Published：May 9, 17:52Last updated：May 13, 02:03

Macron Announces €23 Billion African Investment Plan

May. 9, 2026 17:52

French President Emmanuel Macron inaugurated the new campus of Senghor University of the Francophonie in Borg el-Arab, near Alexandria, on Saturday, May 9, alongside Egyptian President Abdel Fattah al-Sissi. The two leaders expressed alignment on the Middle East situation during the visit. The event highlighted France's cultural and diplomatic engagement in Egypt and the broader Francophone world.

Summarized

10News

7Media

May. 12, 2026 10:47

French President Emmanuel Macron announced billions in new investments during the Africa Forward Summit in Nairobi, Kenya, on May 12, 2026. He emphasized mutual respect and sovereignty as key pillars of France's renewed partnership with Africa. The summit focused on fostering collaboration between France and African nations.

May. 13, 2026 02:03

French President Emmanuel Macron announced $27 billion in African investments at a summit in Kenya. The initiative aims to strengthen ties between France and African nations, including former colonies. Kenya co-hosted the event, signaling a shift in financial and diplomatic relations.

French President Emmanuel Macron concluded his African tour with a landmark announcement of €23 billion in investments for Africa during the Africa Forward Summit in Nairobi, Kenya. The investment plan, unveiled on May 11, 2026, includes €14 billion from French private and public sectors, focusing on energy transition, AI, marine economy, and agriculture. This initiative is expected to create 250,000 jobs and marks a significant shift in France's economic and diplomatic engagement with the continent. Radio France Internationale+2

🌍 Diplomatic Engagements

Macron's tour began in Egypt, where he inaugurated the new campus of Senghor University of the Francophonie in Alexandria alongside Egyptian President Abdel Fattah al-Sissi. The event highlighted France's cultural and linguistic ties with Francophone Africa. Macron emphasized the French language's universality and its role in post-colonial contexts, sparking debates about linguistic demographics. Radio France Internationale+2

💼 Economic Collaboration

In Nairobi, Macron and Kenyan President William Ruto discussed bilateral relations and regional cooperation. Macron declared that France's exclusive influence in Africa ended in 2017, signaling a new era of partnership based on mutual respect and sovereignty. The Africa Forward Summit aimed to foster economic collaboration between France and African nations, focusing on sustainable development. Le Figaro+2

🏛️ Addressing Colonial Legacies

Macron also addressed France's colonial past, emphasizing the return of looted African artifacts as part of efforts to rectify historical injustices. This move aligns with France's broader commitment to fostering equitable relationships with African nations, moving beyond traditional spheres of influence. China.org+1

📊 Investment Breakdown

The €23 billion investment plan includes:

€10 billion for energy transition
€5 billion for AI and digital innovation
€4 billion for marine economy
€4 billion for agriculture and food security
This comprehensive approach aims to drive sustainable growth and strengthen ties between France and Africa. Radio France Internationale+2

NairobiWilliam RutoEmmanuel MacronSenghor UniversityAfrica Forward Summit