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Country name:

Chad is situated in central Africa, bordered by Libya to the north, Niger, Nigeria and Cameroon to the west, the Central African Republic to the south, and Sudan to the east. The topography ranges from equatorial forests to the driest of deserts. In the northeast lies Ennedi, and to the north the volcanic Tibesti range - largely sheer cliffs, ravines and canyons set among Saharan sand dunes.
 

 

Capital:

N’Djaména. Population: 700,000
 

Location:

Central Africa, south of Libya

 

Area:

1,284,000 sq km (495,800 sq miles).
 

 

Population:

8.6 million

 

Languages:

The official languages are French and Arabic. Other widely spoken African languages include Sara (in the south). The territory’s boundaries enclose a small but highly diverse population.

 

Climate:
Hot, tropical climate, though temperatures vary in different areas. The southern rainy season lasts from May to October and the central rains from June to September. The north has little rain all year. The dry season is often windy and cooler during the evenings
 

 

Economy - overview:


Chad is one of the world’s poorest countries, with a per capita annual income of just US$200. Civil war, poor infrastructure, few natural resources and droughts have hampered any development of the economy during the last few decades.

Subsistence level farming occupies 80% of the population, producing mainly sorghum, millet and groundnuts. Cotton is the main cash crop. Nonetheless, there are chronic food shortages which can, in many areas, only be met by international food aid.

Agro-industrial operations, most of which are based in the south of the country, dominate the small industrial sector. Mineral deposits including tungsten, tin, bauxite, gold and iron ore have been located: only natron (hydrated sodium carbonate) is mined in commercial quantities.

However, the country now has a unique opportunity to transform its economic fortunes following the discovery of large oil deposits in the Doba Basin in the southwest. A 1,000km (621-mile) pipeline linking the fields to the Cameroonian port of Kribi (Chad is landlocked) opened in 2003.

Chad is expected to earn around US$3 billion over 25 years, which will increase national income by around 50%. To avoid the corruption that oil has given rise to in other African countries, a law requires that 80% of oil revenue is spent on development projects. This arrangement has been threatened however by a change in the law in December 2005 which allowed the government to retrieve some of the money put aside for 'future generations', ie when the oil runs out.

Chad is a member of the Central African Economic and Customs Union (CEEAC).
 

Economy:

Chad is one of the world’s poorest countries, with a per capita annual income of just US$200. Civil war, poor infrastructure, few natural resources and droughts have hampered any development of the economy during the last few decades.

Subsistence level farming occupies 80% of the population, producing mainly sorghum, millet and groundnuts. Cotton is the main cash crop. Nonetheless, there are chronic food shortages which can, in many areas, only be met by international food aid.

Agro-industrial operations, most of which are based in the south of the country, dominate the small industrial sector. Mineral deposits including tungsten, tin, bauxite, gold and iron ore have been located: only natron (hydrated sodium carbonate) is mined in commercial quantities.

However, the country now has a unique opportunity to transform its economic fortunes following the discovery of large oil deposits in the Doba Basin in the southwest. A 1,000km (621-mile) pipeline linking the fields to the Cameroonian port of Kribi (Chad is landlocked) opened in 2003.

Chad is expected to earn around US$3 billion over 25 years, which will increase national income by around 50%. To avoid the corruption that oil has given rise to in other African countries, a law requires that 80% of oil revenue is spent on development projects. This arrangement has been threatened however by a change in the law in December 2005 which allowed the government to retrieve some of the money put aside for 'future generations', ie when the oil runs out.

Chad is a member of the Central African Economic and Customs Union (CEEAC).
 

Industries:

oil, cotton textiles, meatpacking, beer brewing, natron (sodium carbonate), soap, cigarettes, construction materials

 

Exports:

Cotton, cattle and Gum Arabic.

Imports:

Machinery and transportation equipment, industrial goods, petroleum products, foodstuffs and textiles.

• Main trade partners: France, USA, China, Cameroon, Portugal and Germany.

Exchange rates:

CFA (Communauté Financière Africaine) Franc (XAF) = 100 centimes. Notes are in denominations of XAF10,000, 5,000, 2,000, 1,000 and 500. Coins are in denominations of XAF250, 100, 50, 25, 10, 5 and 1.
Chad is part of the French Monetary Area. Only currency issued by the Banque des Etats de l’Afrique Centrale (Bank of Central African States) is valid; currency issued by the Banque des Etats de l’Afrique de l’Ouest (Bank of West African States) is not. The CFA Franc is tied to the Euro.
http://www.worldtravelguide.net/country/55/money/Africa/Chad.html

GDP :

US$5.3 billion (2005).

 

 

Useful links:

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  • Trade Associations & Chamber of Commerce
 

 

 

 

 

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  Copyright By :  Kish Trade Promotion Center  2002