The U.S.-Africa Business Summit held in Luanda, Angola, underscored the importance of peace and stability in fostering cross-border trade and critical mineral supply chains. Attendees included President Lourenco of Angola, various dignitaries, and representatives from both the diplomatic and business sectors.
The Trump administration emphasized its commitment to strengthening economic ties between the United States and African nations through an investment-led model focused on commercial engagement rather than traditional development aid. "We believe that business and trade, not aid, are the engines of long-term, sustainable growth," a spokesperson noted.
A central theme was the link between peace and economic development. "As President Trump and Secretary Rubio have made clear, this administration is focused on advancing peace because we recognize the critical connection between peace, stability, and economic growth," it was stated. The U.S. aims to support regions like Libya, the Sahel, Sudan, and particularly the Great Lakes region where conflict has impeded progress.
In efforts to promote regional stability, Secretary of State Rubio recently hosted discussions leading to a Declaration of Principles aimed at achieving peace in eastern DRC. Following this, three days of peace talks were conducted in Washington D.C., culminating in an initial Peace Agreement text with plans for formal signing soon.
Peace is expected to unlock new commercial opportunities in areas such as mining and infrastructure. The DRC and Rwanda could see benefits from increased regional integration facilitated by lasting peace agreements. The United States is prepared to support these efforts by promoting responsible business practices among U.S. companies operating there.
The Lobito Corridor project in Angola was highlighted as a successful example of what can be achieved through collaboration for rehabilitation efforts like those involving the Benguela Rail. "Angola is showing what’s possible," a spokesperson remarked about how peace supports investment foundations.
The summit reaffirmed U.S. dedication to working alongside African partners towards mutual prosperity driven by stable conditions conducive to growth.