The United States has announced that the 17th US-Africa Business Summit generated over $2.5 billion in new deals and commitments between American and African partners.
According to the US Department of State, the summit—held from June 22 to 25—brought together more than 2,700 leaders from the public and private sectors across both regions.
The department said the summit was hosted by the Corporate Council on Africa and the President of Angola, noting this year’s summit marked a record turnout, including 12 African Heads of State.
“During the summit, more than $2.5bn in new deals and commitments between US and African partners were announced,” it said.
The department added that the deals and commitments underscore “the United States’ prioritisation of trade. It added that the deals and commitments over aid in our approach to Africa – engaging Africans as peers and partners in investment-led growth.”
Among the key deals announced was a strategic partnership between a U.S. consortium led by Florida-based Amer-Con Corporation and Angola’s Cargo and Logistics Certification Regulatory Agency to build and operate 22 grain silo terminals along the Lobito Corridor.
Supported by the U.S. Export-Import Bank, the project is expected to boost Angola’s food security and strengthen its agricultural logistics infrastructure.
U.S. technology firm Cybastion and Angola Telecom also signed a $170 million investment deal to expand digital infrastructure and cybersecurity through Cybastion’s “Digital Fast Track” initiative.
The investment would provide local training and modern infrastructure for Angola’s digital transformation.
CEC Africa Sierra Leone Ltd. signed a Memorandum of Understanding to develop West Africa’s first U.S.-sourced LNG terminal, in collaboration with AG&P and backed by the U.S. International Development Finance Corporation.
The terminal will supply power to the 108MW Nant Power Project and provide affordable energy for both industrial and household use across Sierra Leone.
The Ruzizi III Holding Power Company signed an Invitation to Partner with U.S.-based Anzana Electric Group, paving the way for a 10 percent equity stake in a $760 million hydropower project spanning Rwanda and the Democratic Republic of the Congo.
The project aims to provide reliable electricity to 30 million people across the region while fostering regional integration and stability.
Ethiopia Investment Holdings signed a Memorandum of Understanding with U.S. International Finance Partners to invest more than 200 million dollars in the development of luxury hotels, branded residences, and related tourism infrastructure in Ethiopia.
The department aid the agreement aligns with the development priorities of Ethiopian President Taye Atske Selassie, who witnessed the signing.
“U.S. energy investor Hydro-Link signed an agreement with the Angolan Government to develop a 1.5 billion dollars private transmission line connecting hydropower sites in Angola to critical mineral mines in the DRC.
“This 1,150-kilometer transmission corridor will enable the delivery of up to 1.2 gigawatts of reliable electricity from Angola’s Luaca plant and other hydroelectric facilities to the Kolwezi mining region in the DRC, supporting the region’s mining operations and energy needs.”
The department noted that the record turnout reflected a shared commitment by both U.S. and African leaders to significantly expand trade and investment.
It added that the United States aimed to secure key deals and commitments for American companies while creating the conditions to increase U.S. exports and investment across Africa.
Others were Massad Boulos, Senior Adviser for Africa, Thomas Hardy, Acting Director, U.S. Trade and Development Agency, Constance Hamilton, Assistant U.S. Trade Representative for Africa.
