As he lauded the organization of the Africa Finance Summit, Togolese President Faure Gnassingbé acted as the flagbearer of the African private sector, which is underrepresented, at the event in Paris.
“Sustainable financing of economies is an important issue and the issue of supporting the African private sector is even more important,” said Gnassingbé who put, since 2017, the improvement of business climate at the heart of economic programs implemented in his country, with the private sector as an investment catalyst.
“The private sector is indeed the real machine for creating jobs and wealth. There will be no strong recovery without improved financing conditions, in Africa and internationally, for the African private sector,” the African leader said.
As a reminder, before the pandemic broke out, Togo planned for 65% of the financing it needed for the first version of its national development plan (PND) to come from the private sector. This aligns with the authorities’ vision to get this sector to contribute more to Togo’s economic dynamism – a vision often reiterated by President Faure Gnassingbé.
