The African Export-Import Bank (Afreximbank) has approved a €110 million financing facility for the government of Chad to support trade-enabling infrastructure and accelerate the country’s economic transformation.

The facility, described as Afreximbank’s largest-ever financing support to Chad, was signed on August 5, 2026, at the bank’s headquarters in Cairo, Egypt, by Afreximbank President and Chairman of the Board of Directors, Dr George Elombi, and Chad’s Senior Minister of Finance, Budget, Economy, Planning and International Cooperation, Tahir Hamid Nguilin.

The financing, to be provided in local currency equivalent, will fund strategic projects approved under Chad’s 2026 Finance Law, with a focus on infrastructure capable of facilitating trade, strengthening economic resilience and supporting long-term development.

According to Afreximbank, the facility forms part of a broader financing programme targeting priority investments, including special industrial zones for textile manufacturing and meat processing, transport infrastructure linking Chad with Egypt and Libya, power generation and crude oil refining capacity.
The programme will also support the development of transport and maritime economic opportunities around Lake Chad, with the bank projecting that the investments could help reshape the structure of the Chadian economy, create sustainable employment and generate wealth.

Elombi said the financing demonstrated Afreximbank’s commitment to supporting Chad’s economic transformation and the government’s efforts to structurally diversify the economy.
He said the projects were expected to strengthen productive capacity while improving connectivity and creating opportunities for industrialisation.

The transaction builds on a strategic partnership established between Afreximbank and the Chadian government through a Memorandum of Understanding signed in June 2025.

The MoU provides a framework for cooperation in areas including agropastoral development, export-oriented agriculture, gold trading, the navigability of Lake Chad, refined petroleum trading and refinery development.
Nguilin said the financing reflected Afreximbank’s confidence in Chad’s economic prospects, adding that the funds would support critical infrastructure and trade-development projects contained in the country’s national budget.

He also said the government was seeking to convert its natural resources and economic potential into tangible trade opportunities while diversifying its financial partnerships and strengthening regional and continental economic integration.

The financing comes as Chad pursues efforts to reduce its reliance on crude oil revenues through agricultural expansion, economic reforms and investment in other productive sectors.

The World Bank has upgraded its forecast for Chad’s economic growth in 2026 to 5.2 per cent, according to the statement.