Market News

The Indian Ocean island of Zanzibar is planning the world's tallest timber apartment, a 28-story residential structure built with hybrid timber technology. The magnificent high-rise, known as Burj Zanzibar (the Arabic word "burj" means "tower"), is intended to rise significantly 96 metres. As t . . .

Africa will be one of the world's greatest marketplaces by 2050, with a population exceeding that of China. The construction of a continental free trade zone is well underway. Africa's population will grow to include a sizable middle class with a growing hunger for consumer goods. These trends prese . . .

In Tanzania's fast developing economy, rising demand for timber and wood supply from industrial plantations and natural forests have created a new source of income for smallholder farmers in Tanzania's Southern Highlands, which is experiencing a tree-growing boom. Woodlots are becoming increasi . . .

Dr. Ezekiel Mwakalukwa, Chairman of TNBC's Forestry Working Group, stated in Dar es Salaam. Ben Mfungo Sulus, co-chair of the working group, and Dr. Godwill Wanga, executive secretary of the TNBC, are with him. The Tanzania National Business Council (TNBC) is launching a program to encourage th . . .

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 contin . . .