Market News

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 Unit . . .

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 80,00 . . .

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 United Nations' Food and Agricult . . .

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 investors who are in Nairobi to attend the fi . . .

 THE state-run South African Forestry Company (Safcol) aims to start exporting to high-growth countries such as India and China to counteract rising costs and the renewed land claims threat in South Africa. Despite an 11% rise in timber sales in the year to March, Safcol reported a R24.5m op . . .