Sao Tome, Sao Tome and Principe, 6 Sept – Japan has donated 3,600 tons of rice to Sao Tome and Principe worth around US$3 million, the Japanese ambassador to Sao Tome and Principe, Motoi Kato said Monday.
The Japanese ambassador said that the cash resulting from the sale of the rice would be used to fund construction and refurbishment of public infrastructure, specifically schools, roads, social housing and other similar work.
The representative of the Japanese government said that the funding to Sao Tome and Principe resulted from an economic cooperation agreement signed in 1999 and carried out annually in the form of non-repayable food aid.
The money made from selling the Japanese rice after being deposited in a Sao Tome state fund covered the cost of the last elections held in the country: the legislative election in August 2010 and the presidential elections in July and August, 2011.
As well as providing funding for the state fund via food aid, Japan also co-funds fishing activities in Sao Tome and Principe by providing fishing vessels, equipment and technical assistance. (macauhub)