Jacobus Oma looked sadly at the stockpile of several hundred ancient rosewoods he had just helped to load onto a Chinese-owned truck in northeastern Namibia. Some were centuries old, so large they dwarfed his small frame.
It was August 26, 2020. Dirlene Mejía, a park ranger who works in the area around Concepción Lake, a protected area located in eastern Bolivia, had just left for her usual route.
The Washington-based lender outlined its prognosis on sub-Saharan Africa in its Global Economic Prospects Report, saying output in the region is estimated to have declined 3.7% in 2020.
Two separate economic studies point to a grim current economic reality in South Africa.
A global pandemic was not on FT forecasters’ radar screen — or anyone else’s — one year ago.
Tree planting to restore forests, capture carbon and improve the land has gained strong momentum in recent years.
