Private equity fund and UNIDO partner to develop sustainable bush–processing in Namibia

Baobab Capital (Pty) Ltd has agreed to co-fund a United Nations Industrial Development Organization (UNIDO) project to support the development of sustainable business solutions for higher value-added bush-based products in Namibia. UNIDO Managing Director, Philippe Scholtès, and the Managing Director of private equity fund, Baobab Capital (Pty) Ltd, Jerome Kisting, have signed a Trust Fund Agreement worth €400,000.

The immediate objective of the project is to reduce bush encroachment by stimulating the utilization of invasive bush species for the production of animal feed and charcoal. The production process will be an important source of jobs.

For more information, please read the online article, or contact: Mr. Farrukh Alimdjanov (F.Alimdjanov [at] unido.org (F[dot]Alimdjanov[at]unido[dot]org)).