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    RwandAir named Best Cabin Service in Africa

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    Multi-metals discovery boosts Namibia’s critical minerals standing

    Multi-metals discovery boosts Namibia’s critical minerals standing

    Mutapa Gold Resources (MGR), a subsidiary of Zimbabwe’s sovereign wealth fund, Mutapa Investment Fund (MIF), has declared a US$35 million dividend to shareholders after recording an after tax profit of US$70 million for the nine months ended December 31, 2025.

    Zimbabwe’s Mutapa Gold Resources declares US$35 million dividend

    Foreign investors return to African markets as reforms boost confidence

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    Multi-metals discovery boosts Namibia’s critical minerals standing

    Multi-metals discovery boosts Namibia’s critical minerals standing

    Mutapa Gold Resources (MGR), a subsidiary of Zimbabwe’s sovereign wealth fund, Mutapa Investment Fund (MIF), has declared a US$35 million dividend to shareholders after recording an after tax profit of US$70 million for the nine months ended December 31, 2025.

    Zimbabwe’s Mutapa Gold Resources declares US$35 million dividend

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Stung by West Africa rejections, France courts rest of continent at Kenya summit

Editorial Team by Editorial Team
May 9, 2026
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NAIROBI, May 8 (Reuters) – Shorn of influence in its former colonies in ​West Africa, France will seek to deepen ties elsewhere on the continent next week at an Africa summit in ‌the Kenyan capital Nairobi, its first in an English-speaking country.

With a year left in his presidency, French President Emmanuel Macron is hoping to showcase a “renewed partnership” with Africa, an aide at the Elysee Palace told reporters.

Monday and Tuesday’s summit, which will be attended by heads of state, business executives and heads of multilateral development ​banks, follows repeated setbacks for France in former colonies where it has for decades wielded influence.

A series of coups in the ​Sahel region since 2020 have brought to power military officers who have expelled French troops and invited in ⁠Russian mercenaries.

France also handed over control of its last major military facility in Senegal last July after Senegalese President Bassirou Diomaye Faye – who ​is expected to attend the Kenya summit – said French bases were incompatible with the country’s sovereignty.

“It does feel like a rebranding of how France ​is positioning itself on the continent,” said Beverly Ochieng, a senior analyst at the Control Risks consultancy who is based in Senegal.

“It is moving away from some of its former colonial partners, security partners, towards countries where it has more of a cultural, a different footprint.”

SUCCESS OF FRENCH PIVOT AN OPEN QUESTION

Macron came to ​power in 2017 vowing to end “Francafrique”, the murky links between France and its former colonies that at times saw Paris back autocratic regimes, ​and to broaden engagement across the continent.

The pivot has involved attempts to tackle historical tensions with countries like Rwanda and Algeria while more closely engaging African ‌civil ⁠society and youth leaders, said Alain Antil, the head of the Sub-Saharan Africa programme at the French Institute for International Relations.

At the same time, Paris has looked to boost trading ties, growing its imports from Africa by a quarter between 2021 and 2024, according to data from the International Trade Centre.

In 2024, France and Nigeria signed a 300-million-euro investment agreement to support critical infrastructure, healthcare, transportation and renewable energy across Africa’s ​most populous country.

Investment deals, especially in ​areas like clean energy, artificial ⁠intelligence and education are expected to be at the centre of Macron’s trip to Africa for the summit, during which he will also visit Egypt and Ethiopia.

Macron’s government has also looked to strengthen security cooperation with ​non-traditional partners, including by signing a defence pact with Kenya last October to boost cooperation in ​intelligence sharing, maritime security ⁠and peacekeeping.

However, France has faced some high-profile setbacks in countries where foreign investors like China and Gulf states have leveraged deep pockets and longstanding relationships to build influence.

Kenyan President William Ruto’s government terminated a deal with a consortium led by France’s Vinci SA (SGEF.PA), opens new tab for a $1.5 billion highway expansion project last year and ⁠handed it ​to Chinese firms after Kenyan authorities said the contract saddled them with too much ​risk.

Ruto, who will co-host the summit, plans to focus on advancing talks on making the global financial system fairer to heavily indebted African countries. France has pledged to support ​his campaign.

Reporting by Duncan Miriri

Editorial Team

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