Why invest in Chad: The Government’s Master Plan
"What makes Chad so interesting?” "How shall I go about investing in Chad?" are two most frequent questions we get in our mailbox since the launch of the Chad Petroleum, Energy and Mining Summit.
Indeed, Chad is an under-explored country. What most energy investors know about Chad, is its strategic geographical position; a landlocked country, neighbouring North Sudan, Cameroon, Central African Republic, Libya, Niger and Nigeria.
So compared to their vastly explored neighbours, where does Chad stand?
Without any further ado, with optimism and respect to the Chadian government, who fully supports and endorses this year’s Chad Petroleum, Energy and Mining Summit in N’Djamena, here is why and how you can invest and run your business in Chad.
As far as resources go, Chad is a fresh and privileged market, full of potential and open to investments. However, is Chad investment friendly? According to African Economic Outlook 2017, the Chadian government has a three-stage Masterplan:
- Industrialisation and sectoral diversification
- Capital accumulation
- Social integration
In layman’s terms, what the Chadian Government aims for, is to expand its economy from an already fruitful and developing petroleum sector, to other sectors, such as mining, energy, infrastructure, transportations and telecommunications. This requires a skilled and trained workforce to integrate into Chad’s growing industry, as well as the better implementation of the Funds given by the World Bank, the African Development Bank and the EU, but also through investments.
By 2016, Chad was one of the champions in FDI inflows, despite the great recess in the Sub- Saharan African countries (SSA). Chad is also the country with the lowest rates on Gross Government debt, which translates as:
- Better enhancement of financial help by Funds
- Greater focus on infrastructure and development projects.
So, to sum up, has Chad’s economy what it takes to spur its growth? As we have proven, Chad has the right background to evolve into a strong regional leader by 2030.
Any more questions about why Chad is ideal for business? If so, please, do not hesitate to drop us a line and we are more than willing to provide you with more information on current and up-and-coming projects.
A preview of our upcoming blog posts:
-Chad Petroleum Industry: E&P opportunities, blocks available and Midstream projects
-Chad Mining: exploration and production, undiscovered fields and mining opportunities
-Chad Energy: renewables, need for power and how to get involved