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
The Alliance of Sahel States plans to create a joint purchasing agency covering Mali, Burkina Faso, and Niger. The initiative aims to regulate cereal...
Flutterwave acquired Nigerian open banking startup Mono in an all-share deal valued between $25 million and $40 million. The acquisition...
African billionaires increased their combined net worth by $21.9 billion in 2025. Nigerian businessman Abdul Samad Rabiu posted the largest...
Kenya Pipeline Company will list on the Nairobi Securities Exchange by the end of January 2026. The IPO targets local and foreign investors as part of...
Most Read
01

The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...

AES Launches Confederal Investment Bank: A Strategic Pivot Toward Sahelian Financial Sovereignty
02

Togo passes new law tightening anti-money laundering and terrorism financing rules Legislat...

Togo Overhauls Anti-Money Laundering Rules to Meet Global Standards
03

Nigeria confirms tax reform takes effect Jan. 1, 2026 despite opposition PDP alleges illegal inse...

Nigeria’s Tax Overhaul Set to Take Effect Amid Fury Over ‘Illegal’ Changes
04

Gabon names Thierry Minko economy and finance minister in Jan. 1 reshuffle Move follows tra...

Gabon Appoints Thierry Minko Economy Minister in Post-Transition Reshuffle
05

Creditinfo licensed to operate credit bureau across six CEMAC countries Bureau to collect b...

CEMAC Bloc Clears Way for Private Credit Bureau: New Implications for Regional Lending
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.