Miro Forestry is an integrated sustainable forestry and timber operator producing sawn timber, utility poles, plywood, and energy biomass from rapidly‑growing, FSC‑certified trees for domestic and export markets. The company controls 32,000 hectares of land and has seeded/planted more than 17 million trees, with roughly 15,000 hectares planted on degraded land and 30% under active conservation management. Holdings have sequestered more than 1.3 million tons of CO2 to date, with the ability to sequester an additional 5 million tons by 2030 through expansion. Miro says it is focused on rapidly developing timber processing operations to become a vertically integrated, profitable timber products company with a major focus on plywood. Expansion plans are expected to sustain about 5,000 jobs in Ghana and Sierra Leone and to contribute roughly US$5 million to local communities in wages and local sourcing. The company has made a public commitment to increase women in its workforce from 18% to 40% over two years and has a gender action plan to improve recruitment and retention. Miro Forestry Developments Limited is a plantation and wood-processing company delivering forestry products in Ghana and Sierra Leone. British International Investment (formerly CDC Group) has provided capital to the company since 2015, initially to grow its plantations and subsequently through several follow-on investments to expand plantations and wood processing. The investment recorded on this page is an equity commitment made in May 2020 for $9.3m (USD). The company’s activities are classified in the Food & Agriculture sector and the investment is domiciled in the United Kingdom. BII’s engagement includes support to implement and strengthen the company’s environmental and social management system, with a focus on occupational health and safety and stakeholder engagement. The investment is fully climate finance qualified and tracked as mitigation.

Total raised

$21M

Funding rounds

2

Latest round

Equity

Latest activity

Feb 2021