US-Africa Business Summit Yields $2.5bn in Investment Deals

The United States government has announced that over $2.5 billion in new deals and investment commitments were secured during the 17th US-Africa Business Summit held from June 22 to 25.

Hosted by the Corporate Council on Africa in collaboration with the President of Angola, the summit attracted more than 2,700 government and private sector leaders, including 12 African Heads of State. The record turnout underscored growing economic ties between the United States and Africa.

In a breakdown of deals announced, a US consortium led by Amer-Con Corporation signed a strategic partnership with Angola’s Cargo and Logistics Certification Regulatory Agency to construct and operate 22 grain silo terminals along the Lobito Corridor. The project is backed by the US Export-Import Bank and aims to enhance food security across Angola.

Other major announcements included:

• A $170 million digital infrastructure investment deal between US tech firm Cybastion and Angola Telecom to boost cybersecurity and expand connectivity.
• A Memorandum of Understanding signed by CEC Africa Sierra Leone Ltd., AG&P, and the US International Development Finance Corporation to develop the region’s first US-sourced LNG terminal, which will power the 108MW Nant Power Project in Sierra Leone.
• A $760 million hydropower initiative spanning Rwanda and the DRC, led by Ruzizi III Holding Power Company and supported by US-based Anzana Electric Group.
• A $200 million tourism infrastructure investment in Ethiopia by US International Finance Partners in partnership with Ethiopia Investment Holdings.
• A $1.5 billion private transmission line project signed by Hydro-Link and the Angolan government, aimed at connecting Angola’s Luaca hydropower plant with DRC’s critical mineral mining zone.

According to the US Department of State, the summit affirmed America’s commitment to a “trade, not aid” strategy in Africa, promoting investment-led growth and partnership-based development. The US delegation was led by Ambassador Troy Fitrell and included senior officials from the US International Development Finance Corporation, the Export-Import Bank, and the Office of the US Trade Representative.

Officials said the summit’s objective was to advance mutual prosperity and position the United States as a preferred economic partner across Africa through expanded trade, energy infrastructure, and technological collaboration.