The 17th U.S.-Africa Business Summit officially opened on Monday in Luanda, Angola’s capital, with the participation of President João Lourenço, along with heads of state, ministers, and high-level delegations from both the U.S. and Africa.
Held under the theme “Paths to Prosperity: A Shared Vision for U.S.-Africa Partnership,” the summit runs through June 25 and gathers over 1,500 delegates, including business leaders, government officials, and investors.
Discussions focus on strengthening cooperation in key sectors such as infrastructure, renewable energy, digital economy, healthcare, and mining. Major projects under review include the Lobito Corridor and the Trans-Saharan Gas Pipeline.
Sessions will also address women’s empowerment, innovation, sustainable project financing, and advancing African energy integration through initiatives like electrical interconnection and green hydrogen.
Representing President Tebboune, Algerian Energy Minister Mohamed Arkab stressed the need to move “from declarations to tangible implementation” of energy projects, emphasizing the role of strategic partnerships in achieving sustainable development.
Algeria showcased its energy initiatives, particularly the Trans-Saharan Gas Pipeline, and called for innovative financing solutions.
Egypt is represented by Mohamed Shimi, Minister of Public Enterprise Sector, who is set to hold bilateral meetings to boost economic cooperation and attract U.S. investments in sectors such as agriculture, technology, and infrastructure.
The summit serves as a key platform for enhancing trade and investment between the two regions, enabling direct engagement between private sector leaders and governments while highlighting opportunities within the African Continental Free Trade Area.
