More than $2.5 billion in new agreements and investment commitments between African countries and U.S. stakeholders were reached after the 17th U.S.-Africa Business Summit, which took place in Luanda, Angola, from June 22–25. Co-hosted by the Corporate Council on Africa and the Angolan presidency, the summit drew in over 2,700 participants, including 12 African heads of state, the most in its history. It was a “record mobilization” of public and private actors aimed at enhancing trade, investment, and development cooperation between the United States and Africa.
Among the key deals announced:
- Amer-Con Corporation and Angola’s Freight Regulatory Agency finalized a plan to construct 22 grain elevators along the Lobito Corridor, a vital agricultural and trade route. The project is backed by the U.S. Export-Import Bank.
- U.S. tech company Cybastion signed a $170 million agreement with Angola Telecom to upgrade digital infrastructure and boost cybersecurity.
- Energy firm Hydro-Link committed $1.5 billion to build a 1,150-km power transmission line from Angola’s hydropower stations to mineral-rich areas in southern DR Congo.
- CEC Africa and AG&P announced plans to develop West Africa’s first LNG terminal, with support from the U.S. Development Finance Corporation (DFC).
- The Ruzizi III Holding Power Company partnered with Anzana Electric Group to invest $760 million in a cross-border hydropower project between Rwanda and the DRC, expected to supply electricity to 30 million people.
- In the tourism sector, Ethiopia Investment Holdings and U.S. International Finance Partners signed a memorandum of understanding for a $200+ million investment, with President Taye Atske Selassie in attendance.
The summit reaffirmed Africa’s position as a key player in international commerce and innovation by highlighting the continent’s increasing momentum toward deeper economic integration, sustainable infrastructure, and tech-enabled development. 
