President Faure Gnassingbé of Togo recently hosted Dr. George Elombi, Chairman of the Board of Directors for Afreximbank, in Lomé. Their discussions centered on strengthening the partnership between the West African nation and the prominent pan-African financial institution, alongside exploring significant investment opportunities across various strategic sectors.
During their high-level meeting, both dignitaries delved into avenues for accelerating the industrial transformation of Togo’s rich local resources. Key areas of conversation included the vital phosphate industry, boosting energy production to power industrial zones, and developing robust mechanisms for enhancing the value of African raw materials.
Dr. George Elombi remarked on the productive nature of the talks, stating that they focused on generating wealth through the processing of Togolese primary products. He specifically highlighted discussions around phosphate, providing energy for industrial areas, and other initiatives aimed at transforming raw materials within African countries.
The Afreximbank official reiterated his institution’s firm commitment to supporting Togo. This support encompasses mobilizing crucial financing and technical partners to advance the country’s ambitious industrial development projects.
Dr. 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 vividly demonstrates the Togolese authorities’ unwavering dedication to promoting the local processing of natural resources as a fundamental driver for economic growth and value creation across the African continent.
