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IMF calls for Sao Tome and Principe to avoid taking on debt

Sao Tome and Principe should avoid getting into debt in order to maintain a situation that is sustainable, said on Wednesday in Sao Tome the new head of a mission of the International Monetary Fund (IMF) to the archipelago, Xiangming Li.

The IMF mission started its third assessment of the programme with Sao Tome and Principe, which will last for two weeks, More

Chinese cooperation is already working in Sao Tome and Principe

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Four technical teams of Chinese aid workers are already active in Sao Tome and Principe, taking advantage of the experience of some team members in other Portuguese-speaking African countries and Macau to meet the many needs of the archipelago.

About a month after signing the cooperation agreement between Sao Tome and Principe and China in Beijing, which will resume a relationship that was interrupted for almost two decades, Macauhub in Sao Tome accompanied the teams in the areas of agriculture, energy, health and malaria control. More

Macau “very interested” in Sao Tome and Principe, says president of IPIM

The Macau Trade and Investment Promotion Institute (IPIM) is “very interested” in Sao Tome and Principe, and is awaiting the official establishment of relations between the two countries, the President of IPIM told Macauhub in Lisbon.

Following the reestablishment of diplomatic relations on 26 December 2016, the process “is taking place” on a diplomatic level and IPIM has “to wait for clear More

China will support Sao Tome and Principe to have a sustainable economy

China will support the government of Sao Tome and Principe to allow the West African archipelago to have a sustainable economy through Chinese investment in tourism, agriculture, infrastructure, industry, human resources and security, a representative of the Chinese government said a few days ago in Sao Tome.

Lin Songtian, the Director General of the Department of African Affairs of the Ministry of More

Trade between China and Portuguese-speaking countries rises 7.52% in January

Trade between China and Portuguese-speaking countries totalled US$8.281 billion in January 2017, which was a year-on-year increase of 7.52%, according to official figures from China released by Forum Macau.

Angola and Brazil accounted in January for 92% of trade between China and the eight Portuguese-speaking countries with a total of US$7.625 billion.

China’s trade with Angola amounted to US$2.026 billion (an annual increase More

Sao Tome and Principe spends more than US$5 million on rice imports in 2016

Sao Tome and Principe spent 122.6 billion dobras (US$5.3 million) on rice in 2016, the most imported food product, the Sao Tome National Statistics Institute (INE) told Macauhub on Monday.

Data provided by INE showed that rice imports accounted for 29.4% of imports of food products in 2016, with 8,314 tonnes and a cost of US$5.3 million, compared to US$6.2 million in More