Emmanuel Macron firmly denied rumors that French companies are leaving Africa during his address at the Africa Forward summit in Nairobi. The French president emphasized that, despite some emblematic departures, French investments continue to grow on the African continent.

"French companies are not leaving. On the contrary, they are investing more," Macron stated, adding that these investments are now shifting towards English-speaking and Portuguese-speaking regions of Africa. This statement comes in a context where some major companies, particularly in the oil and mining sectors, have reduced their presence in Francophone Africa.

The head of state clarified that these movements are part of a strategy to adapt to new economic and geopolitical realities. According to an analysis published by Bloomberg, French multinationals are diversifying their investments to address the challenges posed by the energy transition and the need to reduce their carbon footprint.

Macron also highlighted the necessity for Africa to receive investments rather than aid, stressing a balanced partnership between France and African countries. "The era of the French 'pré carré' is over," he asserted, indicating a desire to reform historical relations between France and its former colonies.

This speech is part of a series of commitments made by Macron since 2017 to redefine French policy in Africa. In our columns last March, LE JOURNAL.AFRICA reported that this approach aims to establish more transparent and mutually beneficial relationships.

Despite these optimistic statements, some experts remain skeptical about the ability of French companies to maintain their influence on the continent. According to a report from the French Council of Investors in Africa (CIAN), challenges related to governance and human rights remain concerning for foreign investors.

As the French president continues his tour in East Africa, it is clear that France is attempting to reposition its image on the continent. The coming months will be crucial to assess the real impact of these statements on French investments in Africa.