Jyrki Katainen, Vice President of EU commission urges European investors to attend Togo-EU economic forum

Economic governance
Tuesday, 21 May 2019 15:50
Jyrki Katainen, Vice President of EU commission urges European investors to attend Togo-EU economic forum

(Togo First) - The European Commission’s Vice President, Jyrki Katainen, will co-chair the opening ceremony of the Togo-EU economic forum which will take place in Lomé on June 13-14, 2019.

Katainen, in this framework, urged European investors to “cease this unique opportunity to diversify their investment portfolio and expand their footprint towards a win-win partnership between the European Union and Togo.”

The event falls under the EU’s new external action paradigm, one enacted via the launch of the European Union’s Investment Plan. The latter aims at boosting European private investment, through a new “Africa-Europe Alliance for jobs and sustainable investments.”

This alliance for its part is intended to deepen trade and economic ties between the EU and Africa, by focusing EU’s external action on easing investment and creating jobs in Africa. In this regard, the coming forum should enhance “the mobilization of private funds to generate growth and jobs in Togo.”

Various EU financings to support private investment will be presented at the forum. Also, 100 projects, over about 400 submitted, could be selected and financed by potential European investors on this occasion. 

Séna Akoda

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