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...

Morocco loses 30% of citrus harvest yearly due to poor logistics infrastructure Drought has reduced orchard area and cut exports by nearly one-third Government aims to revive exports with incentives and better post-harvest systems Morocco's citrus industry, the country’s second-largest fruit export after berries, is under growing pressure from drought and inadequate logistics...

InterSAT is in talks with Eutelsat to add LEO satellite capability to its network The plan would start in East Africa but no deal has been signed yet The company aims to boost coverage in a region where internet use is still low InterSAT, a satellite internet provider, is looking into the use of low earth orbit (LEO) satellites to expand its services across Africa. The company...

Ethiopia exported 354,302 tons of coffee in 10 months, a 70% year-on-year jump Export earnings rose 30% to $1.87 billion, with strong global demand  Authorities aim to reach $2 billion by fiscal year-end in June Ethiopia has reached a historic milestone in its coffee exports, setting new records in both volume and revenue during the current fiscal year. Coffee is...