Wealthy investors in Uganda are taking advantage of a new money-making opportunity investing in trees. Trees have become an attractive investment because of the rising cost of timber and the allure of carbon credits. The Ugandan government sees these so-called “tree banks” as a means to combat deforestation. But practice remains controversial.
These days, Uganda?s wealthy elite are less likely to put their money into property, the stock market, or even the bank. The new hot investment opportunity is trees. Vast plantations of pine and eucalyptus are sprouting across the country, planted by those looking to cash in on valuable wood and possibly carbon credits.
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