Transit : Time for good business deals

• Posted on 2018-05-15

Cameroon to play a central role with the signing of the latest agreements on the free movement of people and goods in the CEMAC zone.

Five years ago, CEMAC commission experts estimated that trade between and among the six countries of the Economic and Monetary Community of Central Africa (CEMAC) stood at around 1%. This is a very small volume for intra-Community trade due to the defensive identity politics of some member countries. With the conclusion of the latest agreements on free... Read more

Exports: Bright spell for Cameroon timber

• Posted on 2018-04-04

Cameroonian exports of mahogany to Canada have more than tripled by the end of October 2017. This is revealed in a sectoral report of the International Tropical Timber Organization (ITTO).

The increase of exports of this variety of wood which is very popular in Africa is consecutive to the increase in shipments from many producing countries, those of Cameroon and Brazil mainly, the same source stresses.

In the United States, it is the imports of Sapelli, another... Read more

Intra-African trade:Continental Free Trade Area established

• Posted on 2018-04-04

Forty-four African countries, including Cameroon, signed the agreement establishing a Continental Free Trade Area in Africa (CFTA) on 21 March 2018 in Kigali, Rwanda. This area is considered vital to Africa's economic development as it will foster increased intra-African trade. This Framework Agreement dates back to the 18th session of the African Union (AU) that held in January 2012 in Addis Ababa, Ethiopia. The CFTA is one of the key projects highlighted by the AU in its Agenda 2063. It... Read more

Oku Honey: High demand

• Posted on 2018-03-20

According to internationally consolidated statistics, in 2015, Cameroon produced 3341 tonnes of honey and exported 900. Such production is largely exported to Nigeria and Europe where demand is growing. The high demand for Oku honey shows high prospects for the beekeeping sector. This will provide jobs to private investors who can produce, collect or package this non-timber forest product.

Since the African Intellectual Property Organisation patented the Oku honey in 2013, its price... Read more