A press release from the US embassy in Angola and São Tomé and Príncipe states that an agreement was signed between the US company Cybastion and Angolan company Angola Telecom for a joint investment of 170 million dollars to modernise Angola's digital infrastructure, strengthen its digital sovereignty and train national cybersecurity professionals.
Through the "Digital Fast Track" initiative, this partnership promises to "accelerate digital transformation in Africa and expand the presence of US companies on the African continent", an agreement that follows on from a memorandum of understanding signed in March this year in Barcelona, Spain.
Another legal instrument was signed for Sierra Leone to become the home of the first US Liquefied Natural Gas (LNG) terminal in West Africa.
This memorandum of understanding was signed between the Government of Sierra Leone and CEC Africa Sierra Leone for the development of the first LNG terminal imported from the US in West Africa.
"The terminal will support the Nant Power project, with a capacity of 108 MW, promoting energy transition and industrialization", the note states, adding that the initiative will be co-developed with the North American company Atlantic, Gulf and Pacific (AG&P), with support from the US International Development Finance Corporation, the financing entity and political risk insurer of the project.
The companies Ruzizi III Holding Power Company Limited and Anzana Electric Group Limited have signed an invitation to partner, "which marks a decisive milestone in the 206 MW hydroelectric project, located between Rwanda and the Democratic Republic of Congo (DRCongo).
According to the note, Anzana, a North American company, is committed to negotiating a stake of at least 10 percent in the capital by September this year.
The initiative is expected to benefit around 30 million people in Burundi, Rwanda and DRCongo, strengthening energy security and regional integration.
Angola has been hosting the 17th US-Africa Business Summit since the 22nd of this month, which ends this Wednesday.
