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Central Bank of Sao Tome and Principe takes on management of Banco Equador

The Central Bank of Sao Tome and Principe (BCSTP) will take on responsibility for the management of Banco Equador, owned by Angolan investors, and until recently was the second most important private bank in the country, the central bank said in a statement issued Wednesday.

The BCSTP said in the statement there was a “need to safeguard the interests of depositors in More

Angola and Sao Tome and Principe schedule meeting of their bilateral cooperation commission

The governments of Angola and Sao Tome and Principe agreed, at the end of a two-day visit to Luanda by Prime Minister of Sao Tome, to hold of a meeting of their bilateral commission for cooperation.

The information was included in a statement following a visit by Patrice Trovoada, which ended with a meeting with the President of Angola, José Eduardo dos More

European Parliament approves fisheries agreement with Sao Tome and Principe

Members of the European Parliament (MEPs) Tuesday the signing of a new fisheries agreement between the European Union and Sao Tome and Principe, authorising 34 vessels from Spain, France and Portugal to fish in the country’s waters.

The new partnership agreement protocol provides fishing opportunities for 28 tuna seiners and six fishing vessels for surface trolling, broken down by vessels from Spain, More

Government of Sao Tome and Principe prepares directory to facilitate foreign direct investment

The government of Sao Tome and Principe will prepare a directory on foreign investment opportunities in Sao Tome and Principe, said Minister of Economy and International Cooperation, Agostinho Fernandes.

The minister also said the document “is used to identify the specific areas of investment,” particularly in tourist areas, agriculture and fisheries.

The government held public consultations to draw up what it calls the More

Sao Tome and Principe farmers sell cocoa to Germany

A cooperative of organic cocoa producers and exporters from southern Sao Tome and Principe sold 230 tons of dry cocoa to Germany in 2014, said a cooperative official.

Adalberto Luis, responsible for the Cecaq 11 cooperative’s exports, which groups 958 farmers in the south of Sao Tome and Principe, said that cocoa was purchased by Gepa (http://www.gepa.de/en/welcome.html ), considered to be the More

Sao Tome and Principe 2015 Budget up for approval in March

The Sao Tome and Principe 2015 State Budget is due to be voted in parliament at the end of the first quarter, said the country’s prime minister Patrice Trovoada.

Trovoada made the announcement during an eight-day session, which began Wednesday, to consult the population to prepare what he called the “Citizen’s Budget” during which he explained the difficulties in raising revenues for More

Tourists from Portugal biggest source of visitors to Sao Tome and Principe in 2014

Portuguese and Angolan citizens took first and second places in terms of tourist entries into Sao Tome and Principe in 2014, according to the annual report from the archipelago’s Directorate of Tourism and Hospitality.

Safety, tranquillity, cuisine and curiosity to discover the country are the main attractions that led to an increase in the number of Angolan and Portuguese tourists who last More

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