Angolan President Joao Lourenco referred to as on US corporations to increase their investments in Africa past conventional oil and mineral extraction to industries equivalent to cars, shipbuilding, tourism, cement and metal.
“American corporations working in Angola are already benefiting from a good enterprise local weather,” he mentioned on Monday on the opening of the US-Africa Enterprise Summit in Luanda, the capital. “Now we wish to see broader engagement.”
The occasion was held as US commerce rival China seeks to increase its affect on the continent by providing to take away levies on imports from virtually all African international locations, whereas America threatens reciprocal tariffs after a 90-day pause ends on July 9. The US has additionally minimize help to the continent and banned journey from sure African nations.
- Advertisement -
Generated by readers, the feedback included herein don’t replicate the views and opinions of Rigzone. All feedback are topic to editorial evaluation. Off-topic, inappropriate or insulting feedback shall be eliminated.
