Market News

  • Ethiopian Industrial Development Corporation Signs MoU with Renowned Chinese Furniture Firm

    Posted on :Tuesday , 5th November 2024

    The Industrial Parks Development Corporation of Ethiopia (IPDC) has recently entered into a Memorandum of Understanding (MoU) with Aniy Furniture PLC, a Chinese firm known for its expertise in modern office furniture manufacturing. Under this agreement, Aniy Furniture will establish a production facility within the Bole Lemi Industrial Park, focusing on manufacturing contemporary office furnitu. . .

  • Kenya Emerges as a Central Hub in the Plywood Trade under China's Belt and Road Initiative

    Posted on :Monday , 14th October 2024

    China and India are increasingly targeting Kenya's Blue Gum tree plantations, sparking a rise in timber processing plants producing veneers. These operations are expanding rapidly post-pandemic. According to The Nation, Africa's largest independent media outlet, Chinese and Indian nationals are competing in veneer processing in several Kenyan regions, including Chepseon, Bungoma, Kisii, Isiolo,. . .

  • The Tatu Woodworks Is Launched In Tatu City, Kenya.

    Posted on :Friday , 5th April 2024

    Tatu Woodworks, a custom business that specialises in joinery services that meet European standards, has started operating at Tatu City, a 5,000-acre mixed-use Special Economic Zone (SEZ) close to Nairobi. The company will provide turnkey solutions for homeowners, developers, architects, and interior designers, ranging from idea and design to joinery, thanks to its extensive technical skills an. . .

  • Encouraging sustainable wood in Kenyan green construction for resilient, low-carbon development

    Posted on :Tuesday , 5th March 2024

    When environmental services are taken out, the forest sector accounts for 3.6% of Kenya's GDP1, which is a significant contribution to the country's socioeconomic development. The industry provides non-timber forest goods and services, such as wood fuel, to both urban and rural populations. At the moment, the industry supports up to 50,000 direct jobs and about 600,000 indirect jobs. Compared t. . .

  • Nairobi County says it intends to create the largest wood furniture sector in Kenya

    Posted on :Tuesday , 6th February 2024

    By targeting 27 key counties, the Nairobi City County government's aggregation and industrial parks initiative will soon establish the nation's first wood furniture business.

     

    Opportunities for County Executive, Business, and Hustler According to Maureen Njeri, Nairobi City County was one of the 27 counties chosen to carry out the CAIPs project, and funding for it has been all. . .

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