Market News

As demand for residential and office space rises across Africa, the furniture industry continues to thrive in many African countries. Africa's rising economy, as well as its vast and quickly growing urban population, are some of the reasons why the furniture industry is doing well on our contin . . .

Sawmilling and wood planing, veneer sheets and wood-based panels, builders' woodwork and joinery, wooden containers, various wood goods, and furniture are all part of the wood and furniture sector in Tanzania. The manufacture of wood and furniture is one of Tanzania's oldest businesses, with th . . .

In Tanzania's Southern Highlands, the Forestry Development Trust (FDT) is collaborating with all segments of tree growers as well as various public and private forestry service providers to transform the commercial forestry sector by encouraging business structure reforms. Tanzania's current fo . . .

Timber trade accounts for hundreds of thousands of cubic metres of hardwood natural plantations annually; Mozambique, the DRC and, to a lesser degree, Tanzania, are the primary source countries for natural forest timber, while Kenya and Uganda are the largest importers. Overall, regional trade . . .

The forestry and timber trading company that is focused on Africa shipped an all-time quarterly high of 114 containers of timber and veneer during the three months ended on 31 March. That translated into record revenue of USD4.5millon for the period, a third higher than the same quarter of 2018 (Q1 . . .