THE POOR ARE GETTING POORER IN THIS COVID ERA AS CHAD STRUGGLES WITH DEBTS

Chad has requested that a “common framework” be set up between the Paris Club and the G20 for the treatment of debt. These donors will probably extend the moratorium enjoyed by some fifty countries, mostly African, until the end of 2021.

This is the first initiative of its kind under

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NIGERIA GOVT. PLANS TO CONNECT CHAD TO NATIONAL POWER GRID

Despite the daily outcry from Nigerians in the country over lack of power supply, Nigeria government still wants to connect another nation to its power grid.

It is not a bad idea helping a nation that is struggling with any infrastructure development but knowing your citizens are suffering of such

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AFDB APPROVES GRANTS FOR BRIDGE CONSTRUCTION LINKING CHAD AND CAMEROON

AFDB cameroon and chad bridge

The Board of Directors of the African Development Bank Group has approved grants worth €40.94 million for the construction of a bridge to connect Cameroon and Chad across the Logone river.

The grants, comprising a €20.785 million tranche for Cameroon and €19.215 million for Chad, were approved on 30th April

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CHAD TO RECEIVE US$125m SUPPORT FROM WORLD BANK

Chad to get US$125m from World Bank

Chad to get US$125 million developmental support from World Bank

To help support developmental projects in the Chad; World Bank have announced a US$125 million support for the Central African country.

Acoording the the Bank, the support will two frameworks. The signatories for the support agreement were Chadian minister of …

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CHAD TO LAUNCH NEW NATIONAL AIRLINE

Chad Republic

Chad Republic and Ethiopian airlines recently signed an agreement to launch a new national carrier for Chad by October 1st.

Chad republic through its Chad’s Civil Aviation Authority have sign an agreement with Ethiopian airlines for a new national carrier in Chad.

International Air Transport Association ranks Ethiopian Airlines as …

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51 AFRICAN LEADERS’ VOTE IN FAVOR OF MOUSSA FAKI MAHAMAT FOR A 2ND TERM AS AFRICAN UNION CHAIRMAN

A seasoned Chadian diplomat, Moussa Faki Mahamat received a sweeping vote of confidence among African leaders Saturday to serve as chairman of the African Union Commission (AUC) for another four-year term.

Moussa Faki received 51 of 54 African leaders’ votes in favor of serving a second term in a virtual

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AfCFTA – WORLD’S BIGGEST SINGLE MARKET IN AFRICA

Ethiopia becomes 18th country to ratify the African Continental Free Trade Area (AfCFTA). This comes ahead of the 32 Ordinary Session of the Assembly of the African Union. Which will hold on the 10 – 11 of February 2019 in Addis Ababa, Ethiopia.  

African Continental Free Trade Area (AfCFTA) is …

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WHAT INVESTORS SHOULD KNOW AS SOME OF AFRICA’S BIGGEST ECONOMIES HEAD TO POLLS

What investors need to know as African countries head to polls

Before the elections commence in Africa, what do investors need to know?

Political instability which is an investors nightmare, is also one element hindering infrastructural development in Africa. Most times, especially in Africa, political unrest usually arises during election period – change in government.

Some African countries this year 2019 …

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ATTACK ON UN CAMP IN MALI LEAVES 10 DEAD AND OTHERS INJURED

10 killed in recent UN camp in Mali attack

Ten UN peacekeepers dies during an attack in Mali

A recent attack on UN’s Camp for multidimensional Integrated Stabilization Mission (MINUSMA) in Mali, have lead to the killing of 10 UN peacekeepers from Chad while another 25 were injured. This report is according to the statement from UN secretary-general Antonio …

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TANZANIA MPs LIST CHALLENGES AFFECTING INDUSTRIALISATION DRIVE

Members of Parliaments (MPs) list out challenges affecting industrialisation drive in Tanzania.

Tanzania is a nation with great potential but lack of industrialisation is affecting it. The members of parliaments during it session said its is due to unfriendly business environment.

According to the MPs, this is hindering and also …

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AFRICAN ECONOMIES ARE NOT COMPETITIVE – WEF 2018 REPORT

WEF 2018 report ranks African economies as least competitive

African economies rank least competitive in World Economic Forum (WEF) 2018 report .

World Economic Forum (WEF) 2018 report says various African Economies have remained uncompetitive. The reason its says is especially due to weak institutions and inadequate public policies.

In the WEF 2018 report; US Economy topped the world …

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TRUMP’s TRAVEL BAN APPROVED BY SUPREME COURT

The U.S. Supreme Court  upheld the Trump administration’s travel restrictions  from five Muslim countries. Hence giving  Trump a victory in enforcing one of his most controversial policies.

The high court justices ruled that the president has the authority under U.S. immigration laws to limit travel from foreign countries. To reduce …

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ALGERIA TRANS-SAHARAN HIGHWAY PROJECT COMPLETED

Algeria

Part of the Trans-Saharan Highway in Algeria is now complete.

The construction of the 1,600km Trans-Saharan Highway project in Algeria is now complete. Work is also in progress on another 200km road in south-Algeria and it will soon be complete. Algeria, said the completed infrastructure is a fundamental factor for …

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MALL FOR AFRICA SPREADS TO MORE PARTS OF AFRICA.

Mall for Africa expands to 11 new countries in Africa. 

Worldwide e-commerce and m-commerce colossus, Mall for Africa will expand into 11 new countries in Africa. In acknowledgement to the growing demand for its  patented platform, the app will now be available in African countries like Angola, Chad, Guinea, Botswana, …

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