US, Africa summit yields $2.5bn in new trade deals

US, Africa summit yields $2.5bn in new trade deals

The 17th U.S.-Africa Business Summit, held from June 22 to 25, 2025, resulted in over $2.5 billion worth of new deals and investment commitments between U.S. and African partners, according to the U.S. Department of State. The summit, hosted by the Corporate Council on Africa and the President of Angola, saw record participation with more than 2,700 leaders from both public and private sectors, including 12 African Heads of State.

The summit emphasized the U.S. commitment to prioritizing trade and investment over aid, promoting a peer-to-peer model of cooperation with African nations. Key announcements included:

·       A partnership between Florida-based Amer-Con Corporation and Angola’s Cargo and Logistics Certification Agency to build 22 grain silos along the Lobito Corridor, enhancing food security and agriculture logistics.

·       A $170 million deal between U.S. tech firm Cybastion and Angola Telecom to boost digital infrastructure and cybersecurity.

·       An MoU signed by CEC Africa Sierra Leone Ltd. to develop West Africa’s first U.S.-sourced LNG terminal, which will power Sierra Leone’s 108MW Nant Power Project.

·       U.S.-based Anzana Electric Group’s involvement in the $760 million Ruzizi III hydropower project between Rwanda and the DRC, expected to provide electricity to 30 million people.

·       A $200 million tourism infrastructure investment in Ethiopia by U.S. International Finance Partners, in collaboration with Ethiopia Investment Holdings.

·       A $1.5 billion agreement between U.S. investor Hydro-Link and the Angolan government to construct a 1,150-kilometer power transmission line linking Angola’s hydro plants to DRC’s critical mineral mines.

Led by Ambassador Troy Fitrell, the U.S. delegation focused on securing trade deals and advancing U.S.-Africa commercial ties in line with America’s broader economic strategy for the continent. The summit showcased a growing mutual interest in fostering long-term investment and prosperity through infrastructure, energy, technology, and tourism.