Sunday, August 23, 2026
Newswatch
  • News
    • Front-page
    • Tech
    • Politics
    • Society
    • Sports
    • Environment
    • Economy
    • Religion
  • Abouts
    • About Us
    • Our Team
    • Privacy Policy
  • Contact Us
No Result
View All Result
Sign Up
  • News
    • Front-page
    • Tech
    • Politics
    • Society
    • Sports
    • Environment
    • Economy
    • Religion
  • Abouts
    • About Us
    • Our Team
    • Privacy Policy
  • Contact Us
No Result
View All Result
Newswatch Cameroon
No Result
View All Result
Home Economy

Timber logs export ban in CEMAC could up revenue by 25% – expert

Ndi Eugene Ndi by Ndi Eugene Ndi
October 2, 2025
in Economy
0
Timber logs export ban in CEMAC could up revenue by 25% – expert

A truck transporting timber logs in Ngoyla, in the East Region of Cameroon

0
SHARES
124
VIEWS
Share on FacebookShare on Twitter

Local processing of tropical timber logs by countries of the six-member Economic and Monetary Community of Central African States (CEMAC), could create over 60,000 jobs, raise fiscal revenues by over 25%, and attract about FCFA 1,967,871,000,000 (€3 billion) in investments, an expert has said.

Grégory Lionel Beyina, Director of Industrial Development, Mines, and Tourism at the CEMAC Commission made the disclosure while updating stakeholders on level of implementation of the ban on export of tropical timber logs from the Congo Basin.

Beyina was during a webinar on September 24, hosted by Pan African Network for the Conservation of Natural Resources (PANCANR).

Adopted by the CEMAC Council of Ministers in Feb 2024, member states: Cameroon, Congo, Gabon, Equatorial Guinea, Chad and the Central African Republic have been progressively implementing the ban on export of unprocessed tropical timber logs, with absolute ban expected from January 1, 2028.

Explaining why implementation of the ban is progressive, Beyina said it is to avoid a sharp drop in tax revenues, citing the case of Gabon that lost 80% of fiscal revenue – FCFA 75 billion in 2010 when it banned log exports abruptly.

The gradual implementation, he said will also give time for industries to restructure, train workers, and build transformation plants.

The CEMAC Commission official noted however that log trade between CEMAC countries and the Democratic Republic of Congo (DRC) is still allowed “to stimulate regional industrial chains”. With the exception of Chad, other CEMAC member countries together with DRC form the Congo Basin.

The Congo Basin is the second largest forest in the world after the Amazon, covering 30% of Africa’s forest area. It accounts for 20% of global tropical log exports but only a small fraction of processed wood products.

Beyina said the CEMAC Commission has put in place a strategy for sustainable industrialization of the wood sector. Approved in 2018 with support from the African Development Bank (AfDB), the strategy dubbed Vision 2030, seeks to add more value locally by processing wood within the region instead of exporting raw logs.

Besides job creation and revenue generation, the strategy Beyina said, also seeks to increase forest concessions to 75 million hectares, double harvesting to 15 million m³/year and ensure 100% primary transformation (sawmilling) and 50% secondary/tertiary processing.

The webinar was part of a series by PANCANR in its drive to promote the sustainable utilization of Africa’s natural resources for enhanced economic and social development.

“Trade in timber is very crucial for the economies of the CEMAC region and banning the exportation of unprocessed logs is a bold step,” said Dampha Almami PANCANR’s Executive Secretary. He said the ban will ensure citizens of concerned countries benefit more from their natural resources.

In April 2024, Cameroon banned the export of raw logs from 76 specific timber species and in June of same year, parliament approved a new forest and wildlife law that aims to achieve the sustainable use and management of the country’s forest resources.

Tags: CEMACGrégory Lionel BeyinaPANCANR

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe

Related Posts

Access Bank Cameroon launches Access Invest to boost CEMAC government securities market
Economy

Access Bank Cameroon launches Access Invest to boost CEMAC government securities market

August 12, 2026
Access Bank Cameroon records FCFA 146 billion deposit in two years
Economy

Euromoney Awards 2026: Access Bank Cameroon named Best Digital Bank

July 29, 2026
Cameroon Starlink licensing stalls over security, sovereignty concerns
Economy

Cameroon Starlink licensing stalls over security, sovereignty concerns

July 29, 2026
Mining reforms set to yield FCFA 1,000bn annually, govt says
Economy

Mining reforms set to yield FCFA 1,000bn annually, govt says

July 20, 2026
Tony Elumelu to step down as UBA Group Chairman after 12-year tenure
Economy

Tony Elumelu to step down as UBA Group Chairman after 12-year tenure

July 7, 2026
Denky launches Made-in-Cameroon food processing plant, creates 150 jobs
Economy

Denky launches Made-in-Cameroon food processing plant, creates 150 jobs

June 29, 2026
PFL Africa fighters Kubanza, Ndebele announce arrival on global MMA stage

PFL Africa fighters Kubanza, Ndebele announce arrival on global MMA stage

July 27, 2026
Douala Port launches ambitious expansion to triple Bonaberi Container Terminal capacity  

Douala Port launches ambitious expansion to triple Bonaberi Container Terminal capacity  

July 15, 2025
Nkambe University Institute offers scholarships to top students

Nkambe University Institute offers scholarships to top students

August 17, 2026
Cameroon’s President Biya elevates PFL’s Francis Ngannou to knighthood

Cameroon’s President Biya elevates PFL’s Francis Ngannou to knighthood

November 26, 2024
Douala Port GM lays foundation stone for futuristic Container Terminal headquarters

Douala Port GM lays foundation stone for futuristic Container Terminal headquarters

May 3, 2025
Gov’t warns against foreign interference in Oct 12 presidential election

Gov’t warns against foreign interference in Oct 12 presidential election

August 4, 2025
Valentine Nguele: The Woman behind Cameroon’s maiden WAFCON glory

Valentine Nguele: The Woman behind Cameroon’s maiden WAFCON glory

August 17, 2026

Protecting Cameroon’s Last Kordofan Giraffes

June 21, 2025

‘All set’: Cameroon expresses readiness for historic Papal visit

April 9, 2026

Samuel Eto’o makes revelations on failed Set Mobile telecoms venture

March 5, 2026

Senate president remains ‘missing’ as parliament opens next week

February 29, 2024

Cameroon lawyers strike over police harassment

March 7, 2025

PFL Africa GM extols Francis Ngannou’s leadership in promoting sports on continent

December 11, 2025

US-based Barrister Nsahlai wants Nkambe Youth Day bombers prosecuted

February 17, 2024

Religion, Rockets and Troops : The Trump Administration’s Push Against Jihadists in Nigeria

March 5, 2026

Crossed Paths: A cinematic masterpiece winning over global audiences

May 1, 2026
NewsWatch Cameroon

Trustworthy, timely and tenacious: that's our newspaper. For 10 years, we have delivered quality journalism that informs, inspires and challenges our readers. Join us as we continue to make a difference in the world of news.

#NewsWatch@10

  • News
    • Front-page
    • Tech
    • Politics
    • Society
    • Sports
    • Environment
    • Economy
    • Religion
  • Abouts
    • About Us
    • Our Team
    • Privacy Policy
  • Contact Us

Sign Up for our News letters

NewsWatch Cameroon Anniversery

© 2024 Newswatch Cameroon All Right Reserved.
Designed by JDC

No Result
View All Result
  • News
    • Front-page
    • Tech
    • Politics
    • Society
    • Sports
    • Environment
    • Economy
    • Religion
  • Abouts
    • About Us
    • Our Team
    • Privacy Policy
  • Contact Us

© 2024 Newswatch Cameroon All Right Reserved.
Designed by JDC