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Banking / Investment in Chad

  • Africa's last international banks make their stand

    BOTSWANA, 2017/10/31 On June 1, 2017, Barclays sold a 33.7% stake in its African business, Barclays Africa Group Limited (BAGL). The transaction reduced the UK lender’s stake in its African offshoot to 14.9% and permitted, in accounting terms, the deconsolidation of BAGL from its parent. Additional symbolically, it brought to an end Barclays’ operations on the continent next additional than 100 years. The rise of Africa’s home-grown financial players has led most international lenders to withdraw from the continent. However, Société Générale and Standard Chartered are not only staying put but marking territory for digital expansion. James King reports.
  • Why governments need to support the financial sector to meet the unserved needs of smallholder farmers

    BOTSWANA, 2017/09/09 This year, under the leadership of H.E. President Alassane Ouattara and the theme of “Accelerating Africa’s Path to Prosperity: Growing Inclusive Economies and Jobs through Agriculture”, the African Green Revolution Forum (AGRF) 2017 is shaping up as a premier platform to showcase ongoing evolution in Africa’s agricultural transformation schedule and to scale up the political, policy, and financial commitments needed to achieve the Malabo Declaration and the world development schedule around the Sustainable Development Goals (SDGs). Following the launch of the landmark annual Africa Agriculture Status Statement (ASSR) at the AGRF taking place in Cote d’Ivoire from 4-8 September 2017, the major conclusion centres around the power of entrepreneurs and the free market in driving Africa’s economic increase from food production. This is owing to the fact that a lot of businesses are waking up to opportunities of a rapidly growing food market in Africa that may be worth additional than $1 trillion each year by 2030 to substitute imports with high price food made in Africa.
  • BADEA gives US$10m loan to Chad, US$8m to Sierra Leone

    CHAD, 2013/05/29 The Arab Bank for Economic Development in Africa (BADEA) has given a US$10 million loan to Chad as part financing for a road project from Massakory to the Niger border. According to the bank, the agreement for the loan was signed on the sideline of the recent 38th Annual Conference of the Islamic Development Bank Group in Dushanbe, Republic of Tajikistan.
  • Invest in Chad 2012-03-05

    CHAD, 2012/03/05 Chad is not a country usually on the radar of most investors. However, if Arnold Ekpe, CEO of Ecobank, is to be believed, business people may just find some good opportunities in the country. “We run the biggest bank in Chad. Why? Because we are not afraid of Chad. How a lot of of you here would be willing to go to your board of directors and say, ‘We would like to invest [in Chad]’? I don’t think there will be that a lot of people. But if you look at the fundamental risk, it is very different,” said Ekpe yesterday during the Ernst & Young Strategic Increase Forum Africa conference in Cape Town.