Good morning everyone!
I’m
back to write some interesting facts of Chad, the country that we visit this
week. It’s our second week in Africa and
we just left Libya behind us. Libya was the first African country that I
visited. It was a nice experience and the locals where very hospitable.
Chad, officially known as the republic of Chad and sometimes referred to
as the “Dead Heart of Africa", due to distance from the sea and its
largely desert climate, is located in north-central Africa. Chad is the seventh
poorest country in the world according to The United Nations' Human Development Index. More than 80% of the population is living below the poverty line.
Chads’ currency is CFA franc and the country is part of
the Bank of Central African States, the Customs and Economic Union of Central Africa (UDEAC) and the Organization for the Harmonization of Business Law in Africa.
Before the development of oil industry, cotton
dominated the industry and the labour market accounted for approximately 80% of
export earnings. The Oil production began in 2003 which The World Bank provided money to pump up the oil on condition that 80% of
oil revenues where spent on development projects. This went smoothly until
2005. On July 14, 2006, The World Bank
and the Chadian government reached an agreement in which 70% (as opposed to
80% previously) would go to poverty reduction
measures, and the government would receive 30%.
Chad also has some profitable industries other
than oil. Like many lesser developed countries in Africa, the agricultural
sector is important. While agriculture only supplies 21%
of the GDP, it employs nearly four fifths of the total workforce.
Michiel is asking
for me to come. The jeep is waiting for me; we are ready to go on safari. We
are going to the Zakouma National
Park which is best known for its elephant population. I can’t wait to see an
elephant in its natural habitat!
See you within two
weeks!
Sources:
- http://en.wikipedia.org/wiki/Chad
- http://gatton.uky.edu/GSRP/Downloads/Issues/Spring2010/The%20Republic%20of%20Chad%20An%20Economic%20Analysis.pdf
- http://www.zakouma.com/frances/frances.html
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