August 21, 2026

The African Tribune

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Chad secures over 24 billion FCFA from China for crucial development projects

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Chad secures over 24 billion FCFA from China for crucial development projects

Chad has successfully secured significant new financial backing from China. On Thursday, August 20, in N’Djamena, two grant agreements were formally signed, committing a total of 300 million yuan – equivalent to approximately 44 million US dollars, or more than 24 billion FCFA. These funds are earmarked to bolster essential infrastructure initiatives, advance social development programs, and support the digital sector and professional training across the nation.

Crédit Photo : MEF

The two distinct agreements comprise allocations of 100 million and 200 million yuan, respectively. These pivotal documents were co-signed by Tahir Hamid Nguilin, Chad’s Minister of State for Finance, Budget, Economy, Planning, and International Cooperation, and Wang Xining, the Chinese Ambassador to Chad. A crucial detail highlighted by the Chadian Ministry of Finance is that these allocations are outright grants, not loans. This distinction is paramount, as the 300 million yuan announced will not contribute to any additional national debt under these specific arrangements.

Furthermore, N’Djamena underscored another key aspect: the resources are available for immediate deployment. The Chadian government intends to direct these funds towards projects focusing on critical infrastructure, social welfare advancements, digital technology integration, and human capital development through training initiatives. Minister Tahir Hamid Nguilin affirmed, “The two grants, of 100 and 200 million yuan respectively, are immediately mobilizable.” He also emphasized that particular attention would be given to projects directly benefiting the populace, especially youth and women.

From infrastructure to digital advancement

The outlined scope for the aid is considerably broad. Ambassador Wang Xining elaborated that China’s support is designed to help finance essential infrastructure and social programs, while simultaneously fostering the growth of digital technologies and the development of skilled workforces. As of now, specific projects have not been publicly linked to these two financial packages. Similarly, a detailed breakdown of how the 300 million yuan will be distributed across various sectors has not yet been provided. The practical application of these substantial resources will therefore become clearer as chosen projects are identified and subsequently implemented. The stakes are high: over 24 billion FCFA is now potentially accessible for vital investments without the need for borrowed capital.

This latest financial infusion complements another Chinese contribution provided just weeks prior. On July 7, Beijing and N’Djamena had formalized a grant of 2 million dollars, approximately 1.2 billion FCFA, specifically allocated for flood prevention and management efforts. This earlier funding was intended to strengthen Chad’s response capabilities following several particularly devastating flood events. In 2024, floods impacted an estimated 1.9 million individuals, resulted in 576 fatalities, and decimated over 432,000 hectares of agricultural land, according to international humanitarian data.