In a significant move to bolster economic ties, Togo’s President Faure Gnassingbé welcomed Dr. George Elombi, Chairman of the Board of Afreximbank, for a strategic meeting in Lomé. The discussions centered on deepening the partnership between the Togolese government and the pan-African financial institution, with a sharp focus on unlocking investment potential across key sectors.
strengthening industrial transformation and resource valorization
During the meeting, both leaders examined ways to fast-track the industrial transformation of local resources. The talks highlighted critical sectors such as phosphate mining, energy production for industrial zones, and strategies to enhance the value of Africa’s raw materials. Dr. Elombi emphasized the importance of these initiatives in driving economic growth and fostering self-sufficiency on the continent.
« Our conversation revolved around harnessing Togo’s natural wealth through value addition, » stated Dr. Elombi. « We specifically addressed phosphate processing, energy solutions for industrial areas, and broader approaches to transforming African raw materials into high-value products. »
Afreximbank’s commitment to Togo’s industrial development
The Chairman of Afreximbank reaffirmed his institution’s dedication to supporting Togo in securing financing and technical partnerships. These resources are vital for advancing the country’s industrial development projects and positioning it as a hub for economic transformation in West Africa.
Biashara Afrika forum underscores Togo’s growing appeal
Dr. Elombi’s visit aligned with the third edition of the Biashara Afrika business forum, co-organized by the Togolese government and the African Continental Free Trade Area (AfCFTA). This event underscores the country’s rising attractiveness to international investors and financial partners, as well as its commitment to promoting local resource processing as a catalyst for economic growth and added-value creation across Africa.
