Niger's military junta is set to nationalize the majority French-owned uranium firm, Somaïr, as tensions escalate between Niger and France. This move comes as part of the junta's efforts to gain greater control over the nation's resources and reduce reliance on its former colonial master, France. Niger, the seventh largest uranium producer globally, has accused French company Orano of "irresponsible acts" following the military's rise to power in 2023.
The junta stated that nationalizing the company would lead to better management and improved benefits for the local population. Although Orano has held a 63% stake in Somaïr for years, Niger's military authorities previously took over operational control last year. In response, the French state-owned company has initiated legal proceedings against Niger to contest its actions.
Experts suggest that the longstanding agreements between Niger and France have often been perceived as a form of dominance, fostering resentment. However, uncertainties in the mining sector brought by these developments could jeopardize employment and trade revenue. Niger's shift towards self-governance highlights a broader trend of seeking independence and resources management in much of West Africa.
