President Faure Gnassingbé of Togo welcomed Dr. George Elombi, Chairman of the Board of Directors for Afreximbank, to Lomé on Monday. Their high-level discussions focused on strengthening the collaborative ties between Togo and the pan-African financial institution, alongside exploring significant investment prospects across several key strategic sectors.

During their meeting, the two prominent figures delved into various avenues aimed at accelerating the industrial processing of Togo’s abundant local resources. Particular attention was given to the nation’s phosphate industry, the development of energy production specifically for industrial zones, and innovative mechanisms for enhancing the value of African raw materials.

Dr. George Elombi remarked, “Our conversations revolved around generating wealth through the transformation of Togolese primary products. We specifically addressed the phosphate sector, energy generation for industrial hubs, and other critical aspects pertaining to the processing of raw materials within African nations.”

The Afreximbank official further reiterated the institution’s steadfast commitment to supporting Togo in securing essential financing and technical partners. This backing is crucial for advancing the country’s ambitious industrial development projects.

Dr. Elombi’s visit to Lomé coincided with the 3rd 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 engagement underscores Togo’s increasing appeal to international investors and financial partners. It also vividly demonstrates the Togolese authorities’ unwavering dedication to fostering the local processing of natural resources as a primary driver for economic growth and the creation of added value across the African continent.