Market News

  • Komaza raises 28 million USD in Series B funding to address Africa's 30 billion USD wood deficit while restoring degraded lands

    Posted on :Tuesday , 2nd August 2022

    Komaza, a tech-enabled, sustainable forestry company that is reshaping the African wood market through its ground-breaking smallholder platform, has closed the first round of its anticipated 33 million USD Series B equity funding, amounting to 28 million USD. This fundraising round was co-led by Novastar LPs AXA Investment Managers and the Dutch development bank FMO, with additional participati. . .

  • Kenyan Community Projects that Save Forests and Livelihoods

    Posted on :Thursday , 28th April 2022

    More than 63 percent of people in Africa, according to the Center for International Forestry Research (CIFOR), have no alternative to wood and rely on it as their major energy source. In Africa, almost 90% of the wood harvested is utilised for fuel.

     

    Because cleaner alternatives or sustainable fuels remain out of reach, the International Energy Agency's regional energy forecas. . .

  • African wood industry surges on sustained international demand for raw materials

    Posted on :Friday , 24th September 2021

    The colonial past of Sub-Saharan Africa has impacted the growth, development, and ownership structure of its forest and wood products business, particularly the wood processing sector.

     

    The placement of wood processing plants corresponds to the availability of raw materials. As a result, the vast majority of current processing plants are in West and Central Africa. Kenya looks. . .

  • Furniture importers in Africa are reaping the rewards.

    Posted on :Wednesday , 25th August 2021

    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 continent.

     

    From Lagos in West Africa to Nairobi in East Africa, it is . . .

  • Kenya Housing Projects boost Wood Sector and Construction Industry

    Posted on :Monday , 26th July 2021

    Indirectly and directly, Kenya's wood sector serves approximately 500,000 Kenyans, with the lumberjack trade also serving as a backbone for the country's building industry. There are a number of variables that are leading to an increase in the demand for wood in Kenya.

     

    It is predicted that Kenya's economy would continue to develop at a high pace. Kenya has a population of mor. . .

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