The President of the Council, Faure Gnassingbé, welcomed Dr. George Elombi, Chair of the Afreximbank Board, in Lomé this week for a strategic dialogue on deepening economic cooperation. The meeting centered on unlocking fresh investment avenues across Togo’s priority sectors while reinforcing the country’s role in Africa’s industrial transformation.
strengthening industrial partnerships and resource valorization
Discussions between Faure Gnassingbé and Dr. George Elombi focused on accelerating local value addition through targeted industrialization. Key areas of collaboration included the phosphate industry, power generation for industrial zones, and innovative approaches to processing African raw materials into high-value products.
Dr. George Elombi emphasized the transformative potential of these initiatives: “We explored pathways to turn Togo’s natural resources into engines of wealth creation. Phosphate processing, industrial energy supply, and other forms of value addition were at the heart of our talks, reflecting Afreximbank’s commitment to backing African-led industrial growth.”
financing and technical support for togolese development
Afreximbank’s leadership reiterated its dedication to supporting Togo’s industrial ambitions by mobilizing both financial resources and technical expertise. The institution is positioned to play a pivotal role in funding projects that align with the country’s long-term economic strategy, particularly in sectors critical to regional integration and continental trade.
a forum for continental business collaboration
This high-level engagement coincides with the third edition of the Biashara Afrika business forum, co-organized by Togolese authorities and the African Continental Free Trade Area (AfCFTA). The event serves as a platform for fostering cross-border partnerships and showcasing Togo’s growing appeal as an investment destination.
The gathering underscores the government’s proactive stance in positioning the country as a hub for industrial transformation and economic diversification across West Africa.