CHAD

IMF approves disbursement of $69.49 million to Chad to respond to COVID-19

The International Monetary Fund (IMF) has approved the disbursement of $69.49 million to Chad to respond to COVID-19. The loan money, approved under the Rapid Credit Facility (RCF) to address the external financing needs arising from the COVID-19 pandemic,...

Victims of former Chadian dictator Hissène Habré yet to receive any reparations

The victims of the former Chadian dictator Hissène Habré have yet to receive any reparations four years after his historic atrocity conviction in Senegal, human rights advocates said on Friday. On May 30, 2016, Habré was convicted of crimes against humanity, war crimes, and torture,...

African Development Bank approves $43 million (€40 million) in grants for bridge linking Cameroon and Chad

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...

BREAKING: Chad asks IMF for $115 million to respond to COVID-19 economic sabotage

The Executive Board of the International Monetary Fund (IMF) is considering an urgent request made by Chad for a disbursement of $115 million to the central African country to respond to COVID-19 economic sabotage under a Rapid Credit Facility...

Chad’s economy broadly positive, recovering well, but spending pressures emerging, IMF says

The International Monetary Fund (IMF) said on Thursday the economy of Chad in central Africa was recovering well although some spending pressures were beginning to emerge. “Economic activity is expected to continue to recover and the macroeconomic outlook remains...

Belittled by Trump, France’s Macron finds his muscles in Africa, summons five leaders with tone used in colonial era

U.S. President Donald Trump may not be loved in most countries in Africa the same way Barack Obama or Bill Clinton was, but his constant criticisms of France and other European nations which are unable to adequately contribute to...

MASSACRE: Over 50 fishermen beheaded by Boko Haram in Lake Chad region

At least 50 fishermen have been beheaded by Boko Haram around Lake Chad region, a Cameroonian newspaper reported on Friday. Details of the massacre remain sketchy, but the reliable newspaper, L'Oeil du Sahel, has been reporting Boko Haram atrocities...

IMF board approves additional disbursement of $38.8 million to Chad, part of $310.5 million loan secured in 2017

The executive board of the International Monetary Fund (IMF) on Friday approved the release of $38.8 million to Chad, part of $310.5 million loan secured in 2017 under the extended credit facility arrangement. An extended credit facility allows the borrowing...

Buhari admin glad over Nigeria’s border closure with Cameroon, Benin and others, citing billions of dollars in benefits

Two months into closure of Nigeria’s land border to curb smuggling activities, especially rice, President Muhammadu Buhari’s administration is betting on same measure to rekindle the agriculture sector. The government’s directive will save the country billions of naira on import...

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In their own words: Biden’s economic team vows to rebuild America’s economy better

U.S. President-elect Joseph R. Biden's nominees and appointees on Tuesday vowed to rebuild the American economy. The President-elect on Monday...

Harris: economic team to deliver immediate relief to Americans

U.S. Vice President-elect Kamala Harris on Tuesday congratulated President-elect Joseph R. Biden "on choosing this outstanding economic team." "This is the team we need to...

In their own words: Biden’s economic team vows to rebuild America’s economy better

U.S. President-elect Joseph R. Biden's nominees and appointees on Tuesday vowed to rebuild the American economy. The President-elect on Monday announced key members of his...

Joe Biden: My first-rate economic team will get us through on-going crisis and help us build back better

U.S. President-elect Joseph R. Biden Jr. on Tuesday introduced his economic team to the nation, saying it will help the nation get through the...

President Buhari says he appreciates Nigerians for their patience over bad economy

President Muhammadu Buhari on Tuesday in Abuja appreciated Nigerians and Organized Labour for restraint, understanding and patience as the country tackles myriad economic challenges,...
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