French President Emmanuel Macron has announced a €23 billion ($27 billion) investment package aimed at strengthening economic ties with Africa, with a significant share coming from French public and private sources.
Speaking at the Africa Forward business forum in Nairobi, Kenya, Macron said €14 billion ($16 billion) of the total will be contributed directly by France. This includes investments from private companies as well as initiatives supported by French development agencies.
The remaining €9 billion ($10.5 billion) is expected to come from African investors, highlighting a joint financing approach between both regions.
Macron stated that the initiative is expected to generate more than 250,000 direct jobs across France and Africa. He described the plan as a shift in France’s approach to its partnership with African nations.
Emphasizing the need for greater autonomy, Macron said many global solutions are currently driven by powers such as the United States and China. He argued that Europe and Africa must work together to strengthen their strategic independence and global influence.
The announcement reflects France’s broader effort to redefine its economic and political engagement with Africa through long-term investment and cooperation.
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