• Africa
Where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 2, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
New Forest Company
The holder of the loan, grant, or other investment.
  • Agriculture and Forestry
  • Climate and Environment
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 0.02 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 0.02 MLN
Converted using 2017-12-25 exchange rate.
Bank Documents
Primary Source

Original disclosure @ FMO website

Updated in EWS Apr 9, 2018

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Project Description


"New Forests Company" or NFC, is one of the largest forestry companies in East Africa (40 million planted trees - 26,656 hectares plantation and 51,744 hectares land bank). It is an integrated forestry company founded in 2004 with operations ranging from the tree nurturing phase to the sales of finished goods (mainly transmission poles) in Uganda, Tanzania and Rwanda. The contractual relationship will be between FMO and the Consultant.


The aim of this project is to quantify the amount of avoided greenhouse gas (GHG) emissions associated with FMO's investment in NFC. This will be achieved by the development of a tool and undertaking an assessment that accounts for operational GHG emissions of NFC's business, and GHG emissions and CO2 sequestration due to the growth and harvesting of plantation forests, downstream processing and sales.


This project is of high strategic relevance. It is fully in line with FMO's climate change finance strategy and FMO's wish to quantify and elaborate upon the extent to which its investments reduce its carbon footprint.

Investment Description
  • Netherlands Development Finance Company (FMO)
Contact Information

South Africa
+27 11 507 2500



Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: