AFD seeks to deepen economic ties between France and African countries

The past four years have seen a significant shift in the relationship between France and African countries, particularly on the economic front. This transformation has been driven by economic commitments led by the French Development Agency, also known as AFD. Remy Rioux, the CEO of AFD, discussed the organization's efforts and priorities in a recent interview with CNBC Africa. President Macron, who was elected in 2017, immediately prioritized Africa and the renewal of the relationship with the continent. Macron's visits to various African countries, including Rwanda, marked historic moments in strengthening ties between France and Africa. During his visits, Macron emphasized the importance of respecting Africa's innovations, strengths, and contributions to global governance. AFD's focus is on building strong ties with African countries beyond French-speaking colonies, including English-speaking nations like Uganda and Kenya. AFD is active in 115 countries worldwide, with a significant emphasis on Africa. Rioux highlighted AFD's operations in 45 African countries, underlining the organization's commitment to holistic engagement with the continent. He emphasized the importance of viewing Africa as a unified entity, recognizing its demographic and economic significance. AFD aims to invest in African innovations for the benefit of both African populations and global interests. Through strategic investments totaling over $8.1 billion in the past years, AFD aims to support diverse sectors across Africa. The organization's approach involves closely listening to the needs of African countries, promoting regional integration, and supporting key priorities identified by African leaders. Rioux shared insights into AFD's ongoing investments in Rwanda, particularly in healthcare infrastructure and education. AFD's collaboration with Rwanda includes initiatives such as funding a vaccine hub and promoting a multilingual education system. Furthermore, AFD advocates for investment in sports as an economic sector and a means to engage with African youth. Rioux highlighted AFD's partnerships with local entities to effectively address the needs and demands of African countries. Despite the upcoming French elections and potential changes in leadership, Rioux expressed optimism about continuing the positive trajectory of France's relations with African countries. He emphasized the importance of ongoing dialogue and collaboration between African and European stakeholders to advance the partnership. Rioux's commitment to enhancing the 'world in common' signifies AFD's dedication to fostering sustainable and mutually beneficial relationships between France and African countries.