{{Rwanda is set to gain from a deal that will see over 8,500 hectares trees harvested for Timber.}}
The New Forests Company (NFC) signed a 49-year deal with Rwanda that will lead to the lucrative harvest of thousands of hectares of pine, cypress, eucalyptus and acacia trees planted around Nyungwe Forest.
Most of the trees to be harvested are those planted in the buffer zone around the Nyungwe National Forest.
In a Press statement, NFC noted “We want to add value to the timber locally in a series of processing plants over the next few years directed at wood products for the construction, energy and infrastructure industries both for the local and the East African market.”
The South African Firm has also pledged construct two energy and infrastructure industries.
NFC seeks to empower Rwanda’s entrepreneurial rural farmers through the provision of capacity building and critical capital investment interventions to unlock economic development potential.
According to the NFC website;
The New Forests Company is a UK-based sustainable and socially responsible forestry company with established, rapidly growing plantations and the prospect of a diversified product base for local and regional export markets which will deliver both attractive returns to investors and significant social and environmental benefits.
NFC has operations in Uganda, Mozambique, Tanzania, South Africa and other countries on the continent.
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