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FINANCIAL NEWS
Libya to invest $100m in Niger
08 Aug 2010
(MENAFN) Libyan Prime Minister Baghdadi Al Mahmoudi said that Tripoli will invest $100 million in neighboring Niger, Reuters reported
The investment is the latest step Libya has taken towards strengthening ties with uranium-producing Niger, whose military rulers intend to hand power to a civilian government after an election early next year.
In June, Libya said it would allow almost 300 prisoners from Niger to return home. Earlier that month, Libya signed an agreement on judicial co-operation with the military junta running the West African country.
Major investors in Niger, one of the world’s poorest countries and one which struggles with food shortages, include French nuclear energy firm Areva and China National Petroleum Corporation.
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