France Economy Struggling Since Its EXPULSION From Niger, Meanwhile That Of Niger Booms.

#niger #burkinafaso After being kicked out of Niger seven months ago, France is having a tough time getting its economy back on track to meet President Emmanuel Macron’s promises of reducing the budget deficit. Meanwhile, Niger, a country in West Africa with no coastline, is looking set to grow its economy the fastest in 2024, despite facing big challenges, especially in its relationships with the West and other West African nations. The African Development Bank (AFDB) has singled out Niger as having the best chances for economic growth in 2024. This is pretty surprising considering Niger expelled French troops just seven months ago. Even with recent problems like a coup and pulling out from the Economic Community of West African States (ECOWAS), along with facing economic penalties, Niger still believes it’s on the right track economically. The AFDB’s prediction shows that Niger is strong and has a lot of growth potential, even though there are usually things that slow down an economy’s progress. Niger leads the pack in Africa’s fastest-growing economies for 2024 with a projected growth rate of 11.2%, followed by Senegal at %. Despite worries about political stability and good governance because of recent events, Niger’s economy is still moving forward. A big change since Niger kicked out France is the price of uranium shooting up from euros per kilogram to 200 euros per kilogram. When people looked more closely at the paperwork, they found out the old government of Niger agreed to a really high 5% fee on uranium sales, which seemed unfair. This matches up with what the late leader of Wagner PMC, Pragojian, said - that French companies were selling uranium to Niger for $1.2 per kilogram but only giving back $ to the country. FOOTAGE licensed through Storyblocks