Macron pivots to private sector partnerships in Africa with €23bn trade deal

Businessday | 13-05-2026 04:17am |

During the France-Africa Summit held in Nairobi, French and African investors announced a significant commitment of €23 billion (approximately $27 billion) aimed at fostering private sector partnerships across the continent. This initiative underscores President Emmanuel Macron's strategic shift towards enhancing economic collaboration between France and African nations. The funding is expected to support various sectors, promoting sustainable development and investment opportunities in Africa.

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