Amanze Chinonye
UBA Group has reaffirmed its role as a key financier of Africa’s infrastructure and industrial growth, pledging over $102 million in direct investments in Chad during the UAE-Chad Trade & Investment Forum.
Speaking at the event, the bank’s representative framed the investment as part of Chad’s $30 billion “Chad Connection 2030” plan, a portfolio of 268 projects aimed at electrification, water provision, and industrial expansion.
The forum, themed “Financing African Competitiveness – Building Bridges, Powering Progress,” gathered investors, development finance institutions, and corporate leaders to explore opportunities in Africa’s fastest-growing sectors.
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According to the keynote, UBA’s investments in Chad include a $49 million domestic gas project, a $6.7 million wind farm in Amdjarass, and funding for road and telecom infrastructure. These commitments complement the bank’s continental track record, including:
- $400 million in Tanzania’s Julius Nyerere Hydropower Project
- $700 million in Nigeria’s power sector and the $10 billion Dangote Refinery syndication
- $315 million in Ghanaian road infrastructure
UBA stressed that financing Africa’s competitiveness is not about charity but strategic investment. The keynote highlighted that while Africa holds $4 trillion in domestic financial assets, less than 15% are currently channeled into productive infrastructure, a gap that structured investment and local expertise can close.
Key business opportunities in Chad identified by UBA include:
- Public-private partnerships (PPPs) for solar and water infrastructure
- Syndicated loans and project finance to connect Chad to regional energy grids
- Digital financial platforms supporting e-tax and e-registry initiatives
“Chad Connection 2030 is a portfolio of bankable projects,” the keynote said, noting that UBA is leveraging its experience in 20 African countries and global financial centers including Dubai to structure deals that de-risk investment and mobilize capital at scale.
Looking ahead, with UBA’s $102 million commitment and the structured roadmap of Chad Connection 2030, investors are being presented with a clear signal that Chad is positioning itself as a strategic hub for regional economic growth.
As the forum continues with a panel on Attractiveness, Industrialization, Water, and Electricity, moderated by Ms. Laura Buckwell, stakeholders are expected to explore actionable investment opportunities that could accelerate the nation’s transformation.
Amanze Chinonye is a Staff Correspondent at Prime Business Africa, a rising star in the literary world, weaving captivating stories that transport readers to the vibrant landscapes of Nigeria and the rest of Africa. With a unique voice that blends with the newspaper's tradition and style, Chinonye's writing is a masterful exploration of the human condition, delving into themes of identity, culture, and social justice. Through her words, Chinonye paints vivid portraits of everyday African life, from the bustling markets of Nigeria's Lagos to the quiet villages of South Africa's countryside . With a keen eye for detail and a deep understanding of the complexities of Nigerian society, Chinonye's writing is both a testament to the country's rich cultural heritage and a powerful call to action for a brighter future. As a writer, Chinonye is a true storyteller, using her dexterity to educate, inspire, and uplift readers around the world.
