Criterion Africa Partners (CAP), a private equity firm investing in the forestry sector in sub-Saharan Africa, has announced that its portfolio company Global Woods has completed the sale of its Uganda timber plantation to Nile Fibreboard, a local strategic buyer.

Global Woods established the 8,500-hectare pine and eucalyptus plantation in 2002 in the Kikonda Forest Reserve near Hoima. The plantation is now one of the premier forestry estates in East Africa. When it reaches full maturi...