The President of the Togolese Council, Faure Gnassingbé, hosted a pivotal meeting on Monday in Lomé with Dr. George Elombi, Chairman of the Afreximbank Board. The high-level discussions centered on deepening the strategic partnership between Togo and the pan-African financial institution, with a sharp focus on unlocking investment potential across key economic sectors.
boosting industrial transformation and local resource valorization
During the closed-door session, both leaders examined concrete pathways to accelerate Togo’s industrial transformation agenda. Central to the conversation were the country’s phosphate sector, the development of energy infrastructure to power industrial zones, and innovative strategies for enhancing the value of locally sourced raw materials.
Dr. George Elombi emphasized the significance of these initiatives, noting, « The meeting highlighted pathways to generate wealth through the transformation of Togo’s primary resources. We explored opportunities in phosphate processing, energy generation for industrial hubs, and broader efforts to add value to African raw materials. »
afreximbank’s commitment to supporting Togo’s industrial growth
The Afreximbank delegation reaffirmed its unwavering support for Togo’s industrial development ambitions. The institution is mobilizing financial resources and technical partnerships to catalyze projects that will drive economic diversification, foster job creation, and strengthen the country’s position within regional value chains.
biashara afrika forum underscores Togo’s rising economic appeal
Dr. Elombi’s working visit to Lomé coincides 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 platform serves as a testament to Togo’s growing attractiveness as a prime investment destination and its proactive role in championing in-country resource transformation as a driver of sustainable growth across Africa.
The discussions reflect a shared vision between Togo and Afreximbank: leveraging local resources to fuel industrialization, attract foreign direct investment, and position the nation as a leader in value-added production on the continent.
