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Chad has unveiled an ambitious five-year development strategy, Connection 2030, aimed at transforming its economy by targeting an average annual GDP growth of 8%. This bold strategy seeks to mobilize $30 billion in investment to industrialize the nation, improve electricity and water supply, harness its vast resources—including oil, gold, and over 13 million arable acres—and improve critical infrastructure such as road networks. Authorities are courting Gulf investors to realize this vision, with a major forum in Abu Dhabi helping Chad secure over $20 billion in financing pledges—nearly two-thirds of its $30 billion goal. However, the path is steep. As a landlocked nation grappling with poverty, high logistics costs, and regional insecurity, Chad must overcome significant hurdles to realize its development goals and translate natural wealth into tangible prosperity for its people.
African Business