France urged to increase investment in Africa

Mr Elumelu (left) in a handshake with  Pierre Gattaz, President of MEDEFTony O. Elumelu, Chairman, Heirs Holdings, United Bank for Africa Plc and Founder of the Tony Elumelu Foundation (TEF) has urged France and its business stakeholders to invest in Africa.

Mr. Elumelu who has been invited to debate at the opening session of the MEDEF Summer University in France alongside two other global business shapers, said there were many opportunities for establishing manufacturing operations on ground and reaping the rewards of their investment.

He said this would result in the creation of more jobs in Africa, and ultimately, provide immeasurable value to the French that would translate to profits.

For over 15 years of its existence, MEDEF has remained true to its objective of making France a winner by debating ways to position the country more favourably globally with the aim to create more employment opportunities, targeting of 1 million jobs in five years.

Positioned as one of France’s leading annual economic, social, cultural and political events,

MEDEF Summer University hosts 7,500 business and opinion leaders comprising of heads of state, government officials, political leaders, intellectuals, and business leaders from all over the world, as well as 450 French and international journalists.

“This is the best time to establish stronger business ties between France and Africa, and not just francophone countries, but Anglophone African countries as well,” he said.

While commending events like MEDEF Summer University and agencies such as Business Africa for establishing the mandate to establish stronger ties between France and Anglophone African countries, he expressed enthusiasm at shedding more light at the event what Africa expects from France.

He posited that both economies need to foster stronger relationships between SMEs in Africa and France that will create more opportunities in the pipeline to achieve sustainable development

According to the organisers, “this year’s theme, ‘To believe and act’ will lead us to reflect on the major deadlines facing us”.

Mr. Elumelu, will participate in a debate with two international business leaders, Gary Coombe, President of P & G Europe and Oudet Souvannavong, President of the Chamber of Commerce and Industry in Laos at the grand opening session.

The participants will be discussing what they expect from France in a bid to increase bilateral business relationships.





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