By Cédric T.
Since 3 December 2018, Togo has become the 20th member state of the Africa Finance Corporation (AFC), an infrastructure development financial institution dedicated to Africa.
« A few months ago, we followed the presentation of the country’s ambitious program to modernize its economy, and in particular its infrastructure, through the PND (National Development Plan) announced last August. As the leading African investor in the sector, we are ready to support Togo in the financing and development of its infrastructure, « said AFC President and CEO Samaila Zubairu in a statement.
To face up to its various socio-economic challenges, Togo has adopted a National Development Plan that aims to attract $ 5.4 billion in private sector investment, prioritizing the infrastructure sector. « The AFC is a major partner very well placed to assist Togo in achieving its investment objectives, improve the quality of its infrastructure and enable it to access its economic development through regional integration. benefit of all our fellow citizens, « said Robert Dussey, the country’s foreign minister.
This accession of Togo to the AFC makes it the 12th State of West Africa after Nigeria, Guinea-Bissau, Ghana, Sierra Leone, The Gambia, Liberia, Guinea, Chad, Cape Town -Vert, Benin and Ivory Coast.
Created in 2007, the AFC is based in Lagos, and is headed since July 2018 by Samaila Zubairu to replace Andrew Alli.