Pre-investment Technical Assistance by LDN TAF
Country:
Ethiopia
Sector:
Bamboo
Business model
African Bamboo’s current business model envisages bamboo raw materials being sourced sustainably from natural bamboo forests, community outgrower production sites, and plantation sites. Harvesting from the natural bamboo forest site will be done with low impact (manual/non-mechanical) methods, and the project will seek FSC® certification. The natural bamboo forest operations are operated through participatory forest management agreements with communities.
Investment need
African Bamboo is looking for up to US $20 million in investments, mainly for processing capex and development of upstream activities.
Technical assistance
- Independent impact assessment of the proposed operations in the natural bamboo forest and of the cultivation of bamboo by smallholders/communities;
- Assessment of feasibility to achieve FSC® certification.
Technical assistance support from the LDN TAF does not constitute a commitment from the LDN Fund, or Mirova, to finance directly or indirectly the project described above. Any such commitment shall be subject to inter alia, a detailed technical, financial and legal due diligence of the company and the project, as well as all required LDN Fund investment committee approvals and satisfactory documentation.
