Deal #10178

Uganda
Created at
2023-12-14
Last update
2024-11-07

Land area

Intended size
40 930 ha
Size under contract (leased or purchased area)
  • [2021, current] 9 050 ha
Size in operation (production)
  • [2023, current] 9 050 ha
Comment on land area
Equatoria Forestry Company (EFC) holds a legal title to manage 9,050 hectares in the Mount Kei Central Forest Reserve, granted by the NFA on March 17, 2021, with a 50-year license. Additionally, EFC is seeking another license to restore and manage an additional 32,880 hectares within the total 41,930-hectare area of the reserve

Intention of investment

Intention of investment
  • [2021, current] For carbon sequestration/REDD, Forestry unspecified, Conservation (40 930 ha)
Comment on intention of investment
The project aims to reforest degraded lands in Uganda, covering with teak (for construction) and indigenous trees for carbon sequestration.

Carbon offset project

Carbon offset project
Yes

Nature of the deal

Nature of the deal
Lease
Comment on nature of the deal
The project has a forestry license from Uganda’s National Forest Authority through Hummingbirds’ local partner, Equatoria Forestry Company.

Negotiation status

Negotiation status
  • [2021, current] Concluded (Contract signed)

Implementation status

Implementation status
  • [2023, current] In operation (production)