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French president announces billions in African investments at summit focused on partnership
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French president announces billions in African investments at summit focused on partnership

The Seattle Times·EVELYNE MUSAMBI The Associated Press·21 days ago
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NAIROBI, Kenya (AP) — Calls for mutual respect dominated the Africa Forward Summit on Tuesday as French President Emmanuel Macron announced new investments and said sovereignty will be key in the new partnership that France hopes to build with Africa. Investments worth 23 billion euros ($27 billion) will fund various sectors in Africa including, energy, AI and agriculture, Macron said, adding that 14 billion euros ($16.4 billion) will come from French companies and 9 billion euros ($10.5 billion) from African entities. Macron said the summit marks a financial shift in relationships between the European nation and African countries, including those that once were its colonies. President William Ruto of Kenya, which is co-hosting the summit with France, referred to sovereignty eight times in his speech on the summit’s final day. He reiterated that the days of European dependency were over for Africa in favor of mutual respect between cooperating nations.…

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