Chad presents a growing development opportunity. Although the country’s medium-term history of civil and political unrest has discouraged investors moving into Chad, the country’s infrastructure needs have also posed a challenge to investors. Recently, however, Chad has moved to address the issues that stand in the way of a increasingly international business market.
Recent indicators have shown that foreign investors have begun to regain confidence in the country. Major direct investment from international companies into the oil sector has been increasing the country’s economic profile, and a consortium of global oil companies invested billions to develop oil reserves here. Crude oil has become the country's primary source of export, overtaking the traditional cotton industry. The World Bank has directed that 80% of oil revenues be invested back into development projects.
The corporate legal structure will stand to benefit from the increased trade, although, as it stands, the financial system is still modest and suffers from a far from sturdy market infrastructure and legal framework.
The Firm recently conducted a review of the power generation sector for an international independent power producer (“IPP”).
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