logoBC
Yaoundé - 05 October 2022 -
Economy

Cameroon: Timber production dropped 20% in 2018-2020 due to the Anglophone crisis

Cameroon: Timber production dropped 20% in 2018-2020 due to the Anglophone crisis
  • Comments   -   Wednesday, 02 February 2022 11:25

(Business in Cameroon) - Cameroon's timber production dropped by 20% between 2018 and 2020, according to an economic note recently published by the French Ministry of Economy. "In Cameroon, production has been declining since 2018. It amounts to 2.4 million metric cubes in 2021 against 3 million in 2018," reads the document.

This decline is due to the security crisis in the Anglophone regions (South-West and North-West), the note explains. Indeed, confronted with threats to their employees, abductions and ransom demands, vandalism, and racketeering, many companies - forest operators included- had to relocate their operations in those two regions or simply close doors. 

To boost timber production, the Cameroonian government recently decided to support logging companies operating in the Anglophone regions by dedicating nearly 300,000 hectares of forest concessions (in the East and the Centre) to them. 

S.A.

cameroon-exports-improved-by-5-4-yoy-in-q1-2022
The total export volume from Cameroon to the international market grew by 5.4% year-on-year between January and March 2022. The national stats agency...
imported-food-inflation-hovered-around-20-in-yaounde-in-august-2022
Inflation reached 7.4% in Yaoundé, Cameroon’s capital, in August this year, a recent INS report revealed. This rate was driven mainly by imported food...
cameroon-edf-counts-on-the-world-bank-to-finance-the-kikot-dam
Électricité de France (EDF), the company piloting the Kikot dam project on the Sanaga River, is counting on the World Bank to raise the financial...
cameroon-banking-and-communication-activities-supported-service-sector-improvement-in-q1-2022
The service sector in Cameroon performed well during the first three months of 2022, according to the National Institute of Statistics (INS). The...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »