Despite high inflation in the UMOA zone, Niger continues to be an issuer of choice for investors in the UMOA short-term bond market. This reflects low rates of return on its bonds at maturity for the country.

After analyzing several data sources, it appears that bond securities issued by the government of Niger on the Union Moné money market Taire d'Afrique de l'Ouest (UMOA), which are repayable over a 12-month period, attract many investors from the subregion. Indeed, the return was 4% at the start of the year, more precisely on January 7, 2022.

Several hypotheses could have been formulated. For the first time, Niger enjoys low inflation, which reduces the number of latent losses for investors. And a second one says that investors are optimistic about Niger, due to solid growth prospects for the country. According to estimates made in September by the BCEAO, it could reach 6.9% in 2022, and more than 7.2% in 2023.