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Chad
Glencore appoints advisers for debt relief talks with N'Djamena

Chad's biggest creditor, oil trading house Glencore, has enlisted an advisory bank to guide it through talks on restructuring N'Djamena's debt under the aegis of the Paris Club. [...]

Published on 08/11/2021 at 06:00 GMT Reading time 2 minutes

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Commodity traders, Politics

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G20
Glencore
Houlihan Lokey
Newstate Partners
Rothschild
Rusal

Chad
Glencore continues to sell its oil while waiting for its debt to N'Djamena to be restructured

In February, the Swiss group made a proposal to restructure its loan to N'Djamena. However, until an agreement has been reached with Chad, facilitated by Minister Djerassem Le Bemadjiel who is acquainted with the Swiss group, the latter will continue to pay itself back in kind.

Subscribers only Energy, Commodity traders 02.05.2022

Chad
How Glencore will avoid paying a parting bonus to its employees with the Perenco takeover

By deciding on a share sale to Perenco rather than an asset sale, Glencore will not have to pay any compensation to its employees, whose employment rights will likely remain unchanged.

Subscribers only Energy 19.01.2022

Egypt
QatarEnergy enjoys easing of relations with Cairo to invest alongside Shell

Nearly a year after the end of the blockade, the Qatari group has at last been given the green light to invest in Egypt's offshore after a four year hiatus, against the backdrop of the Gulf crisis.

Subscribers only Energy 03.01.2022

Qatar energy minister and CEO of Qatar Energy Saad Sherida al-Kaabi.

Chad
Who is controlling the oil since Déby's death?

The political void created by the death of the president and patriarch Idriss Déby has enabled new players to take in hand the most lucrative sector of the local economy.

Subscribers only Energy 02.12.2021

Congo
Pastor Ntumi reshuffles party for legislative elections

Frederic Bintsamou, otherwise known as 'Pastor Ntoumi', is putting his party in order for the 2022 legislative and local elections.

Subscribers only Politics 09.11.2021

Chad
Thales and Safran reluctantly prospect in Chad against stiff Turkish competition

The French defence giants, encouraged by Paris, have offered to sell surveillance drones to the Chadian army. But they are put off by N'Djamena's disastrous finances and are keenly aware that they could lose out to Turkey as "Kaka" and Erdogan grow closer.

Subscribers only Defence, Business 04.11.2021

Chad
N'Djamena's forced march to settle its debt

Chad is scrambling to resolve the issue of its sovereign debt as quickly as possible before having to pay any further interest, which was suspended for almost two years due to the Covid-19 pandemic.

Free access Business 12.10.2021

Chad
Kaka's Doha task force to focus on Erdimi, Glencore, embassy

The visit of Chad's interim president to Doha last week sped up the appointment of officials to the Chadian embassy there, which in recent years had been run by a chargé d'affaires. With many topics to cover, the embassy is likely to be busy over the next few months.

Subscribers only Diplomacy 22.09.2021

Chad's transitional president Mahamat Idriss Déby (centre) is greeted by Qatar's Emir Tamim bin Hamad al-Thani upon his arrival in Doha on 12 September 2021.

Central Africa, Chad, Congo
Glencore's two-speed debt talks with Chad and Congo

A creditor of both N'Djamena and Brazzaville, the oil trading giant is facing two very different situations. In Chad, which is seeking debt relief under the terms of the G20's "common framework", Glencore will have to accept the terms negotiated by the country's sovereign creditors.

Subscribers only Politics 08.09.2021

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G20
Glencore
Houlihan Lokey
Newstate Partners
Rothschild
Rusal

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Chad
Glencore appoints advisers for debt relief talks with N'Djamena

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Set up email notifications for these topics

Chad
Glencore continues to sell its oil while waiting for its debt to N'Djamena to be restructured

Chad
How Glencore will avoid paying a parting bonus to its employees with the Perenco takeover

Egypt
QatarEnergy enjoys easing of relations with Cairo to invest alongside Shell

Chad
Who is controlling the oil since Déby's death?

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Thales and Safran reluctantly prospect in Chad against stiff Turkish competition

Chad
N'Djamena's forced march to settle its debt

Chad
Kaka's Doha task force to focus on Erdimi, Glencore, embassy

Central Africa, Chad, Congo
Glencore's two-speed debt talks with Chad and Congo

Chad
Glencore tries yet again to sell off Chad assets

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China and G20 clash again over Africa's debt, this time about cancellation

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Qatar's discreet game plan behind Glencore-Deby deal

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Chad Glencore appoints advisers for debt relief talks with N'Djamena

This article may be accessed by subscribers

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create a free account

Set up email notifications for these topics

Chad Glencore continues to sell its oil while waiting for its debt to N'Djamena to be restructured

Chad How Glencore will avoid paying a parting bonus to its employees with the Perenco takeover

Egypt QatarEnergy enjoys easing of relations with Cairo to invest alongside Shell

Chad Who is controlling the oil since Déby's death?

Congo Pastor Ntumi reshuffles party for legislative elections

Chad Thales and Safran reluctantly prospect in Chad against stiff Turkish competition

Chad N'Djamena's forced march to settle its debt

Chad Kaka's Doha task force to focus on Erdimi, Glencore, embassy

Central Africa, Chad, Congo Glencore's two-speed debt talks with Chad and Congo

Chad Glencore tries yet again to sell off Chad assets

Africa China and G20 clash again over Africa's debt, this time about cancellation

Spotlight | Chad Qatar's discreet game plan behind Glencore-Deby deal

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Senegal
Guns and oil drive Russia's Dakar courtship

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Chad
Glencore appoints advisers for debt relief talks with N'Djamena

Chad
Glencore continues to sell its oil while waiting for its debt to N'Djamena to be restructured

Chad
How Glencore will avoid paying a parting bonus to its employees with the Perenco takeover

Egypt
QatarEnergy enjoys easing of relations with Cairo to invest alongside Shell

Chad
Who is controlling the oil since Déby's death?

Congo
Pastor Ntumi reshuffles party for legislative elections

Chad
Thales and Safran reluctantly prospect in Chad against stiff Turkish competition

Chad
N'Djamena's forced march to settle its debt

Chad
Kaka's Doha task force to focus on Erdimi, Glencore, embassy

Central Africa, Chad, Congo
Glencore's two-speed debt talks with Chad and Congo

Chad
Glencore tries yet again to sell off Chad assets

Africa
China and G20 clash again over Africa's debt, this time about cancellation

Spotlight | Chad
Qatar's discreet game plan behind Glencore-Deby deal