africa Agriculture Angola commodities export forestry Natural Resources Wood

Angola’s timber exports yield US$9M

At least USD 9 million was deposited in Angolan commercial banks from September to December this year as result of activity performed by the national exporters of sawn timber, according to Ministry of Agriculture and Forestry.

The source attributed the results to the implementation of the measure on the mandatory confirmation of the entry of foreign exchange prior to the start of the process of timber export from the country.

The USD 9 million is the result of the export of 22,341 cubic meters of sawn timber, according to minister of Agriculture and Forestry, Marcos Nhunga, who was addressing on Thursday the end-of-year greetings ceremony.

In the past, the revenues from the marketing of wood abroad used to benefit other countries to the detriment of Angola.

As for the management of forest resources, a new forest regulation was approved which include the construction of six warehouses of forest products in the provinces of Bengo (north), Benguela (south), Cabinda (north), Cuando Cubango (south-east), Luanda and Moxico (east).

In 2018, 54, 891 cubic meters of natural forest log wood and 34,000 cubic meters of log wood were produced in forest plantations.

Source: Angop

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