Angola: State collects €16.5 mln in three months through timber exports

Angola collected €16.5 million through timber exports in three months under Luanda’s new entity that coordinates and supervises the exploration, transport and trade of timber, the ministry of state for economic and social development revealed on Tuesday.

Minister Manuel Nunes Júnior said that before this entity was in place the country collected practically “nothing” from this activity.

However in three months, the country saw “important” financial results together with better economic results, which he said was down to improved organisation in production and trade as well as its effect on employment.

According to the minister, units related to Angola’s Institute for Forestry Development are to take care of the organisation, production and trade of wood.

He also said the wood sector was important for the diversification of the Angolan economy.