A team of Cambridge alumni led by Sir Paul Judge will help to prepare a framework for the development of Togo over the next 10-20 years.
"Togo provides a classic turnaround situation. Africa is a rich continent but unfortunately many of its people are poor and this project also has the potential to show other African countries how they can successfully develop."
Sir Paul, the key benefactor of Cambridge Judge Business School at the University of Cambridge, was asked by the President of Togo to develop Project Vision. It will identify where improvements need to be made and to see what the best ways might be for Togo to attract foreign commercial, governmental or charitable capital to finance these.
The West African country has had significant political difficulties over the last two decades, but has now established a stable democratic constitution and is a member of the UN Security Council.
However, it faces significant development challenges. Its population is about 6.1 million people, but average GNP per capita is only around $500. Togo has ample resources, but its main exports such as phosphate, cocoa, coffee and cotton are all now worth substantially less than they were before the political turmoil. Moreover, with a total GNP of about $3 billion, it does not have the economic resources to achieve its potential.
Sir Paul has set up a team of nine recent Cambridge alumni, mainly from Cambridge Judge Business School, to work on the project full time. Each member of the team will cover one of the following sectors: agriculture, business development, education, energy, health, mining, tele, tourism and transport.
Each sector will have a team leader and include a team member from another sector. Team members are unpaid, but will have travel expenses to Togo for key meetings with the President, government ministers and other stakeholders covered.