Aliko Dangote alongside 10 other top entrepreneurs across Middle East, Europe and Africa met with French President Francois Hollande in Paris last weekend. The meeting is to deliberate on ways of enhancing and promoting trade relations with Europe.

Hollande had gathered the industrialists for a private meeting in other to regain an economic dynamic with the continent.

Advertise With Us

Trade relationship between Africa and France has suffered a significant drop in recent times. While foreign investments into the African continent went from $15bn in the year 2000 to $118bn in 2014, trade between France and Africa went down from 10.1 per cent in 2000 to 5.9per cent in 2015.

The meeting which also had Othmane Ben Jelloun, the director of the Bmce-Bank group of Africa, Stéphane Richard, CEO, Orange Telephony Group and Constant Nemale, founder, Media Group AFRICA 24.

Dangote: We Need PPP in Africa And France

In a chat with newsmen after the meeting, Dangote described the meeting as very fruitful. He said the main thrust of the meeting is the need for partnerships. Business amongst participants and transferring technology were also discussed

Dangote stressed the need for Public Private Partnership and investments both in Africa and France. These investments would help remove terrorism and security challenges.

It would be recalled that Nigeria and France launched a Trade and Investment Council in 2014. It aims to double trade flows between both countries from the then $6.4bn to about $12.7bn in four years.