Togo: Africa Finance Corporation’s 20th member

Togo has joined the Lagos-based Africa Finance Corporation (AFC) as the development financier’s 20th member. In August 2018, the government launched a national development plan which seeks to attract $5.4bn in private sector investment, with infrastructure as a priority. Projects include further development of Lomé port, an airport hub and railway infrastructure. Following the commissioning of the Lomé Container Terminal in late 2014, Lomé port serves as a major trans-shipment hub for a growing number of large container vessels seeking to offload imports for onward carriage across the West African region.