new partnership
NAIROBI
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 ($27 billion) will fund various sectors in Africa including, energy, AI and agriculture, Macron said, adding that €14 billion ($16.4 billion) will come from French companies and €9 billion ($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. 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 event, which is set to close Tuesday with a declaration that is expected to be signed by all 30 heads of state and government, comes at the height of a fallout between France and its former colonies, mostly in West Africa.
