Business Africa
The Gabonese government has imposed a definite ban on three highly priced wood species. The announcement comes a decade after the ban on logs in this Central African nation. The news has been welcomed by small operators.
They see the plan as an opportunity to protect segments of the processing sector and lower prices of raw materials. But industry players say the move could cost investors their cash.
And Egypt’s borrowing needs would likely reach 820.7 billion Egyptian pounds or $48 billion in the 2019/2020 fiscal year. This is an increase of 26 percent from 2018, a draft budget cited by Reuters show.
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Pics of the day: July 25, 2024
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Egypt: 19th book fair in Alexandria attracts summer visitors
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Belarus: Alexander Lukashenko marks 30 years in power
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Israeli delegation in Cairo for Gaza cease-fire talks
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Kenya to cut spending by nearly 2% in revised budget
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Dissolution of Kenyan cabinet: public response