– Business, Finance, Markets & Economic News
  • Home
  • Economy
  • Business
  • Markets
  • Finance
  • Credit Ratings
  • Policy
  • Tech
– Business, Finance, Markets & Economic News
  • Home
  • Economy
  • Business
  • Markets
  • Finance
  • Credit Ratings
  • Policy
  • Tech
Top News
Nigeria’s Crude Oil Output Rises to 1.53 Million Barrels per Day in September
Tanzania Nears $42 Billion LNG Deal as Government Seeks New Investment
Formula One to Return to Africa as Rwanda Secures Grand Prix for 2030s
Nigeria and AfDB to Review $6.2 Billion Project Portfolio to Accelerate Delivery
Kenya Expects IMF Mission in December for Economic Review as Lending Talks Continue
Uganda’s FX Reserves Surge 56% to $6.7 Billion as Central Bank Expands Gold Purchases
Nigeria’s Securities Regulator Approves Two-Week Extension of Dangote Refinery IPO
Dangote Refinery Plans to Extend IPO by 10 Days to Broaden African Investor Participation
US DFC Plans Equity Investments in Africa as Critical Minerals Gain Strategic Importance
AfDB Targets $800 Million for Mali’s Infrastructure and Economic Transformation
S&P Affirms Egypt’s B/B Credit Rating as Foreign Currency Reserves Strengthen
Kenya’s $13.1 Billion Debt Repayment Burden Revives Debate Over IMF Lending Conditions
World Bank Flags Growing Trade-Off Between Debt Payments and Social Spending in Africa
Fitch Revises Nigeria’s Credit Outlook to Positive as Foreign Reserves Strengthen
Ethiopia Launches Precious Metals Refinery With Capacity to Process 600 Tonnes Annually
SUBSCRIBE
– Business, Finance, Markets & Economic News
Subscribe
– Business, Finance, Markets & Economic News
  • Home
  • Economy
  • Business
  • Markets
  • Finance
  • Credit Ratings
  • Policy
  • Tech
Copyright 2026 - All Right Reserved
Home » Economy » Macron Hosts Africa Forward Summit in Kenya Amid Push to Reset France-Africa Relations
Economy

Macron Hosts Africa Forward Summit in Kenya Amid Push to Reset France-Africa Relations

by Emmanuel Ebube May 11, 2026
written by Emmanuel Ebube May 11, 2026
FacebookTwitterLinkedinEmail
142

NAIROBI, May 11 – Africa Forward Summit opened in Kenya on Monday, bringing together French President Emmanuel Macron and more than 30 African leaders as France pushes to expand economic partnerships and secure new investment deals across the continent.

The gathering marks the first time France has hosted the summit in an English-speaking African country since the initiative began in the 1970s, reflecting Paris’ broader effort to diversify its relationships beyond its traditional Francophone sphere of influence.

During a state visit to Kenya on Sunday, Macron announced that French shipping giant CMA CGM plans to invest €700 million ($823 million) to modernise facilities at the Port of Mombasa, East Africa’s largest gateway port.

The summit began with a business forum at the University of Nairobi attended by President Emmanuel Macron and Kenyan President William Ruto alongside executives from major French companies including TotalEnergies and Orange.

You Might Be Interested In
  • Kenya Targets Ksh5 Trillion Infrastructure Fund With IFC Support

Africa’s richest man, Aliko Dangote, was also among attendees at the event, which brought together African presidents, deputy presidents and prime ministers.

Kenya is positioning the summit as an opportunity to attract greater French investment linked to the rollout of the African Continental Free Trade Area, which aims to create a single continental market across Africa.

President Ruto is also seeking support for reforms to the global financial system to ease debt pressures facing African economies, an initiative France has publicly backed.

Kenyan Foreign Minister Musalia Mudavadi said Nairobi hopes key outcomes from the summit will also shape discussions at next month’s G7 Summit in France, which Ruto is expected to attend at Macron’s invitation.

The summit comes as France attempts to rebuild influence in Africa following a series of political and military setbacks in West Africa, where anti-French sentiment has intensified in recent years.

Military-led governments in Mali, Burkina Faso and Niger have expelled French troops since 2020 and strengthened ties with Russian security partners.

France also withdrew from its last major military base in Senegal after President Bassirou Diomaye Faye said foreign military bases were incompatible with national sovereignty.

Macron downplayed concerns over the absence of some African leaders, saying France remained committed to maintaining relationships across the continent, including in West Africa.

Read Next

  • China’s Sinomine Plans $764 Million Raise to Fund Zimbabwe and Zambia Projects

    May 19, 2026
  • Ghana Raises Gold Delivery Target to 30% as Central Bank Builds Reserves

    May 18, 2026
  • Moody’s Gives Up South Africa Rating Licence, Shifts Focus to Cross-Border Ratings

    April 30, 2026
  • IMF, World Bank Meetings to Assess Global Fallout from Trump’s Iran War

    April 13, 2026
  • South Africa’s Manufacturing PMI Falls Further in July as Export Demand Weakens

    August 3, 2026

Newsletter

Subscribe to our newsletter for trusted insights on Africa’s economies, markets, and business.

African Economy Inc. Logo

About Us

We are a business and economic intelligence platform delivering in-depth reporting, analysis, and insights on markets, companies and economic developments across Africa.

Our Company

  • AEI Intelligence
  • About
  • Editorial Standard
  • Partnerships
  • Advertise With Us
  • Careers
  • Ownership

News

  • Economy
  • Business
  • Markets
  • Finance
  • Credit Ratings
  • Policy
  • Tech

Useful Links

  • Privacy Policy
  • Terms of Use
  • Closed Captioning Policy
  • Accessibility Statement
  • Personal Information
  • Data Tracking
  • Register New Account

Subscribe Newsletter

Subscribe to our newsletter for trusted insights on Africa’s economies, markets, and business.

©2026 Majons Media Inc. All Rights Reserved.

Facebook Twitter Instagram Linkedin
Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
– Business, Finance, Markets & Economic News
  • Economy
  • Business
  • Markets
  • Banking & Finance
  • Energy
  • Tech
  • Policy
  • African Economy Inc.