New Forests announces first investors in African Forestry Impact Platform and inaugural acquisition

SYDNEY: 20 October 2022 – New Forests, along with its investment partners British International Investment (BII), Norfund and Finnfund, have signed subscription agreements for their investment in a dedicated African fund, the African Forestry Impact Platform (AFIP), for US$200 million, and announced AFIP’s first acquisition, Green Resources, East Africa’s largest forest development and wood processing company.