French president unveils $27B Africa investment plan
French President Emmanuel Macron announced on Monday that Africa will receive €23 billion ($27 billion) in investments, including €14 billion ($16 billion) from France, according to BFM TV.
Macron said that €14 billion of the €23 billion-investment would be in strictly French private and public investments as he closed the Africa Forward business forum in Nairobi, Kenya, News.Az reports, citing Anadolu agency.
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Citing the Elysee Palace, the broadcaster reported that the investment coming from France would include private-sector actors as well as projects developed by French development aid operators.
The remaining €9 billion ($10.5 billion) will come from African investors.
“These investments will create more than 250,000 direct jobs in France and Africa,” Macron further said.
He described the investments as a “change in approach” as he advocated for relations between France and Africa.
"Many solutions are made in the United States or in China,” Macron said, adding: “I believe we are engaged in a common struggle (…) which consists of building our strategic autonomy for Europe and Africa. And if we build it together, we will be much stronger.”
By Ulviyya Salmanli
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