Mozambique: FMO backs forestry company
FMO has disclosed a $1.21 million approved investment in LevasFlor.
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Dutch development finance institution FMO has disclosed a $1.21 million approved investment in LevasFlor, a natural forest management company managing 46,000 ha of Miombo forest in central Mozambique. Operations consist of forest management (harvesting), sawmilling and carpentry.
FMO is providing funding to LevasFlor from the Mobilising Finance for Forests (MFF) Development Contribution Facility. FMO's contribution will help to finance full feasibility studies and product/market testing in order to develop a detailed business plan for a potential expansion and greater value addition to its wood products.
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