President Gnassingbé attends G20-CWA Summit in Berlin

Economic governance
Monday, 20 November 2023 16:35
President Gnassingbé attends G20-CWA Summit in Berlin

(Togo First) - Togolese President Faure Gnassingbé is currently in Berlin, Germany. The leader takes part in the 4th G20 Compact with Africa Summit (G20-CWA). Gnassingbé was invited by Chancellor Olaf Scholz.

The Summit aims to bolster economic cooperation between Scholz’s country and Africa. It gathers African presidents, German investors, as well as World Bank and IMF representatives.

At the event, President Gnassingbé of Togo will promote his country, highlighting the reforms his government introduced in recent years and the investment opportunities Togo offers, especially in the energy sector. He will also present the achievements of the Germany-Togo cooperation.

Regarding the latter, the two countries mostly cooperate in the following areas: sustainable economic development and vocational training, agro-industrial transformation, decentralization and good financial governance, as well as strengthening the healthcare system.

Read Also: Decentralization: Togo lands €20M deal with German Development Bank KfW

Germany, it is worth noting, granted Togo a €20 million funding last week. The money will be used to develop sustainable projects across three of the West African nation’s regions. 

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