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Mozambique leads economic growth forecasts in the PALOP countries

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 and Portuguese companies search for oil in Sao Tome and Principe in 2017

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 discuss joint oil exploration

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

IMF recommends Sao Tome and Principe to improve tax collection

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

United Nations provides over US$5.2 million to São Tomé

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

ADB helps São Tomé and Príncipe improve agriculture and fisheries

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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