Latest news with #USAfricaBusinessSummit
Bloomberg
11-07-2025
- Business
- Bloomberg
The US's Africa Policy Is Now Crystal Clear. Its Success Is Not.
Following six months of policy whiplash on trade, tariffs, travel bans, aid, minerals and peacemaking, the message from US President Donald Trump to Africa seems clear, as he put it this week: 'We're shifting from aid to trade…In the long run this will be far more effective and sustainable and beneficial than anything else that we could be doing together.' On Wednesday, the president hosted five West African leaders — from Gabon, Guinea-Bissau, Liberia, Mauritania and Senegal — at the White House and said there was 'tremendous wealth there and potential.' Just two weeks ago, an ebullient Trump and Secretary of State Marco Rubio oversaw the signing of a peace and minerals deal between the Democratic Republic of Congo and Rwanda And, the week before, Trump administration officials dominated discussions at the 2700-delegate 17th US.-Africa Business Summit in Luanda, Angola.
Zawya
25-06-2025
- Business
- Zawya
African Union Commission (AUC) Chairperson held a bilateral meeting with United States (US) @StateDept Senior Advisor for Africa, H.E. Massad Boulos, & Senior Bureau Official, Hon. @tdf_dc
H.E. @ymahmoudali held a bilateral meeting with US @StateDept Senior Advisor for Africa, H.E. Massad Boulos,&Senior Bureau Official, Hon. @tdf_dc, on the sidelines of the US-Africa Business Summit in Luanda. The Chairperson welcomed renewed US engagement in Africa, particularly in trade, investment,&peace&security. He underscored the importance of fostering a mutually enabling environment, including on trade, investments&market access to promote&advance a more balanced&partnership. Distributed by APO Group on behalf of African Union (AU).
Zawya
25-06-2025
- Business
- Zawya
Egypt committed to strengthening partnerships with African nations
Egypt - Mohamed El-Shimy, Minister of the Public Enterprises Sector, held a series of high-level bilateral meetings on the sidelines of the 17th US-Africa Business Summit, currently taking place in Luanda, Angola, from 22 to 25 June. El-Shimy is participating as Egypt's official representative, accompanied by Nevine El-Husseiny, Egypt's Ambassador to Angola, as part of Cairo's ongoing efforts to deepen economic cooperation with African countries. During his meeting with Esperança da Costa, Vice President of Angola, both sides reaffirmed the strength of historic ties between Egypt and Angola and discussed avenues for expanding cooperation in key priority sectors. The meeting also highlighted the significance of the summit as a forum for dialogue between governments and the private sector, particularly as Angola holds the presidency of the African Union this year and celebrates 50 years of independence. El-Shimy also met with several African ministers and senior officials attending the summit, including Rui de Oliveira, Angola's Minister of Industry and Trade; Isaac Francisco, Minister of Agriculture; Sílvia Paula, Minister of Health; and Armando Manuel, Chairperson of Angola's Sovereign Wealth Fund. Other key meetings included discussions with Julien Paluku, Minister of Trade of the Democratic Republic of the Congo; Karim Zaidan, Morocco's Minister of Investment; and Mohamed Arkab, Algeria's Minister of Energy. The talks focused on boosting cooperation between Egypt and these countries in various fields including investment, joint industrial ventures, and trade exchange—contributing to deeper regional economic integration and advancing sustainable development objectives. El-Shimy stressed that Egypt, under the leadership of President Abdel Fattah El-Sisi, attaches great importance to enhancing partnerships with African nations on the basis of mutual interests and regional unity. He noted that the Ministry of Public Enterprises Sector is working actively to expand collaboration with African counterparts, especially in strategic productive sectors. He added that these engagements align with Egypt's broader strategy to open new markets for Egyptian companies across the continent, facilitate the transfer of industrial and technological expertise, and foster joint ventures with both public and private sector partners in African states. El-Shimy concluded by highlighting the wide-ranging opportunities available for cooperation across multiple sectors and reiterated the importance of the summit as a key platform for direct interaction between government leaders and private sector stakeholders across Africa. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
Bloomberg
24-06-2025
- Business
- Bloomberg
What Deals to Expect at the US-Africa Business Summit
Horizons Middle East and Africa The US-Africa Business Summit started in Luanda, Angola, on Monday. At the opening of the event, Angolan President Joao Lourenco called on US companies to expand their investments in Africa beyond traditional oil and mineral extraction to industries such as automobiles, shipbuilding, tourism, cement and steel. Bloomberg's Jennifer Zabasajja reports on what deals can be expected. (Source: Bloomberg)
Bloomberg
23-06-2025
- Business
- Bloomberg
Angolan President Urges US Firms to Invest Beyond Oil, Minerals
Angolan President Joao Lourenco called on US companies to expand their investments in Africa beyond traditional oil and mineral extraction to industries such as automobiles, shipbuilding, tourism, cement and steel. 'American companies operating in Angola are already benefiting from a favorable business climate,' he said on Monday at the opening of the US-Africa Business Summit in Luanda, the capital. 'Now we want to see broader engagement.'
