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Sao Tome and Principe posts trade deficit of US$154.5 million in 2014

The trade balance of Sao Tome and Principe 2014 recorded a deficit of 154.5 million dollars, an increase of 11% over the deficit recorded in 2013, reported the National Statistics Institute (INE).

The information sent by INE Macauhub in Sao Tome indicates that the recorded deficit was the result of imports of 164.5 million dollars and exports worth 10 million dollars.

The INE More

Sao Tome and Principe gets US$9 million from cocoa exports in 2014

Sao Tome and Principe raised 172,000 million dobras (US$9 million) in 2014 from cocoa sales, which accounted for 93.9 percent of exports of agricultural products, the country’s National Statistics Institute (INE) said Monday.

INE said that in terms of nominal values ​​in dobras (the Sao Tome currency) there was a positive year-on-year growth of 58.9 percent due to the “improved price of More

Japan donates US$1.6 million to Sao Tome and Principe

Japan has granted Sao Tome and Principe a donation of US$1.6 million in food aid of 1890 tons of rice, the Japanese ambassador for the archipelago, Masao Kobayashi said Thursday.

The donation was formalised by the Japanese ambassador and the Sao Tome Minister of Economy and International Cooperation, Agostinho Fernandes who represented the government of Sao Tome and Principe.

Masao Kobayashi said at More

Economy of Sao Tome and Principe grows 4.5 pct in 2014

The growth of the economy of Sao Tome and Principe is expected to have totalled 4.5 percent in 2014, said the head of a recent mission from the International Monetary Fund (IMF) to the archipelago.

“Economic activity in Sao Tome and Principe remained robust last year, due to high foreign direct investment in the country,” said Maxwell Opoku-Afari in Washington, days after More

Sao Tome and Principe’s indicators reach best level in last 20 years in 2014

Sao Tome and Principe’s macroeconomic data in 2014 reached the best level in two decades, and now needs to be extended for the 2015 State Budget, announced the head of a mission of the International Monetary Fund (IMF).

“In 2014 there was an increase in foreign direct investment and inflation continued to decline, there was the lowest level of inflation in the More

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