In a historic gathering, over 2,700 U.S. and African public and private sector leaders came together from June 22-25 for the 17th U.S.-Africa Business Summit, hosted by the Corporate Council on Africa and the President of Angola. The event marked a record turnout, including 12 African Heads of State, and yielded a staggering $2.5 billion in new deals and commitments between U.S. and African partners.
The summit’s objective was to secure key deals and commitments for U.S. companies, boost U.S. exports and investment in Africa, and advance mutual prosperity in line with the Trump Administration’s Commercial Diplomacy Strategy for Africa. With this goal in mind, the U.S. delegation, led by Ambassador Troy Fitrell, Senior Bureau Official for African Affairs, included senior-most officials advancing U.S. commercial engagement across Africa.
The record-breaking turnout underscored a strong commitment among both U.S. and African leaders to significantly expanding trade and investment. The summit’s key outcomes were reinforced with the announcement of more than $2.5 billion in new deals and commitments, reinforcing the United States’ prioritization of trade over aid in its approach to Africa.
Among the notable deals announced were:
- Amer-Con Corporation & Angolan Cargo and Logistics Certification Regulatory Agency: A U.S. consortium led by Florida-based Amer-Con Corporation signed a Strategic Partnership Agreement with the Angolan Cargo and Logistics Certification Regulatory Agency to construct and operate 22 grain silo terminals along the Lobito Corridor, backed by the U.S. Export-Import Bank.
- Cybastion & Angola Telecom: U.S. technology firm Cybastion and Angola Telecom signed a $170 million investment deal to expand digital infrastructure and cybersecurity through Cybastion’s “Digital Fast Track” initiative, providing local training and modern infrastructure for Angola’s digital transformation.
- CEC Africa & AG&P: CEC Africa Sierra Leone Ltd. signed a Memorandum of Understanding to develop West Africa’s first U.S.-sourced LNG terminal, in partnership with AG&P and backed by the U.S. International Development Finance Corporation.
- Ruzizi III Holding Power Company & Anzana Electric Group: The Ruzizi III Holding Power Company signed an Invitation to Partner with U.S.-based Anzana Electric Group, paving the way for a 10% equity stake in a $760 million hydropower project spanning Rwanda and the DRC.
- Hydro-Link and the Government of Angola: U.S. energy investor Hydro-Link signed an agreement with the Angolan Government to develop a $1.5 billion private transmission line connecting hydropower sites in Angola to critical mineral mines in the DRC.
These deals demonstrate the United States’ commitment to trade and investment in Africa, reinforcing its prioritization of commercial engagement over aid. The agreements are expected to deliver tangible benefits for U.S. companies, African partners, and regional stability.
In conclusion, the 17th U.S.-Africa Business Summit marked a significant milestone in U.S.-African cooperation, with record-breaking participation and substantial new deals announced. As the United States continues to prioritize trade and investment in Africa, these agreements will undoubtedly contribute to advancing mutual prosperity in line with the Trump Administration’s Commercial Diplomacy Strategy for Africa.