French IPP Qair begins work on 30MWp solar power plants in N’Djamena, Chad

CHAD – French Independent Power Producer (IPP) Qair, formerly Qadran International, has commenced the construction of two solar power plants with a total capacity of 30MWp near the Chadian capital N’Djamena, expected to be operational in 2022. Qair, which is partly owned by the oil company Total, has been awarded two plots of land, one to the north and one to the south-east of N’Djamena, in the districts of Lamadji and Gassi. The Lamadji solar power plant will occupy a 40-hectare site while the second park under construction in the…

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AfDB approves US$11m grant to Chad for Girls’ Education and Women’s Literacy Project

CHAD – The Board of Directors of the African Development Bank has approved a grant of US$11.26 million to the Government of Chad to finance the Girls’ Education and Women’s Literacy Project– the first Bank grant exclusively targeting women and girls. The project will be financed from the Bank’s Transition Support Facility and will be implemented over a five-year period by the Chadian Ministry of National Education and Civic Promotion, in coordination with partners involved in the education sector, civil society organisations, and youth organisations. The Chadian government will contribute…

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FMO signs US$598k convertible note to ZIZ Energie to improve green energy access

CHAD – FMO, a Dutch Entrepreneurial Development Bank, has signed an €500,000 (US$598,280) convertible note through its Ventures Program to ZIZ Energie (ZIZ), a privately-owned integrated power company in Chad. The investment is part of a €2 million (US$2.39m) convertible round in a co-investment with Energy Access Ventures (EAV) and marks the start of a larger investment round that aims to allow ZIZ to scale its operations and improve green energy access to households and smaller businesses in secondary towns across the country. ZIZ was established in 2006 by Chadian…

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Chad partners Argentina’s Alcaal Group in renewable energy development

CHAD – The Republic of Chad has partnered with Argentina based Alcaal Group in the development of an ambitious renewable energy project which is expected to yield 200MW of solar energy if successful. To this end, Chad’s Minister of finance and budget and the country’s Minister of Energy signed a memorandum of understanding with the Alcaal group relating to the feasibility studies the project. The project, which will be located in the outskirts of the country’s capital, N’djmena, will feature a photovoltaic plant with a capacity of up to 200…

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Chad to build solar power plant to stimulate rural development, enhance access to electricity

CHAD – Chad’s National Electricity Company (SNE) is set to build a photovoltaic solar power plant in the Kalam-Kalam rural area to stimulate rural development and enhance access to electricity in the countryside. The solar power project has already been kick started by the laying of the foundation at the project site in Kalam-kalam, near the administrative capital N’Djamena. The foundation stone was laid late last month by Chad’s Minister of State, Minister Secretary General of the Presidency of the Republic of Chad, Kalzeubé Payimi Deubet According to the report…

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Chad secures US$69 from IMF to sustain the fight against raging COVID-19 pandemic

CHAD– The government of Chad has secured a US$69.49 million loan from the IMF to sustain the ongoing fight against the raging COVID-19 pandemic. A statement from the IMF noted that the loan disbursement will provide timely support to fill “an urgent financing need to contain the economic impact of the pandemic and provide essential COVID-19-related health expenditure”. This is the second disbursement in three months, under the RCF, to address the external financing needs arising from the COVID-19 pandemic. The disbursement brings Chad’s total IMF emergency support since the…

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Chad poised to receive US$68m from IMF to cushion economy against COVID-19 pandemic

CHAD – The republic of Chad is poised to receive an additional funding of US$68 million from the IMF to help cushion the economy against the raging COVID-19 pandic. The development comes after the IMF released a statement noting that its staff have completed discussions for a second disbursement under the Rapid Credit Facility (RCF). Earlier this year, the Executive Board of the International Monetary Fund (IMF) approved a disbursement under the Rapid Credit Facility (RCF) equivalent to SDR 84.12 million (about US$115.1 million, or 60 percent of quota). During…

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Exxon-Mobil and Petronas plan to dispose stakes in Chad-Cameroon oil pipeline

CHAD – Petroliam Nasional Bhd. (Petronas) is considering selling its 35% stake in the Chad project with Exxon Mobil Corperation (Exxon) working with another adviser to sell their 40% stake as well, reports Business Wire. The project for sale includes oil fields in southern Chad and a pipeline that transports crude oil to a marine terminal in Cameroon for export. According to Michael Carter, Head of Global Equities at Osaka Matsui Management, the combined holdings of both oil companies could be worth over US$1 billion. Officially commissioned on October 3,…

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DHL expands Africa eShop application in 14 countries to increase its user base

AFRICA – DHL Express, a courier company, announced that their e-commerce platform eShop is now available in 14 additional countries across the region. The countries include Angola, Benin, Burkina Faso, Burundi, Chad, Ethiopia, Guinea, Lesotho, Liberia, Mali, Namibia, Niger, Sudan, and Togo. This increases the platform’s reach to 34 countries across sub-Saharan Africa that was launched in April 2019. South Africa was one of the first countries where the eShop was launched. Since its initial introduction, the DHL Africa eShop app has seen its user base grow rapidly, and within…

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