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harvests supported the economy in the past, low oil prices now stress Chad’s fiscal position and have resulted in signif- icant government cutbacks. Chad relies on foreign assistance and foreign capital for most of its public and private sector investment.
The services sector contributes less than one-third of GDP and has attracted for- eign investment mostly through telecom- munications and banking.
Chad also have so many tourist attrac- tions. Here are a few you must see if you ever visit the country:
Fossil tree of Pala - Found in the town of Pala South of Chad, the fossils trees are portions of tree trunks that have over the years transformed into rocks. This usually takes decades to thousands of years. Brief periods of rapid sedimentation favour their formation.
Zakouma National Park - Zakouma National Park is in the south between
the towns of Am Timan and Sarh. It was the first national park in Chad, and it is almost 3,000 square kilometres. You can see huge herds of elephants and giraffes in the park. You can also see lions in their natural habitat. Zakouma National Park also has 226 documented bird species
for the bird watchers.
Lake Chad - Lake Chad was once the centre of Africa’s salt trade and one of the largest freshwater lakes in the world. But if you want to see it, then you have to come soon because it is shrinking. The best time to visit is between August and December when the water level is at its highest. You can even see hippos and crocodiles here.
Ennedi Desert - The Ennedi Desert used to be underwater, so it has many rock formations and sea arches. It is in the Sahara Desert of north-eastern Chad. The desert contains prehistoric cave paintings from the past. It also has small, hidden, blue-green desert lakes and slot canyons to explore.
Lake Ounianga - Lake Ounianga in Chad has been inscribed on the World Heritage list. The Lakes of Ounianga are a series of lakes in the Sahara Desert, in North-Eastern Chad, occupying a basin in the mountains of West Tibesti and Ennedi East. It was added as a UNESCO World Heritage site in 2012. According to the UNESCO description, the lakes are in a hot and hyperarid desert that features a rainfall of less than 2 millimetres (0.1
in) a year. The lakes exhibit a variety of
sizes, depths, chemical compositions and colorations.
Lofty Heights Attained...
Since inception in 2009, UBA Chad has been very active in the social, health, economic and educational devel- opment of the country by financing
and participating major development projects. UBA Chad has contributed to the growth of the Chadian economy through financing infrastructure, oil and gas, and power projects which are criti- cal levers in sustainable development. Its positioning as a pan African bank with a global presence has given UBA this edge over the other banks.
In February 2011, with barely 2 years of operation, UBA Chad financed Cotton Chad, the second highest employer in Chad after the government to the tune of about 12 million dollars, contributing directly to the job-creation objectives
of the government, industrialization and diversification of the economy. This was the commencement of greater achieve- ments for UBA. From this deal, the young- est but mighty UBA started stamping its footprints firmly in the Chadian banking
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