RISK & COMPLIANCE REPORT DATE: March 2018
Niger RISK & COMPLIANCE REPORT DATE: March 2018 KNOWYOURCOUNTRY.COM Executive Summary - Niger Sanctions: None FAFT list of AML No Deficient Countries Non - Compliance with FATF 40 + 9 Recommendations Higher Risk Areas: Weakness in Government Legislation to combat Money Laundering Not on EU White list equivalent jurisdictions Corruption Index (Transparency International & W.G.I.) World Governance Indicators (Average Score) Failed States Index (Political Issues)(Average Score) Major Investment Areas: Agriculture - products: cowpeas, cotton, peanuts, millet, sorghum, cassava (manioc), rice; cattle, sheep, goats, camels, donkeys, horses, poultry Industries: uranium mining, cement, brick, soap, textiles, food processing, chemicals, slaughterhouses Exports - commodities: uranium ore, livestock, cowpeas, onions Exports - partners: Nigeria 41%, US 17%, India 14.1%, Italy 8.5%, China 7.7%, Ghana 5.7% (2012) Imports - commodities: foodstuffs, machinery, vehicles and parts, petroleum, cereals Imports - partners: France 14.2%, China 11.1%, French Polynesia 9.9%, Nigeria 9.7%, Togo 5.5% (2012) Investment Restrictions: Niger is eager to attract foreign investment and has taken steps to improve the business climate. The Government of Niger (GON) has made revisions to the investment code in 1 order to make petroleum and mining exploration and production more attractive to foreign investors. The Investment Code offers advantages to sectors the GON deems key to economic development: energy production, mineral exploration and mining, agriculture, food processing, forestry, fishing, low-cost housing construction, handicrafts, hotels, schools, health centres, and transportation. Total foreign ownership is permitted in most sectors except energy, mineral resources, and sectors restricted for national security purposes. Foreign ownership of land is permitted but requires authorization from the Ministry of Planning, Land Management and Community Development.
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