Business A.M
No Result
View All Result
Wednesday, February 18, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Commodities

AfDB harps on good forestry governance for improved intra-trade of timber products

by Admin
March 23, 2018
in Commodities

The African Natural Resources Centre of the African Development Bank has harped on the importance of good forestry governance to boosting intra-African trade of wood products in its new report.

The report marking the International Day of Forests said export and import markets within Africa present opportunity for intra-African trade, with substantial benefits for the populations of all involved.

Dubbed Assessing Forest Law Enforcement, Governance and Trade in Africa, it said forestry contributes to economic development, livelihoods and environmental sustainability of timber-exporting countries, especially in Central Africa, West and North Africa.

Vast chunk of these exports, the report said, were basic products with little value addition.

“In 2013, African countries exported timber products worth about $4.5 billion. Of these, three-quarters were primary products logs, sawnwood and veneer. The same year, timber imports to African markets amounted to $6.5 billion, of which 8 percent ($526 million), were intra-regional. Sawnwood was the most important timber import with 31 percent of the total $2 billion,” it said.

It emphasised the need for political, institutional and cultural frameworks, through which interests in forest resources are coordinated and controlled, to facilitate the desired value addition to wood products.

In addition, it proposed a regional programme for the promotion of legality in African timber trade that would harness the forestry sector through trade in legal timber products between African sub-regional markets.

Modibo Traore, forestry expert and Officer-in-Charge of the African Natural Resources Centre, in a call for action said: “It is imperative that we give forestry the attention that it deserves, and that the planting of trees becomes a routine activity across the continent”.

Admin
Admin
Previous Post

Malawi becomes Africa Finance Corporation’s 18th member state

Next Post

Nigeria records highest growth as Africa’s tech hubs expand 40% in 2yrs

Next Post

Nigeria records highest growth as Africa’s tech hubs expand 40% in 2yrs

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026
NGX taps tech advancements to drive N4.63tr capital growth in H1

Insurance-fuelled rally pushes NGX to record high

August 8, 2025

Reps summon Ameachi, others over railway contracts, $500m China loan

July 29, 2025

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Unilever, Google Cloud partnership raises stakes in consumer goods digital transformation race

Unilever, Google Cloud partnership raises stakes in consumer goods digital transformation race

February 18, 2026
BUA Group leads Gulf–West Africa drive for integrated food and logistics corridor

BUA Group leads Gulf–West Africa drive for integrated food and logistics corridor

February 18, 2026
FairMoney expands SME credit access to boost financial capacity

FairMoney expands SME credit access to boost financial capacity

February 18, 2026
Logistics coordination is a structural efficiency reform, not luxury —Scott Dubin, Logistics Marketplace

Logistics coordination is a structural efficiency reform, not luxury —Scott Dubin, Logistics Marketplace

February 18, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
  • Reps summon Ameachi, others over railway contracts, $500m China loan

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Unilever, Google Cloud partnership raises stakes in consumer goods digital transformation race

Unilever, Google Cloud partnership raises stakes in consumer goods digital transformation race

February 18, 2026
BUA Group leads Gulf–West Africa drive for integrated food and logistics corridor

BUA Group leads Gulf–West Africa drive for integrated food and logistics corridor

February 18, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M