Niger approves $400 million investment projects, promising nearly 3,000 jobs in economic push

Niger’s transitional government has given the green light to over 246 billion CFA francs (approximately $400 million USD) in new private-sector investments, paving the way for nearly 3,000 permanent jobs and positioning the country for an economic lift across multiple industries.

The decrees, signed by President General Abdourahamane Tiani, grant key investment incentives under Niger’s Conventional Investment Code to five companies engaged in sectors ranging from energy and pharmaceuticals to steel manufacturing and industrial development.

In total, the projects are projected to create 2,978 permanent jobs, with many more temporary roles expected during the first five years of operations.

The investment push is part of Niger’s broader economic strategy to stimulate domestic production, reduce reliance on imports, and improve the national trade balance.

Here is a breakdown of the five approved projects:

1. GCM Industrie Niger-SA (Niamey)

   • Sector: Steel manufacturing (rebar production)

   • Investment: 13.16 billion FCFA

   • Jobs Created: 86 permanent positions

2. Al Aman International SARL (Zabori, Dosso)

   • Sector: Electricity production

   • Investment: 66.81 billion FCFA

   • Jobs Created: 23 permanent positions

3. Hua Hang Kogari Pharmaceutical-SA (Karma, Tillabéri)

   • Sector: Pharmaceutical production

   • Investment: 8.71 billion FCFA

   • Jobs Created: 86 permanent positions

4. Aigle d’Afrique SARL (Bartchawal, Kollo)

   • Sector: Detergent manufacturing

   • Investment: 3.39 billion FCFA

   • Jobs Created: 93 permanent positions

5. Hunan Xiangfei Wanrun International Trade Niger SARLU (N’dounga, Tillabéri)

   • Sector: Industrial park construction and operation

   • Investment: 154.52 billion FCFA

   • Jobs Created: 2,690 permanent positions

The approved investments are being hailed as a major step in addressing unemployment, particularly among young people, while accelerating the transformation of Niger’s economy.

“This is about building a self-reliant and job-rich economy,” an official source said.

The government views the move as not just a financial boost but a long-term strategy to deepen industrial capacity and create sustainable livelihoods in a country facing steep economic and security challenges.