Africa Sustainable Forestry Fund
KVTC is majority owned by the Africa Sustainable Forestry Fund (‘ASFF’) a private equity fund dedicated to the African forestry sector. ASFF was established in 2010 with a mandate to invest in forestry businesses in Sub-Saharan Africa to generate attractive returns for its investors while having a positive impact on the environment and local stakeholders.

In addition to ASFF’s investment in KVTC, ASFF has invested in forestry businesses in South Africa, Swaziland, Uganda and Gabon. ASFF investors include many of the leading development finance institutions from North America, Europe, and Africa. Commonwealth Development Corporation (“CDC”), the founder and former owner of KVTC, is a lead investor. FinnFund, which has been a minority investor in KVTC since 2000 and a shareholder alongside ASFF, is also an investor in ASFF. Other notable investors include the International Finance Corporation (“IFC”, the private sector arm of the World Bank), DEG (the German development bank), Proparco (the French development bank), SIFEM (the Swiss development bank), MAEC (the Spanish development ministry), and the African Development Bank.

Criterion Africa Partners (‘CAP’) provides advisory services to ASFF, and represents ASFF on KVTC’s Board of Directors. To read more on CAP and ASFF: www.criterionafrica.com

Finnfund is a Finnish development finance company that provides long term risk capital for financing socially responsible, profitable projects in developing countries. Finnfund is owned by the State of Finland (84.2 %), Finnvera (15.7 %) and Confederation of Finnish Industries EK (0.1 %).
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