Togo: a Forum to Discuss Infrastructure Financing in Africa

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The “Infra for Africa” forum ended yesterday, Tuesday, July 4th, in Lomé. Two days of discussions to mobilize capital to finance infrastructure in Africa. For this first forum of its kind on the continent, it is a question of taking into account all medium and large-scale projects with a strong impact on development. A meeting also to find new capital with new investors.

It was in the largest of Lomé’s hotels that the President of the Republic, Faure Gnassingbé, and members of his government attended the forum organized by Africa 50. The shareholders of this institution discussed at length subjects relating to energy, transport, infrastructure, and digital.

The purpose of this meeting is to raise capital to finance major projects. Alain Ebobissé, CEO of Africa 50, believes that Africa has a tremendous potential to develop, “By 2030, therefore, one in five people in the world will be African. The majority of these individuals will be young individuals seeking employment opportunities. We should act expeditiously and deploy the infrastructures they need to flourish, create companies, innovate, communicate, and build the future they envision”.

Develop clean energy

The African Development Bank and its partners are committing twenty billion dollars to the Desert to Power project, which aims to provide 10,000 megawatts of solar energy in eleven countries in the Sahelian zone of Africa, thereby supplying electricity to 250 million people.

To continue on this path, Africa 50 signed, on the sidelines of the Lomé forum, a partnership with the Intergovernmental Solar Alliance which commits both parties to finance and support solar energy producers on the continent.

Soukaina Sghir

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