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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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"It's really the age of, not just the Angolans, but the Africans in general, it's the time to start thinking and working by their head. It's the time they don't always ask for advice outside," the author said to the journalists, outside of the launch session. These advices "they were taxed" and now are no longer, "but we're just asking, because we're used to it," Pepetela said, adding that "it was good to look into our realities for some time" a…

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IPS broke the news in Rome, Italy on Tuesday, June 24, 2025.
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