Yaoundé - 07 April 2020 -

Cameroon launches Profeaac to boost domestic timber trade

Cameroon launches Profeaac to boost domestic timber trade
  • Comments   -   Wednesday, 26 February 2020 16:20

(Business in Cameroon) - On Feb 25, Cameroon officially launched  Profeaac, a project for the Promotion and Formalization of Artisanal Timber Exploitation in Central Africa. Endowed with a budget of XAF3 billion, this project will be implemented over a period of 4 years, in the Central and Eastern regions of the country.

Funded by partners such as the French Development Agency (AFD), the Centre for International Forestry Research (CIFOR) and German cooperation agency, Profeaac is aimed at boosting the domestic timber trade.

According to project coordinator Guillaume Lescuyer, "Profeaac will strive to supply the domestic market with locally produced and processed wood.

We will not only raise awareness about the sources of supply in the communes of Mindourou in the East and Dzeng in the Centre. We will also educate on the consumer markets in big cities,” he adds.


In the coming days, banks will play an important role in the collection of financial contributions for the solidarity fund the Cameroonian government...
In Cameroon, the government promised to repurchase Total Outre-Mer S.A.’s shares in Sonara, according to a report published in September 2019, by the...
The Inter-Patronal Grouping of Cameroon (Gicam), recently published "Tableau de bord de l'économie," its profiling of the local economy, for the third...
In Cameroon, actors of the textile sectors have started manufacturing face masks with loincloths due to the scarcity that caused the price of masks to...

Mags frontpage

Business in Cameroon n85: March 2020

Minim Martap«It might be the best bauxite ever at the moment»

The necessary reform of Cameroonian public firms

Investir au Cameroun n95 Mars 2020

Minim Martap« Peut-être la meilleure bauxite au monde à ce jour »

La nécessaire réforme des entreprises publiques camerounaises