its growing network of farmers in the West-Africa country.
Finland’s development finance institution aims to mobilise private capital to fund critical digital infrastructure projects and boost inclusive growth in emerging markets.
The Japanese development bank joins founding partner KfW as an investor in the fund, which provides loans to SMEs exporting from emerging Asia and Africa.
The DEG loan to the CRBD bank will use a guarantee from the European Fund for Sustainable Development Plus, and will support small businesses including those owned by women and young adults.
The facility, backed by European impact investors, will be used by QNB Leasing to provide finance for clean energy projects, micro and small companies and sustainable economic development.