Mozambique is expected be the Portuguese-speaking African country (PALOP) to record the highest economic growth in the period between 2016 and 2021, the year in which the staff of the International Monetary Fund (IMF) expect a real growth rate of 38.9 percent.
In the recent “World Economic Outlook” report, for this year the IMF expects growth of 6.0 percent followed by 6.8 … More
US company Kosmos Energy and Portugal’s Galp Energia in January 2017 are due to carry out seismic surveys in three oil blocks in the Exclusive Economic Zone (EEZ) of Sao Tome and Principe, announced Wednesday the director of the country’s National Oil Agency.
Orlando Sousa Pontes made this announcement during the public presentation ceremony of an environmental impact study prepared jointly by Kosmos Energy, … More
São Tomé and Príncipe and Equatorial Guinea are due Thursday in Malabo, the capital of Equatorial Guinea, to discuss joint oil exploration in an area that overlaps the two countries, the Prime Minister of São Tomé said Tuesday.
Trovoada, who was speaking moments before departing for Equatorial Guinea, stressed that this 48-hour mission was aimed at creating a partnership for oil exploration … More
A mission from the International Monetary Fund urged the government of Sao Tome and Principe to “improve tax collection and strengthen the financial system” at the end of a three-day visit during which it met with various representatives of the country.
The director of the IMF’s Africa department, Antoinette Saieh, stressed the need for the government to “strengthen the economy and consolidate … More
The United Nations has provided more than US$5.2 million to São Tomé and Príncipe to finance a “sustainable development” project in the archipelago – announced the UN representative in São Tomé, José Salema.
The United Nations support for the project was formalised in a document signed by the representative and the São Tomé Minister of Environment and Natural Resources, Carlos Vila Nova.
Lasting … More
A program funded by the African Development Bank (ADB) has enabled a significant modernisation of agriculture and fisheries in São Tomé and Príncipe, the bank said in a document published on its website.
The document on four years of implementation of the Recovery Programme of Infrastructure to Support Food Security (PRIASA), 2012-2016, said roads had been rebuilt and irrigation channels built for … More