Business
Angola to produce 600,000 cubic metres of timber annually
Angola’s forestry potential is estimated at 70 million hectares, which allows it to produce 600,000 cubic metres of timber annually.
Angola’s Minister of State for Economic Coordination, Manuel Nunes Junior, said this at a forum late Thursday.
If the available forestry resources are exploited in a rational and sustainable way, the country can have a commercial reserve of about 606 million cubic meters of timber, the minister said at the forum focusing on the national forest.
Nunes Junior also underscored the potential of Angola’s flora and fauna as an important asset, which can contribute to the increase and diversification of the national production and exports.
The sustainable exploitation of the available resources will increase the sector’s competitiveness, attract more national and foreign investors.
It will thus increase the levels of employability in the country, he added.
-
Latest4 days agoMakinde declares 2027 presidential bid under PDP–APM alliance
-
Business3 days agoNigeria: Whither the fruits of 2026 crude oil windfall?
-
Comments and Issues4 days agoPolitical Parties Primaries: Consensus or Coronation?
-
Business3 days agoTrump-Xi summit sparks fresh questions for Nigeria’s economy, tech sector
-
Featured4 days agoObasanjo faults Tinubu’s economic reforms, calls them necessary but poorly designed
-
Business5 days agoAnger, debate trail proposed $1.25bn loan amid concerns over Nigeria’s debt surge
-
Comments and Issues4 days agoDoes it matter to Africa if Nigel Farage comes to Number 10?
-
Latest4 days agoWike says Makinde’s presidential ambition dead on arrival