Category Archives: Niger News
Economic Commission for Africa Chief urges stakeholders to deliver a ‘timely and meaningful’ Continental Free Trade Area
The Executive Secretary noted that by eliminating tariffs the CFTA can boost intra-African trade by 52% and that by reducing non-tariff barriers it can be doubled, benefiting African welfare to the tune of $22 billion
Lone German private investor on site ensures independent power supply
The U.S. Department of State warns U.S. citizens of the risks of travel to Niger due to terrorist activity, kidnappings, and high crime. The Department recommends U.S. citizens avoid travel to Niger’s border regions, particularly the Malian border area, the Libyan border area, the Diffa region, and Lake Chad Basin area because of activity by various extremist groups including al-Qa’eda in the Lands of the Islamic Maghreb (AQIM), the self-proclaimed Islamic State of Iraq and ash-Sham–Islamic State West Africa (ISIS-WA), ISIS-Greater Sahara (ISIS-GS), ISIS-Libya (ISIS-L), and Boko Haram. Due to security concerns and travel restrictions, the U.S. Embassy’s abilty to assist U.S. citizens in remote and rural areas is very limited. This replaces the Travel Warning dated April 11, 2017.
Wafacash and WorldRemit expand partnership to offer instant money transfers across West and Central Africa
Morocco-based financial services company Wafacash (www.Wafacash.com) is scaling up operations with leading digital money transfer service WorldRemit (www.WorldRemit.com) to offer instant money transfers across West and Central Africa.
The sixth meeting of the Continental Free Trade Area Negotiating Forum (CFTA-NF) was held from the 5th to 10th of June 2017, in Niamey, Niger, followed by the third meeting of the Senior Trade Officials (STO) and the African Ministers of Trade (AMOT) from 12th to 14th and 15th to 16th June 2017 respectively.
Infrastructural hurdles – especially road accessibility, makes it very difficult to offer aid to some hard to reach communities in Mauritania, Mali, and Niger. United Nations Humanitarian Air Services (UNHAS) under the management of the United Nations World Food Programme has therefore resorted to air transport as an effective means to get to these disadvantaged communities. In support of their work, the Government of Spain has donated 100,000 Euros to each of these nations – Mauritania, Mali, and Niger to aid the transport of very important light weight cargo, including medical supplies, specialized nutrition products, and telecommunications equipment form the countries capital’s to these remote locations. In addition, the funding will assist in frequent transport of humanitarian staff working for UN agencies and their partners, Non-Governmental Organizations, and also officials from donor countries and journalists to get to the vulnerable people in distant and unsafe locations.
Niger’s overall macroeconomic performance has remained satisfactory in 2016, despite the security and humanitarian shocks, the unfavorable commodity prices, and the reduction of trade flows to neighboring countries
IMF Executive Board Completes Eighth Review of Niger’s ECF Arrangement and Approves US$17.1 Million Disbursement
On July 11, 2016, the Executive Board of the International Monetary Fund (IMF) completed the eighth review of Niger’s economic performance under theprogram supported by an Extended Credit Facility (ECF) 1 arrangement. The completion of the review enables an immediate disbursement of SDR12.34 million, (about US$17.1 million), bringing total disbursements under the ECF arrangement to SDR 107.745 million (US$149.7 million).
Revitalisation of the Inter- African Coffee Organisation (IACO): Preparation of the 2017-2022 and Strategy and Institutional Review.