Africa-Press – Angola. The President of the Republic, João Lourenço, will carry out, starting this Monday, a work schedule in the American city of Dallas, State of Texas, where he is to participate in the 16th Business Summit USA- Africa.
The Angolan Head of State is among the senior African government entities invited to this summit, which will discuss, for four days, innovative solutions to boost commercial cooperation between North Americans and Africans.
In addition to João Lourenço, his counterparts from Cape Verde, José Maria Neves; from Mozambique, Filipe Nyusi; from Botswana, Mokgweetsi Masisi; from Malawi, Lazarus Chawera; from Nigeria, Bola Tinubu; and from Liberia, Joseph Boakai.
Depending on the organization of the event, Nthomeng Majara, deputy prime minister of Lesotho, must also be present; Muhammad BS Jallow, Vice President of The Gambia; and David Sengeh, chief minister of Sierra Leone.
Several ministers will also participate representing the areas of Commerce, Health, ICT, Energy, Investments and Agriculture from Angola, Côte d’Ivoire, Botswana, Cape Verde, Lesotho, Liberia, Mauritania, Morocco, Mozambique, Nigeria, Sierra Leone, Gambia, Togo and Zambia, as well as US Government officials.
During his stay in Dallas, the Angolan President is expected to participate in two High-Level Dialogues, on Investment in Strategic Infrastructures and Sustainable Growth, and on Africa’s Energy Future, in which he will present Angola’s experience and the results obtained with the various Executive projects in these areas.
Press found that João Lourenço’s first day in Dallas will be filled, essentially, with hearings from different entities, with which he will reinforce economic diplomacy, aiming to attract more and more investors to Angola.
Organized by the Business Council for Africa (CCA), the summit will be attended by more than 1,500 executives from the public and private sectors in the US and Africa, hundreds of international investors and US Government officials.
The initiative aims to discuss solutions to boost sustainable commercial partnerships between the USA and the African continent, which is increasingly strategic and a priority in the foreign policy of the North American Administration.
USA and Africa consolidate partnership
Over the past two years, the US Government and public and private sector funders have stepped up to support Africa in ensuring inclusive growth and creating the best possible environment for sustained business engagement.
In this regard, President Joe Biden announced, in 2022, that the United States is fully involved in the future of Africa, having expressed the intention to work together to build a future of opportunities where no one is left behind.
He announced that his country will sign a historic memorandum of understanding with the new African Continental Free Trade Area (AfCFTA) Secretariat, which will open up new trade and investment opportunities between the countries and bring Africa and the United States closer together than ever before. Never.
According to Biden, this is a huge opportunity for the future of Africa, so the United States wants to help make these opportunities real.
He recalled that the AfCFTA will represent one of the largest free trade zones in the world, with 1.3 billion people and a market totaling 3.4 trillion dollars (one American dollar is equivalent to 835 kwanzas).
He said that his country is investing to facilitate regional trade in Africa, including investing in infrastructure, and within this framework, the Millenium Challenge Corporation (MCC) signed its first regional transport agreement with the governments of Benin and Niger.
This agreement will invest 500 million dollars to build and maintain roads, implement policies that reduce transport costs, making it easier and faster for ships to send goods from the Port of Cotonou to landlocked neighbors (countries without sea).
Since the beginning of his administration, he said, MCC has announced new investments of almost 1.2 billion dollars in Africa, and he expects MCC to commit an additional 2.5 billion, across Africa, in the next three years alone, supporting everything from agriculture to transportation and access to renewable energy.
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