Macron Unveils $27 Billion Investment in Africa at Summit in Kenya

Kenyan President William Ruto said future partnerships in Africa must be built ‘not on extraction or exploitation but on win-win engagements.’

French President Emmanuel Macron attends the Africa Forward Summit at the Kenyatta International Convention Centre in Nairobi, Kenya, on May 12, 2026. Brian Inganga/AP Photo/

French President Emmanuel Macron announced 23 billion euros ($27 billion) in investments to fund energy, artificial intelligence, agriculture, and other sectors in Africa, during a two-day partnership summit in Kenya. The summit ended on May 12 with a joint declaration by 30 heads of state pledging cooperation.

Macron said the Africa Forward Summit marked a financial shift in relations between France and African nations, including those that were once its colonies.