logoBC
Yaoundé - 19 April 2024 -
Economy

Bad weather to weigh on wood production in Cameroon

Bad weather to weigh on wood production in Cameroon
  • Comments   -   Friday, 29 July 2022 11:35

(Business in Cameroon) - The Bank of Central African States, in its CEMAC business cycle bulletin, forecasts logging activities to decline during the third quarter of this year in Cameroon.

Beac blames the poor performance between July and September on bad weather conditions. Indeed, the rainy season is expected to start on August 15, causing deterioration of roads and therefore impeding access to production basins.

The consequence is a drop in revenues for logging companies, as well as a reduction in tax revenues for the government. Logging is one of the main sources of export revenues in Cameroon.

BRM

cameroon-investment-forum-2024-focuses-on-import-substitution-policies-and-private-sector-concerns
The fourth edition of the Cameroon Investment Forum (CIF), organized by the Investment Promotion Agency (API), kicked off on April 17 in Douala, the...
market-cap-bvmac-still-below-targets-despite-near-37-surge-in-2023
The most recent Monetary Policy Report from the Central Bank of Central African States (BEAC), released in March 2024, indicates a substantial surge in...
yaounde-municipality-cracks-down-on-unauthorized-ads-demands-fees
The Urban Community of Yaoundé (CUY) has been demanding nearly CFA4 billion since 2020 from businesses, including SMEs and multinationals, for the use of...
nigerian-travel-platform-wakanow-com-expands-operations-to-cameroon
Nigerian travel service Wakanow.com announced on Wednesday its launch in Cameroon. "Our entry into Cameroon is more than just business expansion; it...

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 »