LUANDA, Angola (Chatnewstv.com) — The 17th U.S.-Africa Business Summit concluded on June 25 with a record-breaking $2.5 billion in deals and commitments, signaling a sharp pivot toward investment-led engagement between the United States and African nations.
The summit, held from June 22-25 in Luanda, brought together more than 2,700 U.S. and African public and private sector leaders—including 12 African Heads of State—and marked the largest gathering in the event’s history.
“This turnout underscores a shared resolve to deepen U.S.-Africa commercial ties and drive mutual prosperity,” said Ambassador Troy Fitrell, who led the U.S. delegation in his capacity as Senior Bureau Official for African Affairs.
Other top U.S. officials included Massad Boulos, Senior Advisor for Africa; Constance Hamilton, Assistant U.S. Trade Representative for Africa; and Thomas Hardy, Acting Director of the U.S. Trade and Development Agency.
The deals reflect what officials described as a “trade over aid” strategy promoted by the Trump Administration’s Commercial Diplomacy Strategy for Africa—positioning the continent not as a recipient of aid, but as a partner in growth.
Major Announcements
Among the largest agreements:
Amer-Con & Angola Logistics: Florida-based Amer-Con Corporation will partner with Angola’s Cargo and Logistics Certification Agency to construct and operate 22 grain silo terminals along the Lobito Corridor. Backed by the U.S. Export-Import Bank, the project aims to bolster Angola’s food security and regional logistics.
Cybastion & Angola Telecom: A $170 million deal was signed to enhance digital infrastructure and cybersecurity, part of Cybastion’s “Digital Fast Track” initiative to modernize Angola’s connectivity while offering local training programs.
CEC Africa & AG&P: In Sierra Leone, U.S.-sourced LNG will power a 108MW Nant Power Project under a new MoU signed by CEC Africa and AG&P, with financing from the U.S. International Development Finance Corporation (DFC).
Ruzizi III & Anzana Electric: A partnership between Ruzizi III Holding and U.S.-based Anzana Electric will bring a 10% equity stake in a $760 million hydropower project stretching across Rwanda and the Democratic Republic of Congo. The plant is expected to deliver electricity to 30 million people.
Ethiopia Investment Holdings & U.S. International Finance Partners: More than $200 million will be invested in high-end tourism infrastructure in Ethiopia under a deal witnessed by Ethiopian President Taye Atske Selassie.
Hydro-Link & Angola: In a $1.5 billion agreement, Hydro-Link will develop a 1,150-kilometer private transmission line to carry electricity from Angola to critical mineral mines in the DRC, facilitating up to 1.2 gigawatts of power supply from hydropower sources like the Luaca plant.
“This summit proved that Africa is open for business, and American firms are ready to deliver,” said Constance Hamilton.
The summit was co-hosted by the Corporate Council on Africa and the Government of Angola. Organizers say it sets a new standard for strategic U.S.-Africa commercial engagement.
Editor: Gabriel Ani
