CAIRO, August 10 – Chad has secured EUR 110 million in local-currency equivalent from Afreximbank to finance trade-enabling infrastructure projects under its 2026 Finance Law, in the bank’s largest-ever financing to the Chadian government.
The facility is intended to promote trade flows, strengthen economic resilience and support infrastructure projects linked to Chad’s long-term trade and economic transformation objectives.
The agreement was signed at Afreximbank’s headquarters in Cairo by George Elombi, president and chairman of the board of directors of Afreximbank, and Tahir Hamid Nguilin, Chad’s senior minister and minister of finance, budget, economy, planning and international cooperation.
The financing programme includes projects to establish special industrial zones for textile manufacturing and meat processing, improve transport links between Chad, Egypt and Libya, expand power generation and develop crude oil refining capacity.
It will also support transport and maritime economic opportunities around Lake Chad, according to Afreximbank.
Elombi said the facility formed part of a wider financing programme aimed at supporting Chad’s priority projects and contributing to changes in the structure of the economy.
Nguilin said the financing would help fund critical infrastructure and trade projects included in Chad’s national budget. He added that the government was seeking to transform the country’s natural resources and economic potential into trade opportunities while diversifying its financial partnerships.
The agreement builds on a memorandum of understanding signed by Chad and Afreximbank in June 2025. The framework covers cooperation in agropastoral development, export-oriented agriculture, gold trading, the navigability of Lake Chad, refined petroleum trading and refinery development.
Afreximbank said the latest financing strengthens its strategic partnership with Chad and supports initiatives focused on local value addition, industrialisation and economic transformation.
Chad has been pursuing economic reforms, agricultural expansion and investment in its oil sector as it seeks to diversify its economy. The World Bank has raised its forecast for Chad’s economic growth in 2026 to 5.2 percent.
