Niger Financial News

Listed uranium junior Alligator Energy, whose shares are up nearly 70 per cent year to date, held investor meetings last week in what fund managers reckon was a warm-up session for an impending cash call.

With dozens of world leaders descending upon New York for the United Nations General Assembly’s annual gathering, global problems are showing up fast and thick at the world body’s door — with no solutions in sight. And many countries are starting to look elsewhere to do something about them. The UN, once the central forum for trying to solve geopolitical disputes, is increasingly on the sidelines of the new global politics, unable to keep up with the array of shocks, crises and coups that seem to be fracturing the world.

Berkeley Earth, which focuses on environmental data science and analysis, said last month was the warmest August since records began to be kept in 1850, with «particularly warm conditions» prevailing in parts of India, Japan, North Atlantic, Eastern Equatorial Pacific, Northern South America, Central America, parts of Africa and the Middle East. The National Oceanic and Atmospheric Administration (NOAA), a US government agency, said on Thursday that 2023 witnessed Earth's hottest August in its 174-year climate record. The sizzling month also marked the northern hemisphere's warmest meteorological summer and the southern hemisphere's warmest meteorological winter on record, the NOAA's National Centres for Environmental Information said. Berkeley Earth said August 2023 exceeded the previous record set in August 2016 by 0.31 degrees Celsius, «a surprisingly large margin, well outside the margin of uncertainty». Its researchers said: «We estimate that 13 per cent of the Earth's surface experienced its locally warmest August average, and 87 per cent of the Earth's surface was significantly warmer when compared to its local average during the period from 1951 to 1980.» In total, they estimated that 65 countries (mostly in the tropics) witnessed their warmest August on record. These countries include Bahrain, Barbados, Brazil, Cambodia, Cameroon, Chad, China, Colombia, Cuba, Iran, Iraq, Japan, Kenya, Mexico, Morocco, Niger, Panama, Peru, the Philippines, Qatar, Russia, Rwanda, Saudi Arabia, Sri Lanka, Sudan, Suriname, Turkiye, Venezuela and Yemen. Some of these countries broke their August records by extraordinary margins.

The price of uranium surged to its highest price in 12 years amid fears of a supply crunch instigated by a coup in Niger, and Canadian miner Cameco’s decision to curtail production, just as demand for the commodity is poised to increase.

A renaissance for the nuclear-power industry has run into a problem: Prices have soared for the radioactive uranium required to fuel reactors in the decades ahead. New reactors have connected to the grid in the U.S., Asia and Europe, while the lifetime of existing plants has been extended. Japan is bringing power stations that were closed after the 2011 Fukushima disaster back online.

(This Sept. 7 story has been corrected to fix AFC's ownership structure based on updated guidance from the AFC in paragraph 3)

The era of France’s arm-twisting interventionism in Africa may finally be over

Ali Bongo's third-term victory in a disputed election. The military intervention, marking the eighth such instance in West and Central Africa since 2020, has raised concerns about the erosion of democratic progress in the region. With echoes of recent military takeovers in nearby countries like Mali, Guinea, and Burkina Faso, the situation highlights the fragility of political stability and the complex challenges facing the African continent.

Gabon coup: A group of senior military officers in Gabon claimed they had seized power in the early hours of Wednesday. This came minutes after the Central African state's election body announced that President Ali Bongo Ondimba, 64, was declared winner of an election marred by fears of violence. As per media reports, The officers claimed to speak for all of Gabon's security and military forces on the television station Gabon 24.

leadership of the country brings forward must be stopped. They have forgotten the word justice, and we will return it," Prigozhin said in an audio recording posted on Wagner’s social media on June 23. “Anyone attempting resistance will be considered a threat and immediately destroyed." The Wagner leader’s public appearances had been scant since he abandoned his insurrection on June 24 and was filmed leaving the southern Russian city of Rostov.

West African powers, saying they had been overwhelmed by the numbers who turned up. Thousands of mostly young men had massed outside a stadium in the capital Niamey hours before the scheduled start-time of the event - a sign of the strong support in some quarters for the junta, which has defied international pressure to stand down after the July 26 ouster of President Mohamed Bazoum. "In all our calculations and our understandings, we never thought we could mobilize (this number of people)," said Younoussa Hima, co-organiser of the initiative dubbed "The Mobilisation of Young People for the Fatherland." "So it is really difficult for us today to do this work.

Ranil Wickremesinghe on Saturday highlighted the need for a comprehensive review of Sri Lanka's national security strategy to chart a course devoid of entanglement in the emerging international rivalries and maintain neutrality in the Indian Ocean region. The review will include a broad range of factors, emerging economic trends and the impacts of climate change, Wickremesinghe said, addressing a Naval gathering in the southern district of Galle. The President has already appointed a team led by a retired Major General to report to the National Security Council for formulating contemporary security policies.

Niamey court has overturned a nine-month prison sentence that had been imposed on Abdoulaye Seydou, the head of the prominent activist group M62, which had been supporting the ruling military faction. The decision was welcomed by Seydou's associates. Only last month, the landscape of Niger underwent a dramatic transformation when members of the presidential guard staged a coup, wresting control from the existing authorities. This sudden takeover marked a significant disruption in the country's political fabric.

Niger’s military officer and chief of presidential guard General Abdourahamane Tchiani carried out a coup and ousted President Mohamed Bazoum from power just a few days after China’s Ambassador to the West African country Jiang Feng met him to discuss building of an industrial park in the capital Niamey in what is a lesser-known fact. The proposed industrial park, it is said, will have a significant impact on sectors like food, manufacturing, mining, and real estate of Niger.

ABUJA (Reuters) -West Africa's ECOWAS bloc aims to send a parliamentary committee to Niger to meet coup leaders who took power last month and have so far resisted diplomatic pressure to restore civilian rule, a parliament spokesperson said on Saturday.

ALSO READ: Niger coup-backers protest at French base as regional force mulls intervention “There is only one option, accepting the regime or war," AP quoted Saidou as saying, who added, “It is finished for Bazoum, you must forget about him. It is finished, it is a waste of time trying to restore him. It is not possible," he said.

ANI, said, "Government of India is closely monitoring ongoing developments in Niger. In light of the prevailing situation, Indian nationals whose presence is not essential are advised to leave the country as soon as possible. They may bear in mind that airspace is currently closed.

A decision by a bloc of West African nations to shut down their borders with Niger as a way of sanctioning its coup plotters is harming local businesses in northern Nigeria, where a cross-border economy has boomed for years

Mohamed Bazoum is running out of food and only has rice and some canned goods to eat.

NAIROBI—American military commanders were dismayed last month when a clique of top army officers seized power in Niger, the U.S.’s main ally in the fight against Islamist militants in West Africa. What stung perhaps most sharply were televised images of one particular man, Brig. Gen.