President Faure Gnassingbé of Togo recently hosted Dr. George Elombi, Chairman of the Board of Directors for Afreximbank, in Lomé. Their discussions centered on bolstering the strategic partnership between Togo and the prominent pan-African financial institution, alongside exploring significant Togo investment opportunities across various key sectors.
During their high-level meeting, the two leaders delved into diverse avenues aimed at accelerating the industrial transformation of local resources. Key areas of focus included enhancing the phosphate sector, boosting energy production to support industrial zones, and developing robust mechanisms for valorizing Africa’s raw materials.
“We engaged in productive exchanges regarding wealth creation through the processing of Togolese primary products. Our discussions specifically touched upon phosphates, energy generation for industrial areas, and other critical aspects of raw material transformation within African nations,” stated Dr. George Elombi following the meeting.
The Afreximbank official further reiterated his institution’s unwavering commitment to assisting Togo in securing essential financing and technical partners. This support is crucial for advancing the nation’s ambitious industrial development projects.
Dr. George Elombi’s visit to Lomé coincided with the 3rd edition of the Biashara Afrika business forum, an event jointly organized by the Togolese government and the African Continental Free Trade Area (AfCFTA).
This significant encounter underscores Togo’s increasing appeal to international investors and financial partners. It also highlights the Togolese authorities’ firm commitment to fostering the local transformation of natural resources as a pivotal driver for economic growth and value creation across the African continent.
