AfDB president commends Togo’s economic growth, promises further support

The President of the African Development Bank (AfDB), Akinwumi Adesina on Monday commended Togo's economic growth and promised support to the mining sector, funds for women and job creation in the country.

Akinwumi Adesina
Akinwumi Adesina

During his stop on Monday in Lome, Adesina had talks with Togolese President Faure Gnassingbe about Togo’s 2016-2020 development program.

Akinwumi Adesina
Akinwumi Adesina
Over the last five years, Togo’s economy has been steadily growing with an estimated real GDP growth of 5.8 percent in 2014.

During a short exchange with media, the AfDB president commended a “very impressive economic growth” in the West African country.

He said AfDB recently granted 17 million U.S. dollars to the Togolese government, aimed at creating employment for about 20,000 youths.

Adesina promised further support to the revival of the mining sector, especially the phosphate, manganese and iron ores mining, in the country.

He also vowed to support a fund, which the government had launched and invested about 20.10 million U.S. dollars, designed to enhance entrepreneurship among the female population.

Adesina said AfDB would soon set up a 3 billion U.S. dollar fund to support women across the African continent. Enditem

Source: Xinhua

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