Who Will Finance Africa’s Reforestation? (ESG Magazine)20 June 2016
Newsletter 9 | New Forests for Africa11 July 2016
Newsletter 8 | New Forests for Africa
Form international is founder and partner of the initiative ‘Forests for the Future – New Forests for Africa’. This initiative has been established with the aim to stimulate and drive large scale reforestation in Africa. The target to reach 100 million hectares of new forests, which African nations have set them themselves is of an exceptional size. To realize this, African leaders see the need for sustainable forestry projects based on a long-term approach and multi-stakeholder benefit. They particularly see the benefit to intensify the cooperation with the private sector as they have the resources, innovation and the ability to deliver.
‘Forests for the Future – New Forests for Africa’ is a multi-stakeholder movement of forest plantation companies, financial institutions, governments, NGO’s and local communities who will actively set up projects and initiatives to boost reforestation with the focus on degraded land. There are several issues that need attention: like education, awareness and availability of land. The key enabler for reforestation is access to finance. Funds need to become aware of the huge impact they will have when investing in forestry.