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Africa seeks alliances in line with its countries’ sovereignty

Luanda, Jun 23 (Prensa Latina) The president of Angola and acting head of the African Union (AU), João Lourenço, said today that Africa seeks partnerships that conform to the sovereignty of their countries and value local content.

During the opening of the debates of the 17th United States-Africa Business Summit, which is being held in Luanda from June 22 to 25, the president insisted that, more than capital, the continent needs partners that promote the transfer of knowledge and contribute to the generation of qualified jobs.

In the presence of heads of state and government, politicians, diplomats, investors, bankers, traders and entrepreneurs, Lourenço insisted that the forum should be a space for building an economic paradigm based on strategic partnership with reciprocal advantages.

“We would like to see U.S. private direct investment in our continent not only limited to the extraction of conventional and rare mineral resources and the oil and gas energy sector, but also interested in other types of industries,” the president said.

In this regard, he mentioned manufacturing, iron and steel, cement production, agriculture, shipbuilding, automotive and tourism.

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