Market News

  • 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. . .

  • Kenya's Forestry Contribution to the National Economy and Trade

    Posted on :Thursday , 8th July 2021

    In Kenya, the forest sector provides more economic benefits than is recorded in the country's national statistics.

    The Kenya National Bureau of Statistics (KNBS) indicated forestry’s contribution to GDP to be one percent, which, according to the study of the Forestry Society of Kenya did not take into account other important values, including direct values of both timbe. . .

  • The Demand for Wood is Growing in Kenya

    Posted on :Wednesday , 3rd March 2021

    Several developments in Kenya are leading to an increase in demand for timber. Kenya's economy has expanded by 6% per year and is expected to continue to expand steadily. The population currently stands at 53 million and the proportion of the population living in cities is growing steadily. The rising middle class wants to buy nicer homes and furniture.

     

    For example, demand fo. . .

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