Tchad Receives Record $127M from Afreximbank for Infrastructure Development BODY: LIBREVILLE, Tchad – In a significant move towards economic diversification, the Republic of Chad has been granted a record $127 million by the African Export-Import Bank (Afreximbank). This substantial financial support is allocated to bolster the nation’s infrastructure and enhance its commercial exchanges, according to News Afrique.
The loan agreement, which is in local currency, is specifically aimed at financing trade — enabling projects integrated into Chad’s national budget. These projects prioritize infrastructure and trade development initiatives, vital for the country’s economic diversification and its ongoing efforts to reduce reliance on oil revenue. Chad, a landlocked country in Central Africa, has long been dependent on agriculture and oil exports.
The country faces economic challenges such as civil war, political instability, and exposure to global oil market fluctuations, prompting a push for economic diversification.
The recent financing from Afreximbank follows a memorandum of understanding (MoU) signed between Chad and the bank in June 2025. This strategic partnership aims to support Chad’s development in key sectors, including agriculture, trade, and infrastructure. This financing marks the largest ever provided by Afreximbank to Chad and underscores the importance of the partnership between the bank and the country.
The loan is a significant step towards strengthening Chad’s trade-related infrastructure and supporting economic diversification, although the details of the loan’s implementation and specific terms are yet to be fully disclosed.
The Tchadian government and Afreximbank have not provided direct quotes on the specifics of the agreement and its expected impact.
However, as Chad seeks to transform its economic structure and generate sustainable employment and wealth, this loan could be a pivotal moment in its journey towards economic stability and regional integration.
The success of this project will be closely watched, not only by Chad but by the broader African community as well.
*Additional reporting by ImNews | Sources consulted: 5*
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This original article was produced by the ImNews editorial team
Source: Agpgabon
Source: Redaction
