Business A.M
No Result
View All Result
Sunday, March 29, 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

African countries vow to fight illegal timber trade to boost GDP

by Admin
September 20, 2017
in Commodities

African countries have pledged to tame illegal trade in timber and other forest products by ensuring that the sub-sector makes a meaningful contribution to the countries’ Gross Domestic Product (GDP), a conservationist said on Tuesday.

Emilio Mugo, Kenya’s Chief Conservator of Forest said representatives from Kenya, Uganda, Mozambique, Madagascar, Tanzania and Zanzibar (Tanzania) who met in Nairobi on Tuesday agreed to take stern action against those caught in the illegal trade of the products.

“Illegal trade in timber and forest products is not only degrading the rich forests assets of the region but also represents an enormous loss in economic values and livelihood opportunities to the countries,” Mugo said at the end of a two-day meeting.

He noted that the meeting marks a significant step forward in efforts to ensure timber trade in Eastern Africa is managed in a way that brings equitable benefits to all.

Mugo said that the meeting agreed to assist people with timber products to benefit from the products by ensuring that they reap maximum profit from the consumers.

The meeting followed the Zanzibar Declaration meeting that was signed in September 2015 during the XIV World Forestry Congress in South Africa.

Since signing the declaration, the countries have seen huge progress in addressing rampant illegal trade in the member countries.

They agreed to develop a mechanism to collaborate on the implementation of trade governed under the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES).

“We have jointly agreed to pursue the Global Environmental Facility funding opportunity to help improve our forest cover and also fight climate change effects,” Mugo added.

The members also agreed to deal with produce seized from illegal trade and raise fund to help improve the state of environment in the region.

The Kenya Forest Service is partnering with the Timber Manufacturers Association in establishing tree seedlings to help achieve and surpass her set goal of 10 percent tree cover.

The tree nurseries in the country currently produce 2.5 million indigenous seedlings and are set to increase to 4.5 million.
“This will immensely boost the rehabilitation program throughout the country,” TMA chairman Benson Gitau said.

He noted that trees will be planted especially in arid and semi arid regions to help reduce land degradation.

Admin
Admin
Previous Post

Union Bank seeks to raise N50bn as rights issue opens

Next Post

Hurricane Maria threatens Puerto Rico after $1bn Irma damage

Next Post

Hurricane Maria threatens Puerto Rico after $1bn Irma damage

  • 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

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

July 29, 2025

How UNESCO got it wrong in Africa

May 30, 2017

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017

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

Lasaco Assurance restructures investment, property arms with new leadership

Lasaco targets N18.47bn capital boost to deepen market position

March 29, 2026
Nigerian insurers face talent challenge as AI adoption accelerates

Global data centre premiums to reach $24bn by 2030, Swiss Re says

March 29, 2026
Loss adjusters positioned as key guardians of fairness in Nigeria’s insurance industry

Loss adjusters positioned as key guardians of fairness in Nigeria’s insurance industry

March 29, 2026
NCC, CBN introduce instant refunds for failed airtime and data

NCC launches telecoms risk platform to curb fraud linked to recycled numbers

March 29, 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
  • 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
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

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

    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

Lasaco Assurance restructures investment, property arms with new leadership

Lasaco targets N18.47bn capital boost to deepen market position

March 29, 2026
Nigerian insurers face talent challenge as AI adoption accelerates

Global data centre premiums to reach $24bn by 2030, Swiss Re says

March 29, 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