Connect with us

Business News

Gabon recovers 200 containers of rare hardwood, 153 still missing1 minute read

71 of the missing containers were found on the port premises of Cameroon-registered transport company, SOTRASGAB

News Central

Published

on

Gabon Hardwood - Authorities search for Chinese nationals
(FILES) In this file photo taken on December 6, 2010 in Libreville, Francois Wu (C) - also known as Wu Jufeng - former chief executive of Leroy Gabon and Pogab, a Gabonese branch of European laminated wood maker Plysorol, is escorted by Gabonese gendarmes as he leaves after negociations with employees of Leroy Gabon and Pogab factory protesting against representatives of Chinese group Guahuo Zhang who claim to be majority stakeholder. - Chinese businessman Francois Wu is "being actively sought" announced the Gabonese prosecutor Olivier N'Zahou on May 13, 2019, in the case of the alleged theft of hundreds of seized containers of kevazingo, a rare wood in which trading is illegal. Customs officers had discovered the collection of rare hardwood worth millions of dollars in February and March 2019, at two Chinese-owned depots at the Owendo timber port on the Libreville peninsula. (Photo by WILS YANICK MANIENGUI / AFP)

 200 containers of protected hardwood have been recovered by Gabon out of a larger haul confiscated by authorities earlier in the year and then, went missing.

The announcement, followed a promise from Gabon’s president to punish those responsible for the theft in April of 353 containers of illegally felled Kevazingo wood – worth almost $250 million – from a cache of 392 containers seized at the port of Owendo in late February and early March.

Gabon’s prosecutor – general, Olivier N’zahou says 71 of the missing containers were found on the port premises of Cameroon-registered transport company, SOTRASGAB and 129 were found on the property of company, Owendo Container Terminal (OCT). 

Two Chinese nationals are being held in relation to the case, which N’zahou says also involved Gabonese authorities. 

“The people detained, and those who are set to be, will be presented before the state prosecutor once the investigation is completed”, N’zahou says, adding that 153 containers still remain unaccounted for. 

SOTRASGAB and OCT did not immediately respond to requests for comment. 

There is high demand in Asia for wood from the rare Kevazingo tree, which can take 500 years to grow to its full height of 40 meters (130 feet). While forestry is a major industry for Gabon, the Kevazingo is protected by law.

Copyright News Central

All rights reserved. This post and other digital content on this website may not be reproduced, published, broadcasted, rewritten or redistributed in whole or in part without prior express written permission from News Central.

Tell your story the right way

Have you witnessed a news worthy event? Want to become our citizen journalist and tell your own stories?

Send your stories to us or contact us via:
Email: Click to email us
Social media: Twitter and Facebook @NewsCentralTV
WhatsApp: Text or call +234 901 190 0000 .

New stories delivered to your phone

Click here to have news stories delivered to your phone or mail. You can also share your stories with us. Join our mailing list here.

Continue Reading
Click to comment

Leave a Reply

Business News

Heavy rains threaten Uganda’s coffee crop quality

Published

on

Uganda’s coffee crop quality could see a decline in the coming months as heavy rains across the country have reduced the amount of sunshine necessary for bean drying.

Uganda is Africa’s largest exporter of coffee followed by Ethiopia and grows mostly robusta variety.

The country has been pounded by unusually heavy rains that started in August resulting in deaths, displacement and extensive damage to roads and other infrastructure.

Western Uganda, including the foothills of the Rwenzori mountains , some of the biggest coffee growing areas, has received some of the most intense rains.

Uganda Coffee Development Authority (UCDA), the state-run regulator, forecasts Uganda’s bean exports will climb 16 percent to 5.1 million 60-kg (132-pound) bags in the current crop year ending September.

The country’s coffee output has surged in recent years, the fruition of a government programme that has been distributing free seedlings to farmers to expand acreage and replace aging trees.

Authorities say their target is to help boost annual production to 20 million bags by 2025.

The beans have traditionally been Uganda’s biggest commodity export but were recently overtaken by gold which now annually earns the country over $1 billion.

Copyright News Central

All rights reserved. This post and other digital content on this website may not be reproduced, published, broadcasted, rewritten or redistributed in whole or in part without prior express written permission from News Central.

Tell your story the right way

Have you witnessed a news worthy event? Want to become our citizen journalist and tell your own stories?

Send your stories to us or contact us via:
Email: Click to email us
Social media: Twitter and Facebook @NewsCentralTV
WhatsApp: Text or call +234 901 190 0000 .

New stories delivered to your phone

Click here to have news stories delivered to your phone or mail. You can also share your stories with us. Join our mailing list here.

Continue Reading

Business News

Business rescue team rule out mid-June return for SAA flights

Published

on

South African Airways business rescue practitioners have rejected an “unvetted” statement released by the state-owned airline indicating plans to resume domestic flights from mid-June.

The national carrier had on Tuesday, announced that its planes will be back in the skies between Johannesburg and Cape Town.

But Les Matuson and Siviwe Dongwana, the business rescue administrators, say the airline had breached communications protocol by issuing a statement which “created an unfair expectation on our relevant stakeholders, including SAA’s customers, as well as employees who are on unpaid absence as a result of the travel ban which led to the halting of the company’s operations, compounding its financial distress.”

SAA’s media statement had gone out without the approval of the practitioners as demanded by the business rescue procedure.

With the government of South Africa announcing that the country will enter into lockdown alert level 3 from June 1, domestic air travel will be permitted but only for business purposes.

The business rescue practitioners said SAA planes will remain grounded until a better understanding of what the level 3 regulations entail.

Copyright News Central

All rights reserved. This post and other digital content on this website may not be reproduced, published, broadcasted, rewritten or redistributed in whole or in part without prior express written permission from News Central.

Tell your story the right way

Have you witnessed a news worthy event? Want to become our citizen journalist and tell your own stories?

Send your stories to us or contact us via:
Email: Click to email us
Social media: Twitter and Facebook @NewsCentralTV
WhatsApp: Text or call +234 901 190 0000 .

New stories delivered to your phone

Click here to have news stories delivered to your phone or mail. You can also share your stories with us. Join our mailing list here.

Continue Reading

Business News

Tanzania, France sign water supply loan agreement

Published

on

Tanzania has signed a loan agreement with France to finance water supply projects that will benefit about 770,000 people in the country’s Morogoro municipality.

The French government will extend the loan worth about $76 million to Tanzania through its French Development Agency (AFD), according to Dotto James, the Permanent Secretary in the Ministry of Finance and Planning who signed the agreement on behalf of Tanzania.

“Upon completion, the water supply in the Morogoro municipality will increase from the current 37,000 cubic meters a day to 108,000 cubic meters a day,” James told a press conference following a signing ceremony in Morogoro.

AFD Country Representative for Tanzania, Stephanie Mouen says the project will improve the well-being of the people in the municipality and it will also improve the environment.

Copyright News Central

All rights reserved. This post and other digital content on this website may not be reproduced, published, broadcasted, rewritten or redistributed in whole or in part without prior express written permission from News Central.

Tell your story the right way

Have you witnessed a news worthy event? Want to become our citizen journalist and tell your own stories?

Send your stories to us or contact us via:
Email: Click to email us
Social media: Twitter and Facebook @NewsCentralTV
WhatsApp: Text or call +234 901 190 0000 .

New stories delivered to your phone

Click here to have news stories delivered to your phone or mail. You can also share your stories with us. Join our mailing list here.

Continue Reading

Trending