Chad: Afreximbank grants 127 million dollars for commercial infrastructure

The African Import-Export Bank (Afreximbank) announced the granting of this facility to the Chadian government on Monday, August 10. The financing will be denominated in local currency, for an amount equivalent to 110 million euros.

According to the bank, this is the largest financing ever granted by Afreximbank to Chad. The detailed terms of the facility, including its duration and financial conditions, have not been disclosed in the available information.

The resources are to fund commercial infrastructures. Their goal is to facilitate the movement of goods, improve trade, and support the diversification of the Chadian economy, which is still heavily exposed to fluctuations in oil revenues.

This operation comes as Chad seeks to develop other growth engines and strengthen its logistical capacities. Improving trade-related infrastructure is seen as a lever to reduce transportation costs and encourage the country’s integration into regional trade.

Afreximbank’s statement does not specify the list of projects concerned or the timeline for disbursement of the funds.