Vuka Timbers

South Africa Manufacturing

We are invested in Vuka Timbers through Africa Forestry Fund II, which is managed by Criterion Africa Sustainable Forestry Management.

We do not hold direct relationships with the companies that investment funds invest in. Instead, we hold relationships directly with the fund. When investing through investment funds, British International Investment takes an active role as a limited partner to the fund, working with the fund manager to ensure best practices, including in environment, social and governance matters, and investment management oversight.

This investment was made when British International Investment was named CDC Group.

Vuka Timbers manufactures and supplies timber-based wooden poles used in electrical transmission and distribution, telecommunication, fencing, agriculture, laths and droppers. The company supports local communities, by providing power and communication where they have never been before.

For further information on the fund, the fund manager, and the expected impact of the fund’s investment, click here.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
Africa, Southern Africa
Countries:
South Africa
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.

:
Manufacturing
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund:
Africa Forestry Fund II
Fund Manager:
Criterion Africa Sustainable Forestry Management
Start date

For direct investments, this is the date British International Investment committed capital to the business or project.

For funds, this is the date that British International Investment committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
August 2019

We are now British International Investment