Yaoundé - 21 June 2021 -

The wood sector requests support to tackle the twin shocks of falling demand and Covid-19

The wood sector requests support to tackle the twin shocks of falling demand and Covid-19
  • Comments   -   Friday, 29 May 2020 16:18

(Business in Cameroon) - In Cameroon, the wood sector has not been spared by the coronavirus. According to Giorgio Giorgetti, the president of the Cameroonian loggers’ association GFBC, the operators expressed their concerns to the Minister of Forestry and Wildlife, Jules Doret Ndongo during an audience held on May 28, 2020. 

Mr. Giogetti said, dismissals, reduction of working hours, cancellation of orders, and drop in production.... are the main problems undermining the forestry sector in Cameroon in these times of Covid-19, the government daily Cameroon Tribune reports.

The operators explained that the pandemic has further damaged the Cameroonian timber industry, already struggling to alleviate the impacts of falling demands from China, which is one of the main buyers of Cameroonian products.

Because of these twin shocks, operators are asking the government to issue support measures for the sector. The pressing one is the postponement of the payment of the annual forest royalty for the 2nd and 3rd quarters of 2020, they say.

This royalty, which generated about XAF9 billion for the country in 2018, is paid quarterly by loggers for the exploitation of Forest Management Units (FMUs) made available by the State.


As of December 31, 2020, the National Social Insurance Fund CNPS had XAF325 billion of cash in its treasury. This was revealed by Alain Olivier Noël...
British oil firm Victoria Oil & Gas (VOG), the parent company of Gaz du Cameroun (GDC), announces that it recently raised $7.5 million...
On June 11, 2021, Minister of Public Services (MINFOPRA) Joseph Lé (photo), signed 28 decisions launching the recruitment of new staff into the civil...
In Cameroon, the Telecommunications Regulatory Board (ART) informs that it is currently elaborating a new regulatory model to become a robust, innovative,...

Mags frontpage

Business in Cameroon n100: May 2021

These Cameroonian startups raise billions

Agro-industry and land rights

Investir au Cameroun n110: Mai 2021

Ces start-ups camerounaises qui lèvent des milliards

Agro-industrie et droits fonciers