Public Management

Cameroon Moves to Protect Cocoa Exports with New Traceability Initiative

Cameroon Moves to Protect Cocoa Exports with New Traceability Initiative
Friday, 30 August 2024 15:02

Cocoa is one of Cameroon’s main agricultural exports to Europe. With the European Union’s new deforestation law approaching, those involved in the cocoa sector are taking steps to adapt.

Cameroon’s Ministry of Commerce announced the signing on August 28 of an agreement to share geolocation data for cocoa and coffee farms. The deal was signed by the Cameroon Cocoa and Coffee Interprofessional Council (CICC) and involves six key players in the cocoa industry, including the Cocoa and Coffee Subsector Development Fund (FODECC) and traders like Telcar Cocoa, Ofi Cam, Neo Industry, Atlantic Cocoa Corporation, and Sic-Cacaos.

As part of this partnership, these companies have agreed to voluntarily share their geolocation data. This data will be used to create a "Shared Platform," which will serve as a centralized database providing a "precise and dynamic map of the sector."

The Ministry of Commerce stated that this initiative is aimed at helping Cameroon’s cocoa production meet the requirements of the EU’s new deforestation regulation (EUDR).

The EUDR, set to take effect between late December 2024 and early 2025, will ban the import of products linked to deforestation, such as cocoa, coffee, and palm oil, into EU countries.

“The Shared Platform will be managed by the CICC. The goal is to maintain European market access for small local exporters. Better traceability is expected to boost buyers’ confidence and could potentially lead to higher prices,” the statement read.

Let’s note that, about 78% of Cameroon’s cocoa exports go to Europe. Data from the National Cocoa and Coffee Board (ONCC) shows that the Central African country exported 185,613 tons of beans in the 2023-24 season.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Ivory Coast–based NSIA Group created its own reinsurance company, Manzi Re, after receiving regulatory approval from the CRCA. NSIA appointed former...
Governments plan to raise CFA3,908.5 billion on the BEAC public securities market The total is down from CFA5,272.8 billion mobilized between...
Somalia is shifting from crisis management to policy-led reconstruction under IMF-backed reforms. Fiscal discipline and institutional rebuilding...
DR Congo launches FOREC, activating long-dormant economic regulation fund Fund to monitor markets, stabilise prices, protect household purchasing...
Most Read
01

Africa’s AI adoption is accelerating, but its ability to scale depends primarily on foundational i...

Africa’s Artificial Intelligence Moment : Infrastructure, Governance and the Path to Scale
02

African billionaires increased their combined net worth by $21.9 billion in 2025. Nigerian b...

Africa’s Billionaires Post Strong Gains as Global Wealth Hits Record
03

Development Partners International sold its 20.17% stake in Atlantic Business International for mo...

DPI Exits Atlantic Business International in $200 Million-Plus Deal
04

Flutterwave acquired Nigerian open banking startup Mono in an all-share deal valued between $...

Flutterwave Adds Open Banking With Mono Acquisition
05

Africa’s energy & mining exports benefit from US tariff exemptions, cushioning trade as most other...

Africa’s Energy Boom in 2026 Puts AfCFTA at the Heart of Its Trade Response to US Tariffs
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.