MIRO FORESTRY DEVELOPMENTS LIMITED
Status: Approved investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Miro Forestry & Timber Products is a triple bottom line plantation forestry business with operations in Ghana and Sierra Leone. The company's mission is to develop and operate globally high-quality and cost competitive commercial forestry whilst providing environmental, social, and economic benefit to local communities.
What is our funding objective?
This project will address strategic priorities related to strengthening Miro's human resources management, with a gender lens. Aim is to source new recruits from Field Ready's vetted pool, specifically for the 40 new positions on the industrial site with a gender profile of 50% women, as well as to develop a mentoring programme targeted towards female employees.
Why do we fund this investment?
Gender, including FMO's support to knowledge development and integration of key gender issue, is a strategic theme linked to E&S risk management.
More investments
| Date | Total FMO financing |
|---|---|
| 8/24/2022 | EUR 0.10 MLN |
| 5/20/2020 | USD 10.48 MLN |
| 5/20/2020 | USD 5.00 MLN |
| 9/14/2020 | USD 1.04 MLN |
| 8/24/2022 | EUR 0.20 MLN |
| 9/14/2020 | USD 12.60 MLN |
- Region
- Africa
- Country
- Ghana
- Sector
- Agribusiness, Food & Water
- Effective date
- 12/6/2021
- Total FMO financing
- EUR 0.03 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B+