en
en
Bitcoin
21,494
Bitcoin
$ 21,571
Bitcoin
21,494

Small scale business in N’Djamena loose 6 billion FCFA to Covid 19

It is undeniable that the health crisis has impacted the Chadian economy. But to what degree? To this question, we consulted an evaluation report of the commercial activities and services carried out by the Chamber of Commerce of Chad.

With the announcement of the Covid-19 pandemic, the Chadian government shut down several commercial and service sectors to limit the spread of the coronavirus.

A measure that resulted in a shortfall for commercial activities and services to a value of 6,780,0122,500 CFA francs for the month of April 2020. According to the evaluation analysis of economic activities carried out by the Chamber of Commerce, industry, agriculture, mines and crafts (Cciama), this loss only concerns the Chadian capital, N’Djamena.

According to the Chamber of Commerce document, the country’s 22 provinces, in addition to N’Djamena, total a fall of 3,352,331,250 CFA francs. This makes a total of 10,132,343,750 FCFA at the national level.

This loss assessed by the chamber of commerce only concerns small shops and services in the country. It could considerably increase with the accumulation of those of large companies. The same document specifies that the year 2020 is a deficit for the Chadian economy.

This situation, caused by the Covid-19 pandemic, will inevitably leave Chadian companies in the dark. But what will happen after covid-19?