Market News
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Tanzania's commercial forestry industry has the potential to significantly raise the incomes of small tree growers.
Posted on :Monday , 24th May 2021
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 forest plantation area (including small scale woodlots) is estimated to be 325,000 he. . .
Timber Trade sees a revival in East Africa
Posted on :Wednesday , 30th September 2020
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 in natural forest timber in the area is growing, hitting a value of hundreds of mil. . .
WOODBOIS SHIFTING ITS FOCUS TO AFRICA AFTER ENJOYING A RECORD IN THE FIRST QUARTER
Posted on :Thursday , 2nd May 2019
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 18: USD 3.4millon). Lombard Odier subscription Woodbois raises £960k.
As the year p. . .
East African booming wood industry is an attractive investment destination
Posted on :Thursday , 27th June 2019
According to a new study by South Africa’s Rand Merchant Bank (RMB) Kenya, Rwanda and Tanzania will be among Africa’s most attractive investment destinations in 2019. The RMB Investment Attractiveness index scrutinizes countries’ economic and operating environments to assess their potential to attract investment.
Their report, 'Where to Invest in Africa 2019', is a key. . .
Tanzania paints a bright outlook for 2018
Posted on :Wednesday , 22nd August 2018
State-run National Bureau of Statistics (NBS) said that faster growth in mining, natural gas and construction activities propelled Tanzania’s economy higher in the third quarter of 2017. East Africa’s third-biggest economy grew 6.8 per cent year-on-year in the third quarter compared with 6.2 per cent in the same quarter in 2016.
According to the NBS, Econom. . .
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