French President Emmanuel Macron urged investment in Africa on Monday as he co-hosted an economic summit in Kenya, after defending European involvement on the continent.
The European leader, speaking at the University of Nairobi, said Africa “needs investment to become more sovereign”, replacing aid with economic opportunities.
Speaking in French, Macron said that previously European chiefs would lecture African leaders on what they needed, but, “this is no longer what Africa needs or wants to hear”.
“That’s just as well, because we, too, no longer have the means, if we’re being honest,” he said.
Ahead of the summit, in an interview with the magazines Jeune Afrique and The Africa Report, the French leader said he first strongly condemned colonialism when he came to power in 2017.
In contrast, the United States and China were locked in a trade standoff, with no respect for the rules, he added.
On critical minerals and rare earths, China, he said, “operates according to a predatory logic: it does the processing at home” and creates “dependencies with the rest of the world”.
Macron, leading the two-day summit aimed at renewing France’s engagement with Africa after years of strained ties with its former colonies, said Europe was instead promoting “a strategy of autonomy” for both continents.
Central to transforming Africa’s fortunes should be an overhaul of international finance, to set up a system of financial guarantees to bring in private investment, he added. (Channels)
English