More than 2,700 public and private sector leaders from Africa and the United States recently gathered for their joint business summit.
The 17th U.S.-Africa Business Summit was hosted by the Corporate Council on Africa and the President of Angola.
The 2025 Summit marked a record turnout, including 12 African Heads of State.
The U.S. Delegation, led by Ambassador Troy Fitrell, Senior Bureau Official for African Affairs, included the senior-most officials advancing U.S. commercial engagement across Africa, among them Massad Boulos, Senior Advisor for Africa and Thomas Hardy, the Acting Director, U.S. Trade and Development Agency.
Others were Constance Hamilton, the Assistant U.S. Trade Representative for Africa, Connor Coleman, Head of Investments and Chief of Staff, U.S. International Development Finance Corporation and Tamara Maxwell, Senior Vice President for Small Business, Export-Import Bank of the United States.
The record turnout made clear that both the United States and African leaders share a strong commitment to significantly expanding trade and investment.
Washington’s objective at the Summit was to secure key deals and commitments for the United States companies and establish the conditions to boost America’s exports and investment in Africa — advancing mutual prosperity in line with the Trump Administration’s Commercial Diplomacy Strategy for Africa.
Key Outcomes: USD 2.5 Billion in Deals and Commitments
During the Summit, more than USD2.5 billion in new deals and commitments between U.S. and African partners were announced, reinforcing the United States’ prioritization of trade over aid approach to Africa.
That is engaging Africans as peers and partners in investment-led growth.
Major Deals and Commitments for U.S. Companies:
Amer-Con Corporation and Angolan Cargo and Logistics Certification Regulatory Agency
A U.S. consortium led by Florida-based Amer-Con Corporation signed a Strategic Partnership Agreement with the Angolan Cargo and Logistics Certification Regulatory Agency to construct and operate 22 grain silo terminals along the Lobito Corridor.
The project is backed by the U.S. Export-Import Bank and is expected to significantly enhance Angola’s food security and agri-logistics capacity.
Cybastion and Angola Telecom
U.S. technology firm Cybastion and Angola Telecom signed a USD 170 million investment deal to expand digital infrastructure and cybersecurity through Cybastion’s “Digital Fast Track” initiative, providing local training and modern infrastructure for Angola’s digital transformation.
CEC Africa and AG&P
CEC Africa Sierra Leone Ltd. signed a Memorandum of Understanding to develop West Africa’s first U.S.-sourced LNG terminal, in partnership with AG&P and backed by the U.S. International Development Finance Corporation.
The terminal will power the 108MW Nant Power Project in Sierra Leone and enable affordable energy for industrial and household use in Sierra Leone.
Ruzizi III Holding Power Company and Anzana Electric Group
The Ruzizi III Holding Power Company signed an Invitation to Partner with U.S.-based Anzana Electric Group, paving the way for a 10 percent equity stake in a USD 760 million hydropower project spanning Rwanda and the DRC.
The project will deliver reliable energy to 30 million people across the region and promote regional integration and stability.
Ethiopia Investment Holdings and U.S. International Finance Partners
Ethiopia Investment Holdings signed a Memorandum of Understanding with U.S. International Finance Partners to invest more than USD 200 million in the development of luxury hotels, branded residences, and related tourism infrastructure in Ethiopia.
The agreement aligns with the development priorities of Ethiopian President Taye Atske Selassie, who witnessed the signing.
Hydro-Link and the Government of Angola
U.S. energy investor Hydro-Link signed an agreement with the Angolan Government to develop a USD 1.5 billion private transmission line connecting hydropower sites in Angola to critical mineral mines in the DRC.
This 1,150-kilometer transmission corridor will enable the delivery of up to 1.2 gigawatts of reliable electricity from Angola’s Luaca plant and other hydroelectric facilities to the Kolwezi mining region in the DRC, supporting the region’s mining operations and energy needs.