Rougier Afrique International agreed financing with the French Development Agency

Rougier Afrique International on May 12, 2017 signed a deal for a 10-year loan from Proparco, a subsidiary of the French Development Agency (AFD). The deal accounts for EUR 15 million, including a three-year interest-only period.

According to the announcement, this operation will finance the launch of activities in the Central African Republic, as well as some of the group’s other development projects in Africa.

Earlier Rougier signed a partnership contract to supply logs in Gabon.

About Rougier Group:

The group is a market leader for certified African tropical timber with over two million hectares of forest concessions under management in Cameroon, Gabon and Congo. It operates three business lines: Rougier Afrique International (natural forest harvesting, industrial processing and international trade), Rougier Sylvaco Panneaux (importing and distribution in France of timber from all origins), and Lignafrica (research, management and investment in industrial forest plantations in Africa).

Source: Woodbizforum