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.
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expan...
Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...
Coca-Cola unit trains 260+ SMEs in Namibia business skills Program targets women, youth, disabled...
Driven by above-average growth and rapidly expanding demographics, Francophone Africa is emerging as...
The EBRD considers a senior loan of up to $80 million for Scatec’s solar project in Egypt. The first phase includes a 500 MW solar plant...
Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of $27 million for 5G spectrum. Mauritel led the...
Industry stakeholders signed a 10-year strategic accord to pivot from traditional sugar to high-value industrial products. The plan leverages a...
President Samia Suluhu Hassan launched 758 new towers and a fiber optic network to improve rural connectivity. The $48 million project...
French lawmakers approve colonial-era restitution framework unanimously Law enables returns by decree, replacing case-by-case...
Nosy Iranja is one of the most iconic island destinations in northwestern Madagascar, lying in the Mozambique Channel about an hour and a half by boat...