In a significant meeting held in Lomé on Monday, President Faure Gnassingbé welcomed Dr. George Elombi, the esteemed Chairman of the Board of Directors for Afreximbank. Their discussions primarily focused on solidifying the partnership between Togo and the prominent pan-African financial institution, while also exploring various avenues for strategic investment across several key sectors.
During this high-level encounter, the two leaders thoroughly examined strategies aimed at accelerating the industrial transformation of local resources. Their dialogue specifically encompassed the vital phosphate industry, enhancing energy production to support burgeoning industrial zones, and establishing mechanisms for adding greater value to Africa’s raw materials.
“We engaged in comprehensive discussions regarding wealth creation through the transformation of Togolese primary products. Our conversations specifically addressed phosphates, energy provision for industrial parks, and other pertinent topics concerning the processing of raw materials within African nations,” Dr. George Elombi affirmed following the meeting.
The Afreximbank executive further reiterated his institution’s steadfast commitment to assisting Togo in mobilizing crucial financing and securing technical partners. This support is designed to bolster the country’s ambitious industrial development projects.
Dr. George Elombi’s visit to Lomé coincided with the third 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 meeting highlights Togo’s increasing attractiveness to international investors and financial partners. It also vividly demonstrates the Togolese authorities’ unwavering commitment to championing the local transformation of natural resources as a pivotal driver for economic growth and the creation of added value across the African continent.
