twitter Facebook Linkedin acp Contact Us

Apex Group supports New Forests in developing Africa’s forestry sector

The African Forestry Impact Platform continues to raise capital to support the sustainability and development of Africa’s forestry sector. (Image source: Adobe Stock)

Apex Group Ltd., a global financial services provider, has been mandated by New Forests, a global investment manager of nature-based real assets and natural capital strategies, to deliver fund services to their African Forestry Impact Platform (AFIP)

News Forests’ AFIP will continue to raise long term institutional capital to support the sustainability and development of Africa’s growing forestry sector, with the aim of raising US$500mn in the next few years. AFIP will invest in a portfolio of plantation forestry operating companies and related assets in sub-Saharan Africa, primarily targeting established assets that can be expected to provide stable and predictable cash flows across a diversified set of markets. 

Apex Group is supporting the AFIP’s Singapore domiciled Variable Capital Company (VCC) structure, via its single-source solution delivered by local experts. Apex Group will deliver fund administration services to AFIP, including a full suite of bookkeeping and fund accounting services, including the preparation of financial statements, NAV calculation and FATCA CRS services. The Group will also provide assistance with bank account opening and operation.

Prakash Kharel, head of real assets, Asia Pacific at Apex Group, commented, “We are proud to continue our partnership with New Forests, to support their latest fund which is driving positive change through sustainable forestry in the nature-based real assets space. This appointment to provide fund services to the AFIP VCC is testament to the excellent work of our team to date.”

Aman Bahel, global head of business development at Apex Group, added, “This announcement follows a strong first quarter for new business wins and organic growth at Apex Group as we continue to see strong demand for our single-source solution from both our existing and new clients alike. While the global markets remain challenging for many as we enter Q2, we see a unique opportunity to be a trusted partner for our clients in this uncertain macroeconomic environment. The busy start to 2023 has laid a strong foundation for our further growth in the year ahead, and we expect to build on this success as we celebrate our 20th year in business with the launch of new technology solutions, exciting product innovations and further expansion of our geographic footprint as we strive to deliver exceptional solutions for our clients.”

The Bell team in Richards Bay consists of more than 800 machinists, welders, and assemblers. (Image source: Bell)

GFE Power Product’s extensive range covers generators from 10 kVA up to 3,000 kVA. (Image source: GFE Power Products)

The funding is the largest-ever equity raise in the minigrid industry according to Husk. (Image source: Adobe Stock)

The initiative will help African contractors participate in annual infrastructure investments. (Image source: Afreximbank)

ITS has evolved into a sophisticated systems approach, providing numerous opportunities to revolutionise road networks. (Image source: Adobe Stock)

Invest International’s Lara Muller; Ivory Coast Minister of Finance and Economy, Adam Coulibaly; and Ambassador Designate to Ivory Coast, Jeroen Kelderhuis. (Image source: Invest International)

The Yellow Metal Machine Rental team with some Wacker Neuson equipment. (Image source: Wacker Neuson)

Although displaying resilience, the report warns that African banks remain exposed to physical climate risks due to both sovereign and industry lending. (Image source: Adobe Stock)

WAA and VCMI will seek to establish regulatory frameworks to enable access to high integrity and fair voluntary carbon markets for WAA member countries. (Image source: Adobe Stock)

The parties will also promote the mutual exchange of information and expertise in the field of export credit policies and practices. (Image source: TBD Group)

Inside Condra’s Johannesburg factory: an overhead crane positions an electric motor during assembly of hoist and crab. (Image source: Condra)

IVECO is renewing its entire product range, all at once. (Image source: IVECO)

The MoU was signed alongside the Africa Health Business Symposium. (Image source: Africa CDC)

Both the IMF and EIU expect SSA to rank as the world’s second fastest growing economy in 2024. (Image source: Adobe Stock)

There has been a focus on the sugar industry. (Image source: Adobe Stock)

Evolving concept of energy security must address energy demand, system flexibility, technology access and infrastructure development, says IRENA. (Image source: IRENA)

World Bank & African Development Bank partner to provide electricity access to 300 million Africans by 2030, leveraging public-private investments. (Image source: Adobe Stock)

(L-R): Dr Diane Karusisi, CEO, Bank of Kigali and Dr Reda Helal, group managing director – processing, Africa and co-head group processing, Network International. (Image source: Network International)

At WFES, Gotion High-tech will showcase its latest products and leading green energy solutions at its booth. (Image source: Gotion High-tech)

The new Perkins 5012 is a full-authority electronic engine optimised and purpose-built for power generation applications. (Image source: Perkins)

SSAB will begin deliveries of the new products in 2026.

The key issues restricting sub-Saharan Africa’s manufacturing sector will be unpacked at Manufacturing Indaba later this year. (Image source: Adobe Stock)

Through the innovative solution, each vessel can fill two tank containers on average between two ports. (Image source: Maersk)

Hyphen is developing sub-Saharan Africa’s largest, most advanced and only fully-vertical integrated green hydrogen project. (Image source: Hyphen)

According to Liebherr, the Used Equipment Marketplace is extremely user-friendly. (Image source: Liebherr)

Electricity storage will be pivotal in unlocking renewable projects and meeting energy demand. (Image source: Adobe Stock)

With RFID, assets can be given unique digital identities that enable users to identify and locate them all at once, from a distance, in real time. (Image source: Brady)

Africa Data Centres and DPA SA have broken ground on their solar farm in the Free State. (Image source: Africa Data Centres)

A Cat PM310 Cold Planer in action. (Image source: Caterpillar)

A larger stockholding of WEG products facilitates ready access for customers. (Image source: WEG Africa)