Securitisation as a financial tool for African economies was given a fillip last week at the African Financial Industry Summit (AFIS) in Lomé. Togo’s Minister of Finance, Sani Yaya, speaking at the event said that securitisation “is indispensable, for the development of businesses, financial institutions and government projects,” according to Togo First. He pointed out that Togo in has been a pioneer in securitisation programmes creating its first such programme in 2016 following such initiatives by Ivory Coast and Senegal. In 2021 Orabank-Togo (Togo’s leading bank) carried out a receivables securitisation of CFA 25bn.
