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Making Business in Chad
Among the sectors that offer the best market outlet to American and
Canadian enterprises, are: les hydrocarbon industry, the
infrastructure, the mines, agriculture, livestock rising, tourism,
the transport industry and telecommunications. Chad constitutes
first order markets for a number of business services ranging in
fields from building trade, administration, new economy, education,
health, computer sciences, information technology to financial
services, to name just a few.
BUSINESS OPPORTUNITIES
Possible business opportunities and partners
Gaining peace, security and stability – which form the essential
conditions for the reconstruction and development of the country –
have allowed Chad to put into place wide-ranging political,
administrative and economic procedures. Today much has been
accomplished. The progress attained in the various economy sectors,
due to input of private, mainly foreign, investors, has shown this
most eloquently. Still much has to be done in order to diversify the
Chadian economy. Facing inescapable challenges of development, the
country has to attract still numerous partners in its permanent
quest for growth. Following you’ll see examples of potential
business opportunities. This list is neither completely exclusive
nor exhausted to its limits.
Education, training and work
Since the human being is the key of development, everything has to
be conceived and ventured within his range of need and perfection,
while adequate to the requests of globalization and the modern job
market. However, the education sector, particularly the one of
professional apprenticeship, is often neglected. Entrance structures
are far from being capable to absorb the plenty of young people
searching for training and education. These young people are sought
after with wringing hands by the enterprises. Thus for the
development of this sector the adduction of foreign partners are
indispensable.
Industrial ties
This is a sector that is inadequately developed and that lacks units
of industrial production. There is a real need to enlarge the
country’s product base in order to be able to cater products
manufactured in Chad to the regional and international markets. It
is therefore important to develop supplies, such as agricultural
products, livestock rising and fishery. Chad’s principle resource
offer enormous potentialities, which ultimately serve foreign
partners and investors.
Energy
The
economic process relies greatly on energy resources. However,
electricity is still a luxury for the ordinary Chadian. We need
partners, who have knowledge in developing mechanisms for solar
energy, wind power and energy generated from gas. The utilization
of alternative and environment friendly energy sources will notably
have beneficial consequences for the regeneration of our forests.
Telecommunication
The
telecommunication infrastructures are also still far from
satisfactory in light of the immense needs of the country. The
country counted only 9000 telephone lines in 1998, with 83 per cent
in the capital, N’Djamena, and the rest spread over nine provincial
towns. This field, as well as the fields of mobile telecommunication
and new information technologies, offers a wide range of
opportunities to foreign investors.
Bank system and micro-finance
The
bank sector, including five commercial banks planted in five large
cities of the country, needs to be reinforced. National savings have
to be mobilized in order to constitute capital mass, which will be
invested into the country. This is another action camp that awaits
specialists and partners form all parts of the world.
Small and middle-size businesses
The
SMB play a preponderant role in the economic development of Chad,
creating jobs, contributing to the increase of the GDP, valorizing
local products, regional development, etc. This sector is still in
its infancy shoes and consequently it is open to partners who could
mobilize capital in order to invest into this sector.
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