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Africa: Investments in Africa Dominate Angolan President Agenda in Dubai

The summit aims to shift Africa from aid to investment, focusing on local value addition and job creation, with over 35 heads of state attending, organizers said.

  • At the World Governments Summit in Dubai, João Lourenço, President of Angola, led the launch of the Global Investment Summit for Africa with partner African leaders.
  • Citing past development-aid shortcomings, officials explained the platform arises from the need to shift away from aid that 'did not bring solutions' toward investment, Tête António said.
  • African delegations stressed building critical-minerals value chains and local processing, rejecting 1940s–60s export models, at the Dubai summit with 150 governments present.
  • Senegal, for one, urged investing in human capital as a key part of its Senegal 2050 agenda, while officials said the initiative aims to attract investors to process local products, create added value, and generate jobs.
  • UAE officials framed the Dubai summit as a neutral platform, with Omar Al Olama saying `The world requires a place where, whether it's adversaries, whether it's different geographies, to at least have dialogue` and discussions focused on artificial intelligence and digital transformation.
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President Daniel Noboa concluded this Wednesday, February 4, 2026, his official tour in the United Arab Emirates participating in the opening of the high-level meeting with authorities and entrepreneurs in that country that was named ‘New Ecuador’.

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Newswire broke the news in on Monday, February 2, 2026.
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