Market News

The African plywood market is poised for steady growth over the next decade, driven by rising demand across the continent. With an anticipated CAGR of +0.3% from 2024 to 2035, market volume is projected to reach 2.2 million cubic meters by 2035. In value terms, the market is expected to expand at a . . .

The Kenya National Bureau of Statistics (KNBS) recently released the Kenya Housing Survey report, showcasing the country’s diverse construction materials. The report highlights the increasing use of durable materials, with a special emphasis on wood and timber, which play a crucial role in buildin . . .

Wood is at the center of a construction revolution in Kenya, challenging traditional reliance on concrete and steel. Four women are leading the shift towards timber, advocating for its viability as a sustainable building material. With Kenya’s forest cover at 8.8% as of 2021, concerns about defore . . .

Bamboo wood is gaining popularity in Kenya as a sustainable and versatile alternative to traditional materials. Inspired by Chinese innovations and supported by the International Bamboo and Rattan Organization (INBAR), bamboo is transforming industries, homes, and livelihoods. Edmond Machoki, a . . .

New Forests, a global investment manager of nature-based real assets and natural capital strategies, has appointed Kenya-based Yida Kemoli as managing director of Africa operations to further tap into the country's vast resources, including forests and timber.Mr Kemoli will be responsible for drivin . . .