West Africa-focused sustainable forestry and timber products company MIRO Forestry and Timber Products has secured a $10.7 million shareholder loan to support its operational cash flow requirements.
This financial boost is expected to enhance MIRO’s operational capabilities and support its commitment to sustainable forestry practices.
Verdant IMAP acted as the financial adviser for the transaction, which was provided by leading development finance institutions.
Founded in 2009, MIRO is a vertically integrated plywood manufacturing business headquartered in the United Kingdom, with operations in Ghana and Sierra Leone.
The company manages over 20,000 hectares of sustainably planted timberland, producing high-quality hardwood plywood and ancillary timber products.
It supplies customers globally, including North America, Europe, the Middle East and African markets.
The transaction represents Verdant IMAP’s fourth successful transaction in the broader agro-industrial sector in 2024.
JN/APA