By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Yes AfricaYes Africa
  • Home
  • Economy
    EconomyShow More
    Nigeria to overhaul telecom sector with new $1 billion investment
    May 23, 2025
    Nigeria targets 300 billion revenue new bond auction
    May 23, 2025
    Nigeria’s external debt servicing grows by 50%, now $2.01 billion
    May 22, 2025
    Uganda signs new $800 million financing deal with Islamic Development Bank
    May 22, 2025
    Haier to set up assembling hub in Kenya by 2026
    May 22, 2025
  • Technology
    TechnologyShow More
    How mobile money is driving growth in Africa
    May 21, 2025
    Nigeria set to rollout $2bn fibre network in Q4 2025
    May 20, 2025
    Vodacom pursuing joint fibre ventures in Africa broadband push
    May 20, 2025
    China to establish new Electric Vehicle factories in Nigeria
    May 20, 2025
    CBN launches new digital platform for Nigerians in diaspora
    May 19, 2025
  • Africa Development
    Africa DevelopmentShow More
    Nigeria to overhaul telecom sector with new $1 billion investment
    May 23, 2025
    Nigeria targets 300 billion revenue new bond auction
    May 23, 2025
    Nigeria’s external debt servicing grows by 50%, now $2.01 billion
    May 22, 2025
    Uganda signs new $800 million financing deal with Islamic Development Bank
    May 22, 2025
    Haier to set up assembling hub in Kenya by 2026
    May 22, 2025
Search

Archives

  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024

Categories

  • Africa Development
  • Economy
  • Technology
  • Privacy Policy
  • Advertise
  • Careers
  • About Us
  • Contact
© 2024 YesAfrica Company. All Rights Reserved.
Reading: Niger seeks Russian investment in Uranium and other natural resources
Share
Sign In
0

No products in the cart.

Notification Show More
Aa
Yes AfricaYes Africa
0
Aa
  • Economy
  • Africa Development
  • Technology
Search
  • Home
  • Technology
  • Africa Development
  • Economy
  • Bookmarks
Have an existing account? Sign In
Follow US
  • Privacy Policy
  • Advertise
  • Careers
  • About Us
  • Contact
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Yes Africa > Blog > Africa Development > Niger seeks Russian investment in Uranium and other natural resources
Africa DevelopmentEconomy

Niger seeks Russian investment in Uranium and other natural resources

Oluwatobi Adebayo
Last updated: 2024/11/15 at 9:17 AM
Oluwatobi Adebayo
Share
2 Min Read
SHARE

Niger has invited Russian firms to invest in uranium mining and other natural resources as part of a strategic pivot away from its long-standing ties with France.

This was made known by the Mining Minister, Ousmane Abarchi, who said, “We have already met with Russian companies that are interested in coming to explore and exploit Niger’s natural resources… not only uranium”.

This shift comes after relations soured with the French government and nuclear company Orano, which halted the production of uranium in Niger.

The deteriorating relationship followed the July 2023 military coup in Niger, which led to the ousting of President Mohamed Bazoum and the installation of a junta that is now seeking alternative international partnerships.

- Advertisement -

According to Ousmane Abarchi, discussions with Russian companies interested in exploring and extracting Niger’s resources are already underway. This move aligns with the junta’s intentions to recalibrate Niger’s foreign investment policies, focusing on greater national control over its mineral wealth.

Abarchi’s statements indicate that Niger is unlikely to permit French companies to continue operations, as French authorities have openly refused to recognize the new regime.

This recent development underscores a broader shift across West Africa, where nations are rethinking their reliance on former colonial powers, especially France, and are instead seeking alliances with Russia and other global actors.

As the world’s seventh-largest uranium producer, Niger’s resource potential is significant, particularly at sites like the Imouraren deposit, which has been a major focus of French investment through Orano. However, with the military government’s recent suspension of Orano’s permit and the closure of the Niger-Benin border, exporting uranium to France has become unviable.

Beyond mining, Niger is expanding its cooperation with Russia to include technological advancements. A recent agreement with Russian company Glavkosmos aims to enhance Niger’s security capabilities through the acquisition of satellite technology.

- Advertisement -

This collaboration, which will provide Niger with high-altitude satellites for remote sensing and national defense, further signals the country’s increasing reliance on Russia for strategic support.

TAGGED: niger, Trending News
Share this Article
Facebook Twitter Copy Link Print
Share
Previous Article Nigeria plans to raise ₦120 billion in November 2024 bond
Next Article Kenya Capital Markets Board approves six new funds

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe
- Advertisement -

Latest News

Nigeria to overhaul telecom sector with new $1 billion investment
Africa Development Economy May 23, 2025
Nigeria targets 300 billion revenue new bond auction
Africa Development Economy May 23, 2025
Nigeria’s external debt servicing grows by 50%, now $2.01 billion
Africa Development Economy May 22, 2025
Uganda signs new $800 million financing deal with Islamic Development Bank
Africa Development Economy May 22, 2025
//

We influence 20 million users and is the number one business and technology news network on the planet

Yes AfricaYes Africa
Follow US

© 2024 YesAfrica. All Rights Reserved.

  • Privacy Policy
  • Advertise
  • Careers
  • About Us
  • Contact
Welcome Back!

Sign in to your account

Register Lost your password?