📋 Tender Overview
The European Investment Bank EIB today approved three new initiatives to strengthen economic and social development across Chad. This includes the EIBs first targeted support for digitization and rural connectivity in the country the EIBs first private sector finance program to accelerate business investments and help companies in the sectors of Chad most affected by the crisis. COVID-19 and allow Chad to benefit from the membership of the Africa Trade Insurance Agency by facilitating trade and investment.The digital transformation and business investment initiatives backed by the European Investment Bank the European Unions long-term finance institution and the worlds largest international public bank were officially approved at N Djamena.The launch event brought together Dr Issa Doubragne Minister of the Economy Development Planning and International Cooperation Magloire NGuessan Director General of Socit Gnrale Tchad Nikolaos Milianitis Head of the Regional Representation of the EIB for Central Africa and Zissimos Vergos Charg dAffaires ai and Silvia Severi Head of Co-operation of the European Union Delegation in Chad.Manuel Moses CEO of the African Trade Insurance Agency ACA along with the management team participated via video conference from Nairobi Kenya.The agreements signed today will ensure that entrepreneurs farmers and families across Chad will benefit from better connectivity and business investments in the years to come. The Republic of Chad welcomes the strong support shown by the European Investment Bank and the commitment of Team Europe to support the development of private sector investments trade and digital infrastructure. This new investment will strengthen Chads resilience in the face of the economic and social impact of COVID-19 and unlock sustainable development in the years to come. Declared Minister Issa Doubragne Minister of the Economy Development Planning and International Cooperation.The European Investment Bank has been Chads partner for 53 years and today marks a new era in this long history of cooperation. As part of Team Europes global response the EIB is stepping up its support to accelerate private sector investments in Chad and across Africa to help African businesses better meet the challenges of COVID-19.The EIB has concluded our first direct support for business investment in Chad in partnership with Socit Gnrale and our first targeted cooperation to allow Chad to benefit from increased digitization in the years to come. We are also pleased to allow Chad to join the Africa Trade Insurance Agency which will facilitate and unlock investments in the years to come. The European Investment Bank is a partner for Chad for the Sahel and for Africa. Declared Ambroise Fayolle Vice-President of the European Investment Bank.The European Union and its Member States our Team Europe continue to support Chad in its efforts to fight against the health social and economic impact of COVID-19 and to make progress towards building a more resilient economy and inclusive. We all agree that the impact and success of these financing initiatives is also associated with an ongoing and well-structured public private sector dialogue around the investment climate the enabling environment for business and the promotion of youth and womens entrepreneurship. What is not always clear is that these funding initiatives are accompanied by the mobilization of world-class expertise in digital financial commercial and environmental benefits directly benefiting the countrys private sector. The work done by the European Investment Bank team and the long-term investment plan of the current initiatives is a firm demonstration of the long-term commitment of Team Europe in Central Africa and the Sahel declared Zissimos Vergos Charg dAffaires ai of the Delegation of the European Union in Chad.Help connect Chad to the rest of the worldThree feasibility studies the EIBs first support to digitization in the Sahel will describe how to provide high-speed internet improved telecommunications and better connectivity for remote rural communities and will support the governments plan to double the economic contribution ICT in the years to come.A high-impact investment in digitization is essential to boost future economic growth and social progress in landlocked Chad. The new cooperation with the European Investment Bank will allow Chad to benefit from technical expertise and best practices in the digital sector. My colleagues and I look forward to working with the EIB in the months and years to come. Declared Dr Idriss Bachar Saleh Minister of Posts and Digital Economy.Investment program of 6.5 billion FCFA launched with Socit GnraleThis new funding is part of the European Investment Banks universal support for private sector development and targeted assistance to African businesses facing economic social and health challenges and the COVID-19 pandemic. The new system is available immediately and will be managed by Socit Gnrale in Chad. The CFAF 6.5 billion will include working capital allow increased support for investment projects and include more flexible disbursement conditions to reflect the acute and sudden challenges facing African businesses.
