Lomé will host West Africa’s first investment forum next October

Economic governance
Tuesday, 16 July 2019 13:21
Lomé will host West Africa’s first investment forum next October

(Togo First) - Next October 3 and 4, Lomé will host West Africa’s first investment forum, “Invest in West Africa.” The event aims at finding a solution to private sector’s difficulty in accessing financing in the region.

Also, according to Idrissa Nassa, President of Coris Group which is sponsoring the forum, besides “facilitating the financing of SMEs and SMIs with a high potential, boosting public-private partnerships, the group should gather all investment actors” of the region. The initiative “will show the world that in West Africa, the private sector is ready to absorb investments and is maturing,” he added.

Nassa backed his statement with some figures of AfDB, commenting: “In 2006-2016, the private sector contributed nearly 40% of West Africa’s GDP and 30% of States’ budget. The sector is without a doubt the driver of growth and inclusive development in Africa, and West Africa especially.”  

Entrepreneurs, investors, regional and continental organizations are expected at the event. There will also be heads of State and governments, ministers, industrial and investment promoters, heads of banks, finance institutions, sovereign funds, SMEs and SMIs, senior officials, etc.

Séna Akoda

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