Angola’s Lourenço tells U.S : shift from aid to investment

“It is time to replace the logic of aid with the logic of ambition and private investment”, Lourenço said in the opening speech of the 17th U.S-Africa Business Summit.   

He noted that Africa still needs financial capital and know-how from the U.S, but added that these investments would be an arrangement of “mutual benefit” with the U.S  

The emphasis on ‘mutual benefit’ in President João Lourenço’s opening…