President Macron is convening a hybrid (virtual/in-person) summit on Financing African Economies, May 18, in Paris. France is pushing for greater financial support for African countries, against backdrop of Covid. President Buhari will be attending in person. #PMBinParis
“We are working for a new, more sustainable, more fair way to finance, to fund African economies. President Macron is organising a summit on this specific issue in May, which is very important for us.” — @franckriester, during his recent visit to Nigeria google.com/amp/s/www.thea…
Per @TheAfricaReport: ‘“We want to invest all over Nigeria, not only in Lagos or Abuja. Nigeria is a huge market,” says Riester. He also stressed that France wants to go farther beyond the Francophone parts of Africa, where it is already well represented.’
Recent news from Nigeria, about French companies: @AxensGroup has got a contract as technology provider for a new 200kbpd refinery for BUA, while @thalesgroup has recently supplied a commercial helicopter flight simulator to Caverton.
The main container terminal at Nigeria’s Tincan Island Port is run by a consortium comprising France’s Bolloré and two Chinese entities.
Also, the French Agency for Development (AFD) has made available more than 2 billion dollars in financing for projects in Nigeria.
@TheAfricaReport says “France is the second-largest bilateral creditor to Nigeria, after China, through the Agence Française de Développement.”
@TheAfricaReport says “France is the second-largest bilateral creditor to Nigeria, after China, through the Agence Française de Développement.”
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