Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

France preps for economic summit with African states

German Chancellor Angela Merkel (R) and French President Emmanuel Macron (L) arrive for a joint press conference at the end of the European summit at the EU headquarters in Brussels on July 21, 2020.  Photographer: John Thys/AFP/Getty Images
German Chancellor Angela Merkel (R) and French President Emmanuel Macron (L) arrive for a joint press conference at the end of the European summit at the EU headquarters in Brussels on July 21, 2020. Photographer: John Thys/AFP/Getty Images

France is preparing to hold a summit to bolster its economic links with a number of African states.

French President Emmanuel Macron will host the Summit on Financing African Economies on May 18. Paris will host a follow up Africa-France Summit in July.

Presidents from Cote d’Ivoire, Senegal, Congo Kinshasa, Congo Brazzaville, Nigeria, Rwanda, South Africa, Angola, Kenya and Guinea will attend. Mozambique President Filipe Nyusi is also expected to hold talks with Macron.

African Development Bank (AfDB) president Akinwumi Adesina will attend the summit. As will International Monetary Fund’s (IMF) managing director Kristalina Georgiev, European Investment Bank (EIB) Werner Hoyer and European Commission president Ursula von der Leyen.

Chad’s new president Mahamat Déby, the son of Idriss Deby who died in battle, does not appear to have been invited.

French Minister of Finance Bruno Le Maire discussed the summit on a call with US Secretary of the Treasury Janet Yellen, on May 11. According to the US, talks included a special drawing right (SDR) allocation for low-income countries, including in sub-Saharan Africa.

The Paris Peace Forum Spring Meeting will be held just before the economic summit, on May 17.

Investments in renewables are likely to play a major role in the talks.

At the EU-Africa Green Investment Forum in April, the EIB’s Hoyer highlighted climate change and investments. “It’s high time for climate action to tackle climate change and environmental degradation. Cooperation is essential to ensure a green and global recovery,” Hoyer said.

During this forum, the EIB set out plans for an additional 350 million euros of financing and support for renewables. This included off-grid solar plans in Chad and the Comoros.

The EIB will not finance hydrocarbon projects after the end of this year, it has said.

Macron set out his vision of France’s relationship with Africa at a speech in Burkina Faso in 2017.

Recommended for you

More from Energy Voice

Latest Posts