Togo president discusses investment boost with afreximbank chair

Lomé witnessed a high-level meeting this week as President Faure Gnassingbé welcomed Dr. George Elombi, Chair of the Afreximbank Board of Directors, to discuss ways of deepening economic cooperation between Togo and the pan-African financial institution. The discussions centered on unlocking investment potential across key sectors while reinforcing strategies for industrial transformation.

strengthening industrial partnerships

During the closed-door session, both leaders examined opportunities to accelerate Togo’s industrial development, with a focus on leveraging local resources. Dr. Elombi highlighted critical areas such as phosphate processing, energy supply for industrial zones, and the valorization of raw materials—all aimed at boosting value addition within Africa’s supply chains.

« Our dialogue explored pathways to generate wealth from Togo’s natural resources,» Dr. Elombi stated. « Phosphate extraction, energy generation for industrial hubs, and broader efforts in raw material transformation were key topics of our exchange.»

financing and technical support for Togo’s growth

Afreximbank reaffirmed its commitment to supporting Togo’s industrial ambitions by mobilizing financial resources and forging strategic technical partnerships. The institution’s role in facilitating access to funding and expertise is seen as pivotal for implementing large-scale projects aligned with the country’s economic diversification goals.

a forum for continental collaboration

Dr. Elombi’s visit coincided with the third edition of the Biashara Afrika Business Forum, co-organized by the Togolese government and the African Continental Free Trade Area (AfCFTA). The event underscores Togo’s growing appeal as an investment destination while emphasizing the nation’s proactive stance in promoting local processing of natural resources to drive sustainable economic growth across the continent.

The meeting reflects a broader trend: African nations are increasingly prioritizing value-added production to reduce reliance on raw material exports and foster industrial self-sufficiency.