The 17th US–Africa Business Summit, held from June 22–25, resulted in over $2.5 billion in new trade deals and commitments between American and African participants, according to the U.S. Department of State.
More than 2,700 public and private sector leaders, including 12 African Heads of State, attended the summit hosted by the Corporate Council on Africa alongside the President of Angola.
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Highlighted Agreements:
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A U.S.-led consortium will build 22 grain silo terminals along Angola’s Lobito Corridor, funded by the U.S. Export-Import Bank—boosting food security and logistics.
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Tech firm Cybastion struck a $170 million deal with Angola Telecom to advance digital infrastructure and cybersecurity under its “Digital Fast Track” programme.
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CEC Africa Sierra Leone Ltd. and AG&P plan West Africa’s first U.S.-sourced LNG terminal to power the 108 MW Nant Power Project.
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A partnership between Anzana Electric Group (U.S.) and Ruzizi III Holding for a $760 million hydropower project serving Rwanda and the DRC.
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Ethiopia Investment Holdings agreed to back over $200 million in hospitality and tourism infrastructure in Ethiopia.
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Hydro-Link secured a $1.5 billion transmission line deal linking Angolan hydropower sites to DRC mining regions.
The summit’s outcomes reflect Washington’s renewed focus on trade, positioning African nations as peers and partners in economic growth.
