Market News

  • Zimbabwe: Furniture Makers Target to Raise Capacity Utilisation

    Posted on :Monday , 19th October 2015

    FURNITURE manufacturers are targeting to increase capacity utilisation from the current 30 percent, but say Government should implement measures it proposed to turnaround the sector's fortunes.

     
    Some of the measures mooted by Government include introduction of a manufacturers' rebate for duty free importation of selected raw materials by approved manufacturers.
    . . .

  • Demand for Wood in Africa Could Triple by 2050

    Posted on :Wednesday , 7th October 2015

    The demand for forest products and services in Africa is growing rapidly, fuelled by a growing population and an expanding economy. By 2050, domestic demand for industrial roundwood could double or even triple from the current annual level of 96.2 million m3 found a report released today by the United Nations Environment Programme (UNEP).

    Such pressure, coupled with the encroachment o. . .

  • Kilwa residents earn 361m/- from timber exports

    Posted on :Monday , 26th January 2015

    In a statement, Mpingo Conservation and Development Initiative (MCDI) said nine communities set aside 100,000 hectares of village natural forests with sustainable harvesting for exports.

     
    “MCDI also supported seven communities in the nearby Liwale and Tunduru districts to reserve 80,000 hectares of forest in 2014,” the statement said.
     
  • Africa: World Wood Production Up for Fourth Year - Paper Stagnant As Electronic Publishing Grows - UN Report

    Posted on :Monday , 22nd December 2014

    Continuing steady growth in 2013 for the fourth consecutive year, global wood production has fully recovered from the economic downturn of 2008-2009, though production of pulp and paper stagnated largely due to a decline in consumption in China, data released by the Unite. . .

  • Kenya the Best Place to Invest, Says Kirubi

    Posted on :Monday , 24th November 2014

    Nairobi — "If the truth is to be told, Kenya is the best place in the world to invest in. This is a country where wealth is made. In the western world, you are shuffling money which is creating no wealth," Businessman Dr Chris Kirubi tells over 300 investo. . .

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