Angolan President Urges US Firms to Invest Beyond Oil, Minerals

Angolan President Joao Lourenco called on US companies to expand their investments in Africa beyond traditional oil and mineral extraction to industries such as automobiles, shipbuilding, tourism, cement and steel.

“American companies operating in Angola are already benefiting from a favorable business climate,” he said on Monday at the opening of the US-Africa Business Summit in Luanda, the capital. “Now we want to see broader engagement.”