August 21, 2026

The Panafrican Press

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China injects 24 billion FCFA into Chad’s development projects

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China injects 24 billion FCFA into Chad’s development projects

Chad has secured fresh financial backing from China through two grant agreements signed in N’Djamena on August 20. The total funding amounts to 300 million Chinese yuan—equivalent to 44 million dollars or over 24 billion West African CFA francs—which will fuel infrastructure, social development, digital innovation, and skills training initiatives.

Credit: Ministry of Economy and Finance (Tchad)

The two grant agreements—100 million yuan and 200 million yuan respectively—were finalized between Tahir Hamid Nguilin, Chad’s Minister of State for Finance, Budget, Economy, Planning, and International Cooperation, and Wang Xining, China’s Ambassador to Chad. Unlike loans, these funds carry no repayment obligations, as confirmed by Chad’s Ministry of Finance.

What sets this funding apart is its immediate availability. The government plans to channel the resources into priority areas including infrastructure, social welfare, digital transformation, and vocational training. « These grants are ready for deployment without delay, » Minister Nguilin emphasized, adding that special focus will be placed on youth and women-led initiatives.

Building roads, strengthening digital ecosystems

The scope of these grants extends across multiple sectors. Ambassador Wang Xining highlighted their dual role in financing critical infrastructure and advancing social projects alongside digital upskilling and talent development. While no specific projects have been announced yet, the 300 million yuan allocation offers substantial flexibility to address urgent national needs—over 24 billion FCFA in untapped resources without adding to Chad’s debt burden.

This latest support follows a July 7 agreement in which China provided a 2 million dollar grant—around 1.2 billion FCFA—to bolster flood resilience. That funding was earmarked for emergency response enhancements after devastating floods in 2024 affected 1.9 million people, claimed 576 lives, and wiped out 432,000 hectares of farmland, according to humanitarian assessments.