Niger Govt Approves Over $424m in Investments, Nearly 3,000 Jobs to Be Created

President of the Republic of Niger, General Abdourahamane Tchiani, has signed a series of decrees approving over 246 billion FCFA (approximately $424m) in investments across key sectors of the economy.

The agreements, granted under the Conventional Investment Code Regime, were awarded to five companies operating in industries ranging from energy and manufacturing to pharmaceuticals and industrial infrastructure.

According to government officials, the projects are expected to generate 2,978 permanent jobs, in addition to numerous temporary positions over the next five years. The investments aim to stimulate national economic growth, reduce dependency on imports, and improve Niger’s trade balance.

List of Approved Projects:

GCM INDUSTRIE NIGER-SA (Niamey): Specialising in rebar manufacturing, this project will create 86 permanent jobs with an investment of 13.16 billion FCFA.

AL AMAN INTERNATIONAL SARL (Zabori, Dosso): Focused on electricity production, the company will invest 66.81 billion FCFA and provide 23 permanent jobs.

HUA HANG KOGARI PHARMACEUTICAL-SA (Karma, Tillabéri): This pharmaceutical production facility will employ 86 people permanently, with an investment of 8.71 billion FCFA.

AIGLE D’AFRIQUE SARL (BARTCHAWAL, Kollo): A detergent manufacturing plant creating 93 permanent jobs through a 3.39 billion FCFA investment.

HUNAN XIANGFEI WANRUN INTERNATIONAL TRADE NIGER SARLU (N’DOUNGA, Tillabéri): The largest of the projects, this initiative involves the construction and operation of an industrial park, promising 2,690 permanent jobs and an investment of 154.52 billion FCFA.

source: AESInfo

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