Scatec builds Chad''s first solar plant with storage
The project was funded by the International Finance Corporation (IFC). The national electricity utility, Société Nationale d''Électricité du Tchad (SNE) acted as the local
Chad's investment climate is challenging. Private sector development suffers from a lack of transport infrastructure, GDP growth, skilled labor, reliable electricity, adequate contract enforcement, good governance, and attractive tax rates. Frequent border closures with neighboring countries complicate trade.
Chad does not have a stock market and has no effective regulatory system to encourage or facilitate portfolio investments. A small regional stock exchange, known as the Central African Stock Exchange, in Libreville, Gabon, was established by CEMAC countries in 2006. Cameroon, a CEMAC member, launched its own market in 2005.
Chad's financial system is underdeveloped. There are no capital markets or money markets in Chad. A limited number of financial instruments are available to the private sector, including letters of credit, short- and medium-term loans, foreign exchange services, and long-term savings instruments.
Transactions of $10,000 USD or more for individuals and $50,000 USD or more for companies are automatically notified to the COBAC. Companies and individuals transferring more than $800,000 USD out of Chad need BEAC authorization to do so. Authorization may take up to three working days.
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