Energy reforms under President Tinubu attract renewed investment Offshore projects secured over $8 billion in commitments, led by majors Refineries restarting and smart meter rollout planned for power sector Nigeria’s oil sector is showing signs of recovery following a period of stagnation. Reforms introduced by President Bola Tinubu since taking office in May 2023 have...

Metro extension to Houari Boumediene airport planned for completion by 2027 Project supports plan to double airport capacity to 20 million passengers Part of Algeria’s broader effort to position Algiers as a regional air hub Algeria is extending the Alger Metro toward Houari Boumediene airport as part of a broader plan to improve airport access and support the capital’s...

Sun King receives $80 million local currency loan to expand off-grid solar IFC and Stanbic IBTC structured the deal to support rural electrification  Over 85 million Nigerians still lack access to electricity Sun King has secured an $80 million loan to expand its off-grid solar energy services in Nigeria, where more than 85 million people remain without...

Agreement signed on May 14, 2025, to prevent income double taxation Deal aims to attract Czech investment in Tanzanian manufacturing Trade between both countries reached $20 million in 2023 Tanzania and the Czech Republic signed an agreement on May 14, 2025, to eliminate income double taxation and prevent tax evasion, aiming to ease cross-border business activity and...

Ghana will reintroduce tolls via digital systems to ease traffic and raise funds The move follows revenue losses after tolls were scrapped in favor of the E-Levy Smart tolling will support the Abidjan-Lagos corridor modernization project Ghana has confirmed plans to roll out a smart toll system on major roads by late 2025, aiming to improve traffic flow and boost revenue for...

Nigeria outlines plan to produce renewable aviation fuel Strategy targets fuel shortages and import dependence in the sector Six-part roadmap includes regulation, funding, logistics, and innovation Nigeria has announced plans to produce renewable aviation fuel in response to persistent shortages of jet fuel. The initiative was presented during a regional workshop held in Abuja...

Recently appointed to lead the International Finance Corporation’s (IFC) operations in Africa, Ethiopis Tafara visited Lomé as part of “Africa Leads,” a forum bringing together project leaders supported by the World Bank Group across West and Central Africa. In this exclusive interview with Togo First, he reflects on the impact of IFC’s presence in Togo, outlines the institution’s...

Trinity Metals and Nathan Trotter sign deal to export Rwandan tin to the US The move supports US efforts to reduce reliance on Chinese mineral supply  Rwanda’s mining sector generated $1.7 billion in 2024, led by 3T metals Trinity Metals, a Rwandan mining company, has signed a letter of intent with US-based Nathan Trotter to establish a direct tin supply chain from...

IFC plans a $25 million senior loan to strengthen BOA Congo’s SME lending At least 10% of the funding will go to women-led businesses Final approval expected at IFC board meeting on June 16, 2025 The International Finance Corporation (IFC) plans to invest $25 million in Bank of Africa Congo (BOA Congo) to support lending to small and medium-sized enterprises (SMEs),...

BRVM and Africa50 signed a deal to create new infrastructure financing tools The plan includes issuing infrastructure bonds and attracting long-term capital Target investors include pension funds, institutions, and individual savers The Regional Stock Exchange (BRVM) and Africa50 have signed an agreement to develop new financing tools for infrastructure across the West African...