• About
  • Advertise
  • Contact
Saturday, May 10, 2025
Manhattan Tribune
  • Home
  • World
  • International
  • Wall Street
  • Business
  • Health
No Result
View All Result
  • Home
  • World
  • International
  • Wall Street
  • Business
  • Health
No Result
View All Result
Manhattan Tribune
No Result
View All Result
Home Business

Niger ascends against foreign companies by confiscating equipment and closing offices news

manhattantribune.com by manhattantribune.com
9 May 2025
in Business
0
Niger ascends against foreign companies by confiscating equipment and closing offices news
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


On Monday, the security forces in Niger launched an attack on the offices of “Samir”, “Kominak” and “Urano Mining Niger” in the capital, Niamey, where the equipment was confiscated and the sites were closed in front of the employees.

This escalation comes within the framework of the ongoing tensions between the French Urano group, which was previously known as “Arva” and the Nigerian military government.

One of the uranium mines in the Arlit area of ​​Niger (Reuters)

Relations between the two parties have witnessed a remarkable deterioration over the past months, due to Niger’s desire to regain control of its natural resources, especially the uranium, which has been extracted for a long time by foreign companies without achieving concrete benefits for the local population.

Urano in the face of many challenges

This attack represents a sharp escalation in the existing conflict, as the Urano Group said it has become unable to communicate with its local representative after the intervention of the security forces, which reflects a state of ambiguity and confusion over the decisions taken by the Nigerian authorities.

It is noteworthy that the situation has exacerbated since the end of 2024, when Urano began to suffer from great restrictions in her ability to follow its operations in Niger, as its subsidiaries are no longer subject to its direct management.

The Nigerian government also withdrew the operating license from the “Imorine” project, one of the most important sites that was run by Urano, which added more complexity to the situation.

Niger Map (Al -Jazeera)

Significant losses and economic repercussions

Urano faces, along with the loss of control over operations, another problem is that there are about 1,300 tons of raw uranium centers stored in the “Samir” site, which is valued at about 250 million euros, which disrupts the flow of revenues and increases pressure on the company.

This crisis increased the complexity of the economic situation of the company, which was largely dependent on its activities in Niger.

Also, these developments come at a time when the global geopolitical sector is witnessing major changes, as the military regime in Niger seeks to reduce French influence in the country and enhance its relations with other countries such as Russia and Iran.

The conflict between Urano and Niger appears to reflect the beginning of a new stage in how to manage natural resources in Africa.

Despite the ambiguity of the future, this crisis remains a milestone in the history of relations between African countries and Western companies, and it may constitute a model for other countries that seek to enhance their economic sovereignty and regain control of their natural wealth.

Tags: ascendsClosingcompaniesconfiscatingequipmentforeignNewsNigeroffices
Previous Post

What are the reasons for the high tax revenues in Egypt? What is its effect on the citizen? | economy

Next Post

The Trump administration wants to speed up the deals with Gulf wealth boxes Economy news

Next Post
The Trump administration wants to speed up the deals with Gulf wealth boxes Economy news

The Trump administration wants to speed up the deals with Gulf wealth boxes Economy news

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Category

  • Blog
  • Business
  • Health
  • International
  • National
  • Science
  • Sports
  • Wall Street
  • World
  • About
  • Advertise
  • Contact

© 2023 Manhattan Tribune -By Millennium Press

No Result
View All Result
  • Home
  • International
  • World
  • Business
  • Science
  • National
  • Sports

© 2023 Manhattan Tribune -By Millennium Press