Africa-Press – Angola. Angolan president and chairperson of the African Union (AU), João Lourenço, announced on Tuesday in Dubai, United Arab Emirates, that Angola will host the first Global Investment Summit on Africa later this year.
The announcement was made during the Summit on Investment in Africa, which served as the official launch of the initiative, on the sidelines of the World Government Summit, where the Angolan statesman expressed satisfaction in joining the event and stressed that the platform represents a new stage in mobilizing global capital for the African continent.
According to João Lourenço, the Global Investment Summit on Africa embodies the spirit of reflection and responsible governance promoted by the United Arab Emirates, while also constituting a space for collective mobilization to reaffirm that Africa is prepared to explore new ways of attracting investment.
The Head of State highlighted that the presence of international leaders and investors reflects a shared vision of a prosperous, dynamic, and interconnected Africa.
He praised the leadership of the President of the African Development Bank (AfDB), Akinwumi Adesina, for ten years of transformative management at the head of the institution.
João Lourenço formalized Angola’s commitment to fully support the event and expressed gratitude to Margery Krause for co-founding the initiative and for her demonstrated commitment.
Paradigm shift
During his speech, the chairperson of the African Union said that the continent is witnessing a paradigm shift in the way it attracts investment, focusing on the need to unlock the value of sovereign assets to accelerate development and implement Agenda 2063, called “The Africa We Want”.
He emphasized that recent global geopolitical dynamics send a clear signal that Africa must promote its development based on discipline and quality of investment.
The statesman recalled that the continent holds about 40 percent of the world’s reserves of minerals, metals, and rare elements, essential resources for the global energy transition, especially in the production of renewable energies and in the manufacture of batteries and electric vehicles.
He added that African natural gas can contribute to the world’s energy supply, while forests and biodiversity represent strategic assets within the framework of sustainable development.
In his view, Africa should increasingly leverage these sovereign assets, with a view to their economic valuation and wealth generation.
Lourenço stressed that the Global Africa Investment Summit is precisely designed to support African countries in this process and that the initiative constitutes an institutional bridge that, if well structured, will connect the continent to global investors in a safe, sustainable, and mutually beneficial way.
“We will clearly demonstrate how capital investors need to confidently model their long-term returns,” he said.
He reinforced that the Summit will work with African countries to offer investors this predictability, with stable rules, transparent incentive regimes, and respected contracts.
In the final part of his speech, the President of the Republic invited participants to attend the first Global Investment Summit in Africa in Luanda.
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