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FDI in Figures

FDI influx have been in a constant growth during the last years and this trend should continue, considering that the political situation in the country has become more peaceful.

The country's main obstacles to FDI are its topographical barriers and its poor infrastructures. The country has now entered into a new stage of economic and political transition. In addition, Niger offers incentives to investors in the infrastructure development sector. Lack of security (the Malian crisis plus the recent kidnappings of Western citizens in Niger) constitutes a particularly worrisome factor for potential investors. Niger ranked 176 out of 189 countries in the classification of Doing Business 2014 issued by the World's Bank.

The exploitation of uranium has become a very attractive sector to FDI. As a fact, the French group Areva should had started the exploitation at the Imouraren mine, which is considered to be the second largest deposit of uranium in the world, an investment of EUR 1.5 billion. The launching of this project has been rescheduled and at the moment, the government is trying to renegotiate the contract which does not provide enough benefits to Niger. In spite of these important resources of uranium, at the moment, its exploitation is only contributing to 5% of the GDP. By the end of 2013, Niger was negotiating a loan from the Exim Bank, a Chinese bank, for the amount of around USD 1 billion for the financing of several projects in the sectors of construction, agriculture, engineering and industry. This same group might finance the projects of coal production and electricity.

The mining and oil sectors attract most of the FDI. France, Japan, Sweden and the United States are the main investing countries.

 

Country Comparison For the Protection of Investors

  Niger Sub-Saharan Africa الولايات المتحدة Germany
Index of Transaction Transparency* 6.0 5.0 7.0 5.0
Index of Manager’s Responsibility** 1.0 4.0 9.0 5.0
Index of Shareholders’ Power*** 3.0 5.0 9.0 5.0
Index of Investor Protection**** 3.3 4.5 8.3 5.0

Source: Doing Business - Last Available Data.

Note: *The Greater the Index, the More Transparent the Conditions of Transactions. **The Greater the Index, the More the Manager is Personally Responsible. *** The Greater the Index, the Easier it Will Be For Shareholders to Take Legal Action. **** The Greater the Index, the Higher the Level of Investor Protection.

 
Foreign Direct Investment 201020112012
FDI Inward Flow (million USD) 9401,066793
FDI Stock (million USD) 2,251.23,171.94,049.1
Performance Index*, Ranking on 181 Economies 4225-
Potential Index**, Ranking on 177 Economies -155-
Number of Greenfield Investments*** 1.02.0-
FDI Inwards (in % of GFCF****) 47.852.143.6
FDI Stock (in % of GDP) 39.749.762.4

Source: UNCTAD - Last Available Data

Note: * The UNCTAD Inward FDI Performance Index is Based on a Ratio of the Country's Share in Global FDI Inflows and its Share in Global GDP. ** The UNCTAD Inward FDI Potential Index is Based on 12 Economic and Structural Variables Such as GDP, Foreign Trade, FDI, Infrastructures, Energy Use, R&D, Education, Country Risk. *** Green Field Investments Are a Form of Foreign Direct Investment Where a Parent Company Starts a New Venture in a Foreign Country By Constructing New Operational Facilities From the Ground Up. **** Gross Fixed Capital Formation (GFCF) Measures the Value of Additions to Fixed Assets Purchased By Business, Government and Households Less Disposals of Fixed Assets Sold Off or Scrapped.

 

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Tax Rates

Value-added tax (VAT) - Taxe sur la valeur ajoutée (Local Name)
19%
Company Tax
30%
Withholding Taxes
Dividends: 10%, Interests: 15% (reduced rate) or 25% (common rate), Royalties: 16%.
Bilateral Agreement
Niger and Egypt are not bound by a Double Taxation Agreement.
Social Security Contributions Paid By Employers
15.4%
Other Domestic Resources
Consult Doing Business Website, to obtain a summary of the taxes and mandatory contributions.
 
 

Individual Taxes

Personal income tax Progressive rates from 1% (XOF 0 to XOF 25,000) to 35% (above XOF 1 million)
 
 

Country Comparison For Corporate Taxation

  Niger Sub-Saharan Africa الولايات المتحدة Germany
Number of Payments of Taxes per Year 41.0 39.0 11.0 9.0
Time Taken For Administrative Formalities (Hours) 270.0 319.0 175.0 207.0
Total Share of Taxes (% of Profit) 43.8 57.8 46.7 46.8

Source: Doing Business - Last Available Data.

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Investment Opportunities

Tenders, Projects and Public Procurement
Fontier Market Network, Tenders in Africa
African Tenders
DgMarket, Tenders Worldwide
Setting Up a Company
Consult Doing Business Website, to know about procedures to start a Business in Niger.
Useful Resources
Centre for Promotion of Investments (CPI)
Economic Developments and Prospects in Niger - African Economic Outlook
Egyptian Embassy in Niger
Terminus- ROND- POINT GRAND HOTEL
254 NIAMEY
Phone: (+227)20733355
Fax: (+227)20722594 - 20733981
 

Business Setup Procedures

Setting Up a Company Niger Sub-Saharan Africa
Procedures (number) 9.00 8.00
Time (days) 17.00 34.00

Source: Doing Business.

 

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Last Updates: March 2014

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