Canada’s FinDev invests US$7.5m in the Africa Forestry Fund II

AFRICA – FinDev Canada, a company that invests in gender-lens fund to bolster women-owned SMEs in Africa, announced an investment of US$7.5m in the Africa Forestry Fund II (AFF II). Its a growth equity fund focused on acquiring and developing environmentally-friendly forestry value chain assets across Sub-Saharan Africa. “FinDev Canada is excited to work with a fund that targets a much-needed industry in Africa,” said Suzanne Gaboury, Chief Investment Officer at FinDev Canada. “Leveraging private capital to find sustainable solutions in Africa’s forestry industry is paramount to its longevity, and…

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