France, May 11 -- Africa "needs investment to become more sovereign", with aid being replaced by economic opportunities, Macron said Monday, announcing €23 billion of investment for Africa.

Speaking at the University of Nairobi, at the start of the two-day summit, he said the funds would include €14 billion in private and public investments by French entities, and nine billion euros by African investors, focused on energy transition, digital and AI, the maritime economy and agriculture.

They would create 250,000 direct jobs in France and Africa, Macron said.

"We are not simply here to come and invest on the African continent alongside you - we need the great African business leaders to come and invest in France," he told th...