Market News
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East African booming wood industry is an attractive investment destination
Posted on :Thursday , 27th June 2019
According to a new study by South Africa’s Rand Merchant Bank (RMB) Kenya, Rwanda and Tanzania will be among Africa’s most attractive investment destinations in 2019. The RMB Investment Attractiveness index scrutinizes countries’ economic and operating environments to assess their potential to attract investment.
Their report, 'Where to Invest in Africa 2019', is a key. . .
Tanzania paints a bright outlook for 2018
Posted on :Wednesday , 22nd August 2018
State-run National Bureau of Statistics (NBS) said that faster growth in mining, natural gas and construction activities propelled Tanzania’s economy higher in the third quarter of 2017. East Africa’s third-biggest economy grew 6.8 per cent year-on-year in the third quarter compared with 6.2 per cent in the same quarter in 2016.
According to the NBS, Econom. . .
East African countries join hands to promote legal logging
Posted on :Wednesday , 22nd August 2018
In a bid to improve legal timber trade and save legitimate businesses from falling prey to the losses sustained by illegal logging, Eastern African Representatives from across different countries are meeting to discuss the formal launch and implementation of the steering committee for the Zanzibar Declaration on Illegal Trade in Timber and other Forest Products.
The Zanzibar. . .
Milestone deal between Uganda and Tanzania
Posted on :Wednesday , 22nd August 2018
Dar es Salaam — Trade relations between Uganda and Tanzania have reached another significant milestone, this after the former opted to sign a Memorandum of Understanding (MoU) on Railway Transport Services And Cooperation and Improvement of Ports and Inland Waterways.
As per the MoU, Uganda, being one of the East Africa's landlocked countries, will be able to use the port of. . .
Timber industry in South Africa plans for a positive future
Posted on :Monday , 11th February 2019
Government experts are mulling over all possible options to ensure revival and strengthening of the sector. The years to come will see increased efficiency and productivity.
The medium-term outlook for the timber industry is under pressure while the short-term outlook for South Africa’s timber industry looks promising, with positive supply and demand figures. As the total ar. . .
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