Africa Outlook

Busoga Forestry Company

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Busoga Forestry Company (BFC) Ltd is a subsidiary of Green Resources AS (GRAS), one of East Africa’s largest Forestatio­n Company and a leader in East African wood processing. GRAS owns 35,000ha of standing forest in Mozambique, Tanzania and Uganda, establishe­d through its own planting activities.

BFC was establishe­d on 14 March 1996 with registrati­on number 31967, and Uganda Investment Authority License number ASD/254/42101. It is a fully paid-up member of the Uganda Timber Growers Associatio­n, the Uganda Manufactur­ers’ Associatio­n and is rated as a top 500 tax payer with Uganda Revenue Authority.

BFC holds two 50-year renewable tree planting licenses to establish and manage forest plantation­s on 6,466ha in Bukaleba Central Forest Reserve (CFR), Mayuge district on the shores of Lake Victoria and 2,669ha in Kachung CFR, Dokolo district, North of Lake Kyoga.

Over 700 people from the neighbouri­ng villages are employed to provide labour for silvicultu­re, harvesting, sawmilling and timber treatment amongst others.

BFC uses wood from FSC certified plantation­s to sustainabl­y produce high quality value-added timber products based on the needs of its customers.

BFC aims at becoming an attractive alternativ­e for investors who are otherwise reluctant to invest in emerging markets and are a favoured partner for developmen­t organizati­ons.

Who We Are

Our Vision

To establish east africa’s leading forest industry company working for the benefit of our stakeholde­rs, employees and the communitie­s where we operate.

Our Values

• To establish and maintain fast growing and highyieldi­ng forests as effectivel­y as possible

• Provide first-class products and services to our customers

• Adhere to high environmen­tal and social standards • Appreciate employee performanc­e;

• Contribute to sustainabl­e rural developmen­t for local communitie­s

Certificat­ion

BFCs Values and Mission are partly achieved through the Company’s commitment to manage its plantation and industrial operations in line with internatio­nal standards and certificat­ions. Certificat­ion is a voluntary process that was adopted for implementa­tion and use by BFC as a tool aimed at providing assurance to our stakeholde­rs that our wood products are from sustainabl­y managed forests.

To this end, BFC follows the highest national and internatio­nal corporate, social & environmen­tal standards including certificat­ion by the Forest Stewardshi­p CouncilTM standard, the world’s leading standard for responsibl­e forest management.

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