Luanda: Africa is ready to cooperate with the US, with governments poised to facilitate these partnerships, and the private sector eager to form alliances that yield profits and shared prosperity, Angolan Head of State Joo Louren§o announced at the 17th US-Africa Summit.
According to Angola Press News Agency, President Louren§o, in his opening speech, emphasized the need to shift from aid to ambition and private investment. He highlighted Africa's potential as a credible partner, noting the continent's need for financial capital and know-how to achieve mutual benefits.
Addressing the role of the United States, Louren§o pointed out that the US, having no colonial history in Africa, should view the continent with a fresh perspective and recognize that contributing to Africa's development will be advantageous for both the US and the world. He stressed the importance of collaboration in tackling the global food and energy crises.
The AU chairperson underscored the urgency of strengthening economic and strategic security ties, where the US plays an indispensable role on the global stage. Louren§o observed that US involvement in Africa has transitioned from mere assistance to a focus on private investment, innovation, and building strong partnerships.
He urged that US investment should extend beyond resource extraction to include manufacturing industries like iron and steel, agriculture, and tourism, noting the favorable business environment for foreign investors in Africa.
The summit, themed 'Pathways to Prosperity,' gathers state figures such as F©lix Tshisekedi of the Democratic Republic of Congo and other African leaders, alongside business executives from various sectors.
Organized by the Corporate Council on Africa in partnership with the Angolan government, the event hosts over 2,815 participants, including discussions on infrastructure, agriculture, and health, with high-level sessions and networking opportunities.
