logoBC
Yaoundé - 20 April 2024 -
Environment

Logging: Cameroon to issue new forest concession licenses in Nkam and Donga-Mantug

Logging: Cameroon to issue new forest concession licenses in Nkam and Donga-Mantug
  • Comments   -   Wednesday, 25 August 2021 12:57

(Business in Cameroon) - Cameroon is currently preparing to issue new forest concession licenses in the Littoral and the North-West. In that regard, Minister of Forestry and Wildlife Jules Doret Ndongo recently signed a call for expression of interest inviting forestry companies operating in the country to submit their offers by September 18, 2021.

According to the call, a total of 57,190 hectares of forest will be conceded, 45,794 hectares in the North-west (Donga-Mantug) and 11,396 hectares in the Litoral (Nkam). Through that initiative, authorities aim to boost logging operations in the country, open up the regions where those forest concessions are located, and help develop them.

Let’s note that according to Cameroonian laws, forest operators have to pay forest taxes, part of which are sent to communal authorities for development projects. Nevertheless, there are questions about the management of those financial resources sent to communes because most of the communes with booming forest activities are still so poor despite the forest taxes that sometimes amount to billions.

Brice R. Mbodiam  

api-signs-key-agreements-to-boost-investor-access-to-economic-zones
The Investment Promotion Agency (API) reached two Memorandums of Understanding with the Port Authority of Kribi (PAK) and the Mission for the Development...
cameroun-repays-cfa39-8bn-debt-with-new-borrowings
On April 17, Cameroon reimbursed CFA39.8 billion on the public securities market of the Central African States Bank (BEAC). Renowned for its solvency...
cemac-raises-cfa4-336tn-in-2023-public-securities-cfa2-5tn-less-than-waemu
In 2023, the six Cemac countries collectively raised CFA4,336.3 billion on the public securities market of the Central African States Bank (Beac),...
cameroon-minister-urges-african-restaurants-to-unite-on-geographic-indications
Fuh Calistus Gentry, the interim Minister of Mines, Industry, and Technological Development, and Country Director of the African Intellectual Property...

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 »