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Country Profile: Chad
Fact FileCapitalN'DjamenaOther CitiesBatha, Lac, Mandoul, SIla, Tibesti, Wadi Fira, Ennedi, Barh El GazelOfficial languagesFrench, ArabicAreaTotal 1,284,000 km2Population(2009est) 10,780,600CurrencyCFA Franc |
Overview
Chad, also known as the Republic of Chad, is a landlocked country in central Africa. It is bordered by Libya to the north, Sudan to the east, the Central African Republic to the south, Cameroon and Nigeria to the southwest, and Niger to the west. Chad is referred to as "The Heart of Africa" because of its central location in the continent.
Business and Economics
Chad is currently a country member of the Bank of Central African States, Customs and Economic Union of Central Africa and the Organization for the Harmonization of Business Law in Africa. Furthermore, starting in 2000, an oil industry project was started, mainly by foreign investment, and this has had a tremendous effect on Chad's economy.
Agriculture
Chad relies heavily on agriculture and particularly livestock for its well being economically. Nearly 85% of the total workforce of Chad works in the agricultural sector, making it an extremely important aspect of their economy. Before the oil project had begun in 2000, cotton was the chief export of Chad, accounting for nearly 90% of export income. Cotton is still an important factor in their economy, but foreign investment from France, Germany and The Netherlands has made the oil industry more lucrative for Chad in recent years.
Climate Change Effects
Since Chad is a landlocked country in the heart of Africa, water is already scarce for many of its citizens and the effects of global warming and climate change have only made these problems worse. The increasing temperatures, particularly near the Sahara Desert, are destroying the farm land and having a negative effect on their agricultural industry. This has propmted Chad to undergo research in order to better understand and possibly control the effects of climate change and global warming.
Future Outlook
In the future, Chad looks to expand its traditional agricultural industry, as well as newer industries, such as its multi-billion dollar oil industry projects. This will continue to be beneficial for Chad, as it already has been so far. Chad understands that oil is a fuel of the past as well, and that in order to flourish in the future, they must discover new forms of fuel. This has propelled Chad to undergo research into other forms of renewable energy, such as wind, solar and hydroelectric.
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