Africa is experiencing an accelerating increase in its regional demand for forest products. Forest plantations will play a crucial role in increasing the regional timber and fibre supply. Successful forest plantation investment requires acknowledgement of several underlying conditions and solid understanding of the region’s specific characteristics, including securing market access and downstream processing, and proper project management capacity. A thorough consideration for social and environmental responsibilities is also essential for achieving long-term sustainability. Importantly, prospering forest plantation and downstream investments will not only provide solid and sustainable returns for the investor, but will also generate employment, alleviate poverty, and contribute to development of sustainable economies in Africa.
Last week stakeholders involved with forestry investments in Africa gathered to attend the African Forestry Investment Conference, which took place in Accra, Ghana, between 13th and 14th June 2017. The event was organized by the African Development Bank and the Climate Investment Funds (CIF). The core topic of the conference was to find answers to the question at hand: how will Africa satisfy its rapidly increasing regional demand for forest products?
Speakers and participants of the event comprised various stakeholder groups involved in the forestry investment universe, including key decision-makers from international financing institutions, representatives from the major regional forest plantation projects, and local SMEs. Indufor was represented at the event by Mr Juho Penttilä, who gave a presentation on the main challenges and enabling conditions required for successful forest plantation investments in Africa. The presentation, which drew core lessons-learned from long experience working in the African forestry sector, was held in cooperation with Mr Paul Ankrah, Indufor’s associate.
Through continuous engagement in challenging projects in the region, Indufor is uniquely positioned to provide unparalleled services in combining financial, environmental, and social performance of your forestry investments.
The presentation in the AFIC can be accessed here.