Sam Jonah named as board member of CFA in Togo

Ghana’s Sir Sam Jonah has been named as a Board Member of the newly launched state-owned Togo Invest Corporation.

Jonah is one of seven Board members, including Nigeria’s business magnate, Alhaji Aliko Dangote and South Africa’s Thulani Gchabasi tasked with the responsibility of supervising the affairs of Togo Invest Corporation launched by President Faure Gnassingbe.

The company is fully state owned with a capital of 20 billion Francs.

A statement released after the launch said TOGO INVEST is responsible for securing public-private partnerships to build a railway line, a viable road network, and a mineral quay as well as other infrastructure with a view to speedily promoting economic and social development along the corridor.

A power station and an inbuilt large band telecommunications network will also form part of the setup.

“It is about time Togo leveraged its strategic geographical location. The potential is there. The corridor will make it happen,” the president was reported to have said during the opening ceremony.