Togo meets with Afreximbank to boost local industrial growth
Lomé recently hosted a pivotal meeting between Togo’s Prime Minister, Faure Gnassingbé, and Dr. George Elombi, Chairman of the Afreximbank Board of Directors. The high-level dialogue centered on deepening economic ties between Togo and the pan-African financial institution, with a strong focus on unlocking investment opportunities across key industries.
Strategic sectors highlighted in discussions
The talks covered critical areas where Togo is positioning itself for rapid industrial transformation. Key sectors included:
- Phosphate processing – exploring ways to enhance value addition through local beneficiation
- Industrial energy supply – ensuring reliable power for growing manufacturing hubs
- Raw material valorization – developing frameworks to maximize benefits from Africa’s abundant natural resources
African bank reaffirms commitment to Togo’s industrial agenda
Dr. Elombi emphasized the institution’s dedication to supporting Togo’s industrialization drive. « We explored pathways to generate wealth by transforming Togo’s primary resources into higher-value products, particularly through phosphate processing and energy solutions for industrial zones, » he stated. The bank also pledged continued support in mobilizing financing and technical partnerships to accelerate development projects.
The visit 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 alignment underscores Togo’s growing appeal as a destination for foreign investment and strategic partnerships.
Economic transformation as a growth catalyst
The meeting reflects a broader national strategy to position Togo as a regional industrial hub. By prioritizing local resource processing, the government aims to boost economic resilience, create jobs, and drive value-added growth across the continent.
