Chinese logging company to invest 8.3 million euros in Congo

WOOD PILE

DRC forest.

by Staff Writers
Brazzaville, Drcongo (AFP) Aug 27, 2008
A Chinese logging company will invest 8.3 million euros (12.2 million dollars) in the the Democratic Republic of Congo by 2010, a government statement said Wednesday.

The Chinese company Yuan Dong (SEFYD) would operate in Souanke in the northern Sangha region, according to the statement. The investment was expected to create over 150 jobs.

Wood is DR Congo's second largest natural resource after oil.

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WOOD PILE

Brazil awaits verdict on controversial indigenous reserve

Rio De Janeiro (AFP) Aug 26, 2008
Indigenous groups in Brazil and their supporters demonstrated Tuesday ahead of a supreme court ruling on a vast native reserve in the north of the country that has been the focus of racial and political tensions.

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