Record-Breaking U.S.-Africa Business Summit Secures $2.5 Billion in Deals and Commitments

Luanda, Angola – June 30, 2025 — The 17th U.S.-Africa Business Summit concluded in Luanda, Angola, with a historic \$2.5 billion in trade and investment deals, highlighting a renewed push to elevate U.S.-Africa commercial ties. The Summit, held from June 22 to 25, attracted over 2,700 high-level participants, including 12 African Heads of State, senior U.S. government officials, and global business leaders.

Hosted by the Corporate Council on Africa in partnership with the President of Angola, the summit marked a milestone in advancing the Trump Administration’s Commercial Diplomacy Strategy for Africa. The U.S. delegation was led by Ambassador Troy Fitrell, Senior Bureau Official for African Affairs, and included key officials responsible for expanding American economic engagement on the continent.

Transforming Trade: From Aid to Partnership

The event signaled a shift from traditional aid-based development models to a focus on mutual investment-led growth. Senior Advisor for Africa Massad Boulos emphasized, “This Summit demonstrated the strong appetite on both sides of the Atlantic for deeper trade, sustainable infrastructure, and long-term partnerships rooted in shared prosperity.”

The summit’s outcomes reinforced this vision, with a series of groundbreaking agreements and commitments designed to boost food security, expand digital infrastructure, promote clean energy, and build tourism capacity across Africa.

Major Announcements:

Amer-Con Corporation & Angolan Cargo and Logistics Regulatory Agency
A Florida-based consortium led by Amer-Con signed a strategic deal to construct and operate 22 grain silo terminals along Angola’s Lobito Corridor. Backed by the U.S. Export-Import Bank, the project is set to bolster Angola’s food security and revolutionize agricultural logistics.

Cybastion & Angola Telecom
U.S. tech firm Cybastion inked a \$170 million agreement with Angola Telecom to scale up digital infrastructure and cybersecurity through its “Digital Fast Track” initiative, promising next-generation connectivity and local tech capacity building.

CEC Africa & AG\&P
CEC Africa Sierra Leone Ltd. and AG\&P signed an MoU to establish West Africa’s first U.S.-sourced LNG terminal. Backed by the U.S. International Development Finance Corporation, the project will power Sierra Leone’s 108MW Nant Power Project and deliver affordable energy to households and industries.

Ruzizi III Holding Power Company & Anzana Electric Group
Anzana Electric Group secured a 10% equity partnership in the \$760 million Ruzizi III hydropower project, aimed at bringing clean, reliable energy to over 30 million people in Rwanda and the Democratic Republic of Congo. The initiative is expected to promote cross-border energy integration and regional stability.

Ethiopia Investment Holdings & U.S. International Finance Partners
An agreement to invest over \$200 million in Ethiopia’s tourism infrastructure was signed, focusing on luxury hotels and branded residences. The deal aligns with President Taye Atske Selassie’s national development vision and was signed in his presence.

Hydro-Link & Government of Angola
In a major energy infrastructure breakthrough, Hydro-Link committed to developing a \$1.5 billion, 1,150-kilometer transmission line connecting Angola’s hydroelectric sites to mineral-rich Kolwezi in the DRC. The corridor will deliver up to 1.2GW of clean power to support mining operations and regional electrification.

A New Era in U.S.-Africa Commercial Relations

With these landmark deals, the 2025 Summit redefined U.S.-Africa economic cooperation, focusing on partnerships built on mutual benefit, trust, and long-term growth. U.S. Acting Director of the Trade and Development Agency, Thomas Hardy, said, “We are moving from transactional interactions to transformational investments that will power Africa’s future and deliver real returns for American businesses.”

As African nations position themselves as global investment destinations, the Summit affirmed the United States’ role as a trusted partner — not only in commerce but also in shaping a resilient, digitally connected, and energy-secure Africa.