Togo president faure gnassingbé discusses investment opportunities with afreximbank chief

In a strategic meeting held in Lomé, Faure Gnassingbé, the President of the Council of Togo, welcomed Dr. George Elombi, Chairman of the Board of Directors of the African Export-Import Bank (Afreximbank). The session focused on deepening economic ties between Togo and the pan-African financial institution while exploring high-potential investment avenues across key sectors.

The dialogue centered on accelerating Togo’s industrial transformation, particularly through the local processing of raw materials. Key areas of discussion included phosphate extraction, energy production for industrial zones, and strategies to enhance the value of Africa’s natural resources.

strengthening industrial partnerships and resource valorization

During the talks, Dr. George Elombi emphasized the importance of wealth creation through the processing of Togo’s primary products. He highlighted the phosphate sector as a critical focus, alongside energy generation to power industrial hubs and broader initiatives to refine raw materials within African borders.

Dr. Elombi reiterated Afreximbank’s commitment to supporting Togo in securing financing and technical partnerships. These efforts aim to drive forward the nation’s industrial development agenda, fostering economic growth and creating added value across the continent.

Togo’s growing appeal to global investors

The high-level meeting 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 event underscores Togo’s rising profile as an attractive destination for international investors and financial collaborators.

The discussions reflect Togo’s proactive approach to leveraging its natural resources for sustainable economic progress. By prioritizing local industrialization, the country positions itself as a key player in Africa’s economic transformation, aligning with broader continental goals.