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Africa: AfDB' S President Calls for Enhanced USA Investment in Africa

  • The 2025 U.S.-Africa Business Summit took place in Luanda, Angola, gathering over 2,000 delegates including African leaders and U.S. officials.
  • The summit responded to slowed Foreign Direct Investment and declining global development assistance amid increasing trade barriers and funding cuts.
  • Speakers like AfDB President Akinwumi Adesina and Angolan President João Lourenço emphasized replacing aid with strategic investment in infrastructure, trade, and diversified industries.
  • Adesina highlighted Africa as a promising investment destination, emphasizing its low risk premium and the potential for returns ranging from 15 to 20 percent.
  • The summit highlighted the need to reimagine U.S.-Africa relations toward equitable partnerships fostering sustained growth through increased private investment and cooperation.
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IPS broke the news in Rome, Italy on Tuesday, June 24, 2025.
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