Close Menu
    Facebook X (Twitter) Instagram
    • Home
    • Contact Us
    • About Us
    • Privacy Policy
    • Terms Of Service
    • Advertisement
    Thursday, May 14
    Facebook X (Twitter) Instagram Pinterest Vimeo
    ABSA Africa TV
    • Breaking News
    • Africa News
    • World News
    • Editorial
    • Environ/Climate
    • More
      • Cameroon
      • Ambazonia
      • Politics
      • Culture
      • Travel
      • Sports
      • Technology
      • AfroSingles
    • Donate
    ABSLIVE
    ABSA Africa TV
    Home»Breaking News»France’s Macron unveils a $27 billion investment in Africa at a partnership summit in Kenya
    Breaking News

    France’s Macron unveils a $27 billion investment in Africa at a partnership summit in Kenya

    ABS EditorialBy ABS EditorialMay 13, 2026No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    France’s Macron unveils a  billion investment in Africa at a partnership summit in Kenya
    Share
    Facebook Twitter LinkedIn Pinterest Email
    Post Views: 57


    NAIROBI – French President Emmanuel Macron announced new investments in Africa as a partnership summit closed on Tuesday in Kenya with calls for mutual respect and new, revamped ties that France hopes to build with the continent.

    Macron said the Africa Forward Summit marked a financial shift in relations between France and African nations, including those that were once its colonies. Kenya, which was not a French colony, co-hosted the gathering with France.

    Investments worth 23 billion euros ($27 billion) will fund various sectors in Africa, including energy, artificial intelligence 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.

    Kenyan President William Ruto, mentioned the word sovereignty eight times in his speech Tuesday.

    New partnerships between the African nations and France “must not be built on dependency but on sovereign equality, not on aid or charity but on mutually beneficial investment, and not on extraction or exploitation but on win-win engagements,” Ruto said.

    The gathering in Nairobi, Kenya’s capital, comes at the height of a fallout between France and its former colonies, mostly in West Africa. France has long maintained a colonial-era policy of economic, political and military sway dubbed Françafrique, which included keeping thousands of troops in African countries it once controlled.

    After years of criticism from leaders and opposition parties in Mali, Niger and Burkina Faso over what they described as a demeaning and heavy-handed approach, France has withdrawn its troops from those countries and last July, completed its withdrawal from Senegal.

    Macron said Paris will respect each African country’s independence, adding that “sovereignty and autonomy are shared, and your success is our success.”

    The “days of offering assistance are behind us,” Macron said as he lauded the strong display of unity among African heads of state and government at the summit. “I’d like to focus on co-investment.”

    Among those who attended were Senegal, Gabon, Ivory Coast and Rwanda — parts of Francophone Africa — and Nigeria, Ghana, Zambia and Botswana, all Anglophone countries.

    Patricia Rodrigues, Africa director for Control Risks, said France was rebalancing its ties after losing influence to Asian and Middle Eastern countries.

    “By organizing an Africa-France summit on the continent, rather than requiring African heads of state to travel to Paris to sign agreements, Macron is seeking to demonstrate that commitment to equality,” said Rodrigues, an expert at the global risk assessment group.

    Kenyan economist Wangari Muikia said Africa was diversifying by collaborating with non-European nations, emphasizing growth partnerships rather than historical influence.

    “China, the Gulf (Arab) states, and others have expanded aggressively into (African) infrastructure, energy, and manufacturing, offering governments alternative sources of finance and partnership,” she said.

    Muikia said the biggest question would be whether these new partnerships with France would move away from exploiting raw materials.

    “Without that structural shift, the legacy of Françafrique will continue to shape perceptions of France’s engagement, regardless of how the new model is presented,” she said.

    As the summit wrapped up, a joint declaration by all 30 heads of state and government that attended, pledged cooperation in sectors such as energy, technology, agriculture and health.

    Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    ABS Editorial
    • Website

    Related Posts

    Two killed in collision allegedly involving Motsoaledi convoy vehicle – SABC News

    May 13, 2026

    South Africa announce T20 World Cup 2026 squad; Shabnim Ismail returns, breaking international retirement – India TV News

    May 13, 2026

    Unemployment increased in all provinces except KZN – SABC News

    May 13, 2026
    Leave A Reply Cancel Reply

    ABS TV and ABS Network News is a leading Pan-African 24/7 broadcasting network delivering nonstop news, talk shows, lifestyle programs, and digital media content worldwide through Satellite, Streaming Platforms, and Roku TV.
     
    Based in the United States, we connect Africa to the world while empowering creators, journalists, and brands through innovative media and broadcasting services.
    Facebook X (Twitter) Pinterest WhatsApp Instagram

    Our Picks

    Trending

    Argentina World Cup 2026 Schedule: Locations, Dates, Times

    In Addis Ababa, Guterres urges reforms to give Africa stronger global voice – Welcome to the United Nations

    World News

    A brief guide to each chief justice of the United States

    Most Popular

    Lifestyle

    Tributes Pour In for Alexx Ekubo as the Nollywood Actor Passes On at 40

    Travel

    18 Photos to Make You Want to Visit Namibia

    Technology

    Boomi and Couchbase Partner to Power Enterprise AI Agents with Trusted Recollection, Connectivity, and Governance

    © 2026 Copyright. All Rights Reserved by ABSAFRICATV
    • Privacy Policy
    • Terms of Services

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.