The African Export-Import Bank (Afreximbank) announced yesterday that it has extended its largest-ever financing to Chad with EUR 110 million loan to support the country’s economic development.
The facility agreement, signed on 5 August at the Afreximbank Headquarters in Cairo, Egypt provides for the proceeds of the facility to be utilised by the government to support trade-enabling infrastructure projects, as approved under the Country’s 2026 Finance Law.
The facility will promote trade flows, enhance economic resilience, and support the implementation of strategic trade-enabling infrastructure projects that are critical to advancing Chad’s long-term trade, economic transformation, and development objectives.
The deal further strengthens the strategic partnership between Afreximbank and the Government of Chad by supporting initiatives that promote local value addition, industrialisation and economic transformation in the country and the region – including its transport infrastructure to connect Chad to Egypt and Libya.