AGP Executive Report

Regional Finance: From November 1, CEMAC issuers can raise more than CFA20 billion through private placements, under a rule adopted in N’Djamena. The cap on each placement is removed, but issuers may make no more than two placements in any 24-month period. Defence Industry: Chad and France have set a framework for cooperation in military training, expertise, defence industry and technology. The agreement formalizes closer ties but does not announce a new weapons purchase or a return to permanent French bases.

Regional Finance: From November 1, CEMAC issuers can raise unlimited sums through private placements, replacing the CFA20 billion cap. The trade-off: each issuer may make no more than two placements in any 24-month period. The reform was adopted in N’Djamena and is designed to give companies more flexibility to raise capital. Defence Industry: Chad and France have formalized renewed military cooperation covering training, expertise, defence industry and technology. The framework follows France’s troop withdrawal and does not announce a return to permanent bases or a new arms purchase.

Capital Markets: From November 1, CEMAC companies can raise more than CFA20 billion through private placements, after regional ministers removed the fundraising cap. Issuers will be limited to two placements in any 24-month period. The reform, adopted in N’Djamena, could give Chadian businesses greater access to capital. Defence Industry: Chad and France have formalized renewed cooperation in military training, expertise, defence industry and technology. The October 13 declaration sets a framework for developing Chad’s armed forces, but does not announce a new weapons deal or a return of French bases.

Capital Markets: From November 1, CEMAC companies can raise more than CFA20 billion through private placements, following a rule change adopted in N’Djamena. Issuers will be limited to two placements in any 24-month period. Payments: Older CFA franc coins will stop being legal tender across the six CEMAC countries on November 1. Holders can exchange them through October 31, 2027, with exchanges shifting to BEAC branches from August. Defence Industry: Chad and France agreed to renew defence cooperation, including training, expertise, industry and technology. The declaration sets a framework for cooperation but does not announce a weapons purchase or return of French bases.

Regional Finance: From November 1, CEMAC issuers can raise more than CFA20 billion through private placements, following a rule change adopted in N’Djamena. Each issuer is limited to two placements in any 24-month period. Currency: Older CFA franc coins will stop being legal tender across CEMAC on November 1. Holders can exchange them through October 31, 2027; newer 2006 and 2024 coins remain valid. Defence Industry: Chad and France have formalized renewed cooperation in military training, expertise, industry and technology, aiming to develop Chad’s armed forces. The agreement does not announce a return to permanent French bases or a new weapons purchase.

Defence and Industry: Chad and France have signed a framework for cooperation in military training, expertise, industry and technology, as the two countries rebuild ties. It does not announce new weapons purchases or a return of French bases. Capital Markets: From November 1, CEMAC issuers can raise more than CFA20 billion through private placements, but each issuer is limited to two placements in any 24-month period. The change could widen financing options for businesses, including in Chad. Development Finance: Chad and the Islamic Development Bank discussed potential financing for transport, water, agriculture, energy and other priorities, as well as private-sector development and trade. No funding commitments were announced. Payments: Older CFA franc coins lose legal-tender status across CEMAC on November 1. Holders can exchange them through October 31, 2027, with banks and microfinance institutions participating until July 31. Food Security: A UN report warns that conflict, economic shocks and climate hazards are worsening hunger across the region; it describes Chad as highly vulnerable to extreme weather and host to a large refugee population.

France–Chad Ties: A new defence declaration sets out cooperation in training, expertise, industry and technology, but announces neither a return of French bases nor a weapons purchase. Capital Markets: CEMAC has removed the CFA20 billion cap on private placements, giving companies more room to raise funds; each issuer is limited to two placements in any 24-month period from November 1. Development Finance: Talks between Chad and the Islamic Development Bank explored financing for transport, water, agriculture, energy and other priorities, with a focus on preparing projects for implementation. Payments: Five older CEMAC coin series lose legal-tender status on November 1. Holders can exchange them through October 31, 2027, with exchanges moving to BEAC branches from August.

Capital Markets: CEMAC will remove the CFA20 billion cap on private placements from November 1, giving companies more room to raise funds. Issuers will be limited to two placements in any 24-month period. Development Finance: Chad and the Islamic Development Bank discussed financing for transport, water, agriculture, energy and other priorities, with talks also covering private-sector growth and trade. No specific funding commitments were announced. France Partnership: A new defence cooperation framework includes training, industry and technology, but does not announce arms purchases or a return of French bases. Currency: Five older CFA franc coin series will stop being legal tender across CEMAC on November 1. Holders can exchange them through October 31, 2027.

Capital Markets: CEMAC has removed the CFA20 billion ceiling on private placements, giving companies more room to raise funds from qualified investors from November 1. Issuers will be limited to two placements in any 24-month period. Development Finance: Chad and the Islamic Development Bank discussed financing for transport, water, agriculture, energy and other priorities, with a focus on preparing projects and mobilising concessional and blended funding. France Partnership: A new agreement sets out cooperation with France on military training, expertise, defence industry and technology, but does not announce new weapons purchases or a return to permanent French bases. Currency: Five older CFA franc coin series will stop being legal tender across CEMAC on November 1. Holders can exchange them through October 31, 2027, with commercial banks and microfinance institutions participating until July 31.

Defence and Technology: Chad and France signed a new cooperation framework covering military training, expertise, defence industry and technology, after France completed its troop withdrawal in early 2025. The deal sets out cooperation but does not signal a return of French bases or announce new arms purchases. Development Finance: Chad and the Islamic Development Bank discussed funding priorities in transport, water, agriculture, energy and other sectors, building on the Chad Connection 2030 vision. Capital Markets: From November 1, CEMAC issuers can raise any amount through private placements, replacing the CFA20 billion cap; each issuer is limited to two placements in 24 months. Regional Trade: Chadian airline Royal Airways has opened a Douala–Bangui route, expanding links with N’Djamena and aiming to support commerce across the three countries.

Regional Capital: CEMAC has removed the CFA20 billion ceiling on private placements, giving companies more room to raise funds from qualified investors. Issuers will be limited to two placements in any 24-month period from November 1. Development Finance: Chad and the Islamic Development Bank discussed financing for transport, water, agriculture, energy and other priorities, with talks also covering private-sector growth and trade. Air Links: Chadian carrier Royal Airways has added a Douala–Bangui route, broadening connections that could support trade among Chad, Cameroon and the Central African Republic. Currency: Five older CFA franc coin series will cease to be legal tender across CEMAC on November 1; holders can exchange them until October 31, 2027. Defence Industry: Chad and France have formalised renewed cooperation in training, expertise, defence industry and technology, but announced no new arms purchase or return of French bases.

Capital Markets: From November 1, CEMAC issuers can raise more than CFA20 billion through private placements, but may make no more than two placements in any 24-month period. Development Finance: Chad and the Islamic Development Bank discussed financing for transport, water, agriculture, energy and other priorities, with a focus on preparing projects and mobilising concessional and blended funding. Regional Trade: Chadian carrier Royal Airways has launched Douala–Bangui flights, extending its network from N’Djamena and aiming to strengthen commercial links across the three countries. Currency: Five older CFA franc coin series lose legal-tender status across CEMAC on November 1; holders can exchange them through October 31, 2027. Reserves: BEAC approved a 2027–2030 plan to buy gold within the region, though it has not yet set purchase volumes or a start date.

France-Chad Ties: A new defence declaration names training, expertise, industry and technology as cooperation areas, but commits to neither a return of French bases nor a weapons purchase. Capital Markets: From November 1, CEMAC issuers can raise unlimited sums through private placements, but may make no more than two placements in any 24-month period. Development Finance: Chad and the Islamic Development Bank discussed financing for transport, water, agriculture, energy and other priorities, with a focus on preparing projects for investment. Regional Trade: Chadian carrier Royal Airways has opened a Douala–Bangui route, adding connections across Chad, Cameroon and the Central African Republic. Currency and Reserves: Five older CFA coin series lose legal-tender status on November 1, with exchanges available until October 31, 2027. BEAC also approved a 2027–30 plan to buy regional gold, but has yet to disclose purchase volumes or launch dates.

Defence and Industry: Chad and France have signed a renewed cooperation framework covering military training, expertise, defence industry and technology; it announces no new weapons deal or return of permanent French bases. Business Finance: CEMAC will remove the CFA20 billion cap on private placements from November 1, giving companies more room to raise capital, while limiting each issuer to two placements in 24 months. Development Funding: Chad and the Islamic Development Bank discussed financing for transport, water, agriculture, energy and other priorities, including private-sector development and trade. Regional Trade: Chadian carrier Royal Airways has opened a Douala–Bangui route, expanding connections alongside its Douala–N’Djamena flights. Payments and Reserves: Five older CFA coin series lose legal-tender status across CEMAC on November 1, with exchanges available through October 2027. BEAC has also approved a 2027–2030 plan to buy regional gold and diversify reserves.

France-Chad Cooperation: A new declaration sets out defence training, technology and industry cooperation, but announces no return of French bases or new arms purchase. Capital Markets: From November 1, CEMAC issuers can raise unlimited sums through private placements, but will be limited to two deals in any 24-month period. Development Finance: Chad and the Islamic Development Bank discussed funding projects in transport, water, agriculture and energy, alongside private-sector development and trade. Regional Payments: Five older CFA franc coin series lose legal tender status on November 1; holders can exchange them until October 31, 2027. Air Connectivity: Chadian carrier Royal Airways has launched a Douala–Bangui route, adding links intended to support regional trade. Reserves: BEAC approved a 2027–2030 plan to buy gold within CEMAC, though it has not yet set purchase volumes or a start date.

Defence Industry: Chad and France have signed a renewed cooperation framework covering military training, expertise, industry and technology, as the two countries work to reset ties. Development Finance: Chad and the Islamic Development Bank discussed potential financing for transport, water, agriculture, energy and other priorities, including private-sector development and trade. Currency: Five older CFA franc coin series lose legal tender status across CEMAC on November 1. Holders can exchange them until October 31, 2027, with exchanges moving to BEAC branches from August. Regional Trade: Chadian carrier Royal Airways has opened a Douala–Bangui route, adding connections to its Douala–N’Djamena service and aiming to boost regional commerce. Gold Reserves: BEAC approved a 2027–2030 plan to buy gold within CEMAC, seeking to diversify reserves; details on volumes and the start of purchases are pending.