Africa contains approximately 20 percent of global known uranium reserves, concentrated in Namibia, Niger, South Africa, Tanzania, and Zambia. The COP28 declaration by 22 nations committing to tripling nuclear capacity by 2050 has renewed global uranium demand. Niger, previously a leading supplier to French nuclear operators through Orano's Arlit mines, faces severe uncertainty following the July 2023 military coup and revocation of Orano's Imouraren mine licence.
Namibia Fills the Gap
Namibia has emerged as the most commercially reliable African uranium producer. Paladin Energy's Langer Heinrich mine resumed production in 2023 after a seven-year care-and-maintenance period. Namibia produced approximately 5,200 tonnes of uranium oxide in 2023, making it the world's fourth-largest producer. The government maintains a clear, transparent policy framework including royalty arrangements and strong environmental standards. South Africa is also considering domestic uranium production for a planned nuclear expansion programme. Investors in African energy can explore sector opportunities on intra-africa.com.
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