The loan is in line with one of the commitments made by Chad in December 2021 to improve its banking system. It is intended to recapitalize Commercial Bank Chad.
Commercial Bank Chad signed, Monday (July 4), a XAF15 billion (US$23.2 million) loan agreement with the Development Bank of Central African States (BDEAC). The agreement was announced the following day in a release issued by the BDEAC.
Thanks to the loan, "Commercial Bank Chad will deploy a better post-covid-19 response, profiting Chadian economic operators, notably SMEs and SMIs which are poorly exploited segments of its portfolio,” the release reads.
For the BDEAC (a 2.01 percent stakeholder in Comercial Bank Chad), the response schemes deployed by the bank thanks to the loan will help beneficiaries boost their revenues and expand operations. The development bank adds that through that financial support, it wants to fund actors whose financial needs are usually below its minimum intervention threshold.
In December 2021, in the framework of its proposed 3-year extended credit facility, Chad committed to improving its banking system by implementing target structural reforms between 2021 and 2024. One of those reforms was the recapitalization of Commercial Bank Chad.
Chamberline Moko
• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...
• Algeria grants commercial 5G licenses to top three telecom operators: Mobilis, Djezzy, and Ooredoo...
• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might see...
• Kenyan President William Ruto signs strategic partnership with UK Prime Minister Keir Starmer to b...
• IFC teams up with AfDB and Nigeria’s EbonyLife to assess a new fund for African cinema• Sector cou...
• Morocco began expanding Casablanca Airport to raise capacity to 35M passengers by 2029• The $1.7B project supports the “Airports 2030” plan to...
• DRC extended its cobalt export ban to September 2025 due to high stock levels.• Major producers like CMOC face delivery issues; supply risks remain but...
• Eskom restored Medupi Unit 4 early, adding 800 MW and helping end load-shedding• Coal still dominates South Africa’s power, slowing the energy...
• Ethiopia completed the $4B Grand Renaissance Dam to boost power capacity and energy independence• Egypt and Sudan fear water supply risks, with no...
The Gerewol tradition is a fascinating ritual celebrated by the Bororo Fulani, a nomadic community primarily located in Chad and Niger. This annual...
In northern Ethiopia, in the Tigray region, lies Axum (also spelled Aksum), an ancient city that once stood at the heart of one of Africa’s most powerful...