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Oil yields Sao Tome and Principe over US$90 million

Sao Tome and Principe took in over US$90 million in oil revenue, the permanent secretary of the Sao Tome commission of the Extractive Industries Transparency Initiative (EITI) said Tuesday.

José Cardoso said that about US$83 million was from signing bonuses for contracts to companies that plan to prospect for oil in the joint exploration zone between Nigeria and Sao Tome and Principe.

The More

Digital television in Sao Tome and Principe launches in June 2015

The project to switch the signal of Sao Tome and Principe’s public television channel (TVS) from analogue to digital will be finished in June 2015 and will cost over US$7 million, the Director of TVS said Wednesday in Sao Tome.

Frederico Umbelina noted that the project had the technical support of the General Regulatory Authority (Ager), the telecommunications regulator in the archipelago More

UNDP finances mini-hydro plants in Sao Tome and Principe

The United Nations Development Programme (UNDP) will provide US$6 million for the construction of a mini-hydroelectric plants to produce 5 megawatts of electricity on the island of Principe, the president of the regional government said Thursday.

José Cassandra made the announcement after receiving UNDP representative, Mozambique’s José Salema, on the island of Principe for a meeting as part of the programme to More

Chinese company Guangxi builds housing estate in Sao Tome and Principe

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Chinese company Guangxi Hydroelectric Construction Bureau has started building a a housing estate on the island of Sao Tome, on a self-funding basis, the Minister of Public Works of Sao Tome and Principe said last week.

Minister Fernando Maquengo said that under the terms of the concession agreement, the company will have the right to market and manage the housing estate in More

CH Business Consulting signs cooperation agreement with Sao Tome and Principe

The government of Sao Tome and Principe and Portuguese group CH Business Consulting Tuesday in Sao Tome signed a cooperation partnership to attract foreign investment to re-launch tourism in the archipelago, the Sao Tome minister of Tourism said.

Demóstenes Pires dos Santos made the statement after signing a strategic partnership agreement with a representative of CH Business Consulting, António Henriques, who signed More

Sao Tome and Principe takes on loan for work on water supply network

The government of Sao Tome and Principe has taken on a loan of US$7.5 million from the Arab Bank for Economic Development in Africa (BADEA) to finance the construction of the drinking water supply network.

The loan agreement was signed by the Sao Tome Minister for Planning and Finance, Hélio de Almeida, and the Director-General of BADEA, Habdelaziz Kelef, who arrived Monday More

Sao Tome and Principe signs food agreement with Brazil

Sao Tome and Principe is due in the next few days to sign a ​​”food security” agreement with Brazil in the amount of US$30 million, a spokesman for the Sao Tome government announced Saturday at the end of a Council of Ministers meeting.

Adelino Lucas, the Sao Tome Secretary of State for the Media said “the Council of Ministers authorised the Ministers for More

Government of Sao Tome and Principe launches international tender to refurbish colonial houses

The government of Sao Tome and Principe plans to launch an international tender to recover houses dating back to the colonial period in the country’s coffee and cocoa plantations, Sao Tome’s Prime Minister said Wednesday.

Through this tender the government “intends to preserve the architectural style of these colonial houses while allowing for development of rural and ecological tourism,” said Gabriel Costa, More