US – AFRICA NON-OIL SECTORS INVESTMENT FORUM

In recent years, Africa has made significant strides in diversifying its economy beyond traditional oil and gas sectors, driven by the need to reduce dependency on volatile commodity prices and to harness the continent's vast potential in other sectors. In 2023, non-oil sectors such as technology and agriculture contributed significantly to Africa's GDP, which grew at an estimated rate of 3.6%, despite global economic uncertainties.

The United States has historically been a key partner for Africa, with a strong emphasis on oil and gas investments. However, there has been a notable shift towards exploring opportunities in non-oil sectors. In 2023, US foreign direct investment (FDI) in Africa reached approximately $60 billion, with a growing share directed towards technology, healthcare, and agriculture. The US is now leveraging its advanced technological capabilities, expertise in agriculture, and strong educational institutions to engage more deeply with Africa’s non-oil sectors.

The US-Africa Non-Oil Sectors Forum therefore emerges as a timely and strategic response to the evolving economic landscape in both Africa and the United States. As Africa transitions from its traditional reliance on oil and gas, there is a concerted effort to diversify economic activities and foster growth in non-oil sectors. This transformation is crucial for Africa’s long-term economic stability and presents significant opportunities for international partners, including the United States.

The forum aims to bridge gaps between US and African stakeholders, facilitating deeper collaboration in key non-oil industries such as technology, agriculture, healthcare, education, and renewable energy, creating a platform for dialogue and exchange, fostering strategic partnerships, addressing sector-specific challenges, and promoting knowledge sharing. This collaborative environment is designed to leverage the strengths of each partner, identify and tackle technological barriers, infrastructure deficits, and regulatory hurdles, and ultimately drive progress in these critical sectors.

The forum aligns with broader goals of promoting sustainable development, innovation, and economic diversification in Africa. It offers lucrative opportunities for US companies to explore new markets and expand in Africa’s growing non-oil sectors, such as renewable energy, healthcare innovation, and digital technology. US investors can gain insights into sectoral trends and investment climates, positioning them to invest in high-potential areas with promising returns.

At the same time, the forum benefits African companies and investors by providing a platform to connect with US counterparts, access new technologies, and form strategic partnerships. African businesses can enhance their market reach and operational capabilities, while investors can engage in joint ventures and secure capital for impactful projects. This synergy drives mutual growth and development, creating valuable opportunities on both sides.

Key Highlights of the Forum

1) Keynote Addresses & High-Level Thematic Panel Discussions

2) Bilateral Meetings, Policy Alignment Discussions & Exclusive Networking Sessions

3) Workshops and Breakout Sessions

4) Exhibition and Showcase (Countries and States Governments Investment Showcase)

5) Unveiling of the African Leadership Magazine’s special publications

Host or Publisher African Leadership Organization UK Limited