Egypt Seeks to Strengthen Economic Ties with Togo

Economic governance
Friday, 26 July 2024 09:47
Egypt Seeks to Strengthen Economic Ties with Togo

(Togo First) - Egypt wants to bolster trade and bilateral partnerships with Togo. Ahmed Mohamed Eid Moustapha, Egypt's ambassador to Togo, unveiled the ambition last Monday, July 22. 

"I have been tasked by my country to achieve several objectives during my tenure, primarily to strengthen bilateral cooperation and improve economic relations between our two countries," the ambassador said, as reported by Togo Presse.

The ambassador noted that this economic partnership will create opportunities for the private sector and facilitate discussions on joint projects, particularly in the fields of energy, construction, and infrastructure.

Moustapha recently met with many Togolese officials to explore ways to develop relations in these areas and establish an action plan.

During the talks, the two sides decided to focus on increasing trade between them. Egypt wants to identify major Togolese projects with guaranteed international funding that Egyptian companies help develop.

Already, Elsewedy, an Egyptian manufacturer of distribution and power transformers, is considering operations in Togo. "Today, Elsewedy has begun negotiations with the Togolese government to start its activities in Togo in the coming months," the ambassador noted last Monday.

Ayi Renaud Dossavi

 

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