Market News
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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. . .
East African countries join hands to promote legal logging
Posted on :Wednesday , 22nd August 2018
In a bid to improve legal timber trade and save legitimate businesses from falling prey to the losses sustained by illegal logging, Eastern African Representatives from across different countries are meeting to discuss the formal launch and implementation of the steering committee for the Zanzibar Declaration on Illegal Trade in Timber and other Forest Products.
The Zanzibar. . .
Milestone deal between Uganda and Tanzania
Posted on :Wednesday , 22nd August 2018
Dar es Salaam — Trade relations between Uganda and Tanzania have reached another significant milestone, this after the former opted to sign a Memorandum of Understanding (MoU) on Railway Transport Services And Cooperation and Improvement of Ports and Inland Waterways.
As per the MoU, Uganda, being one of the East Africa's landlocked countries, will be able to use the port of. . .
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