Sao Tome and Principe invites businesspeople to invest in marine resource exploration

7 May 2014

The government of Sao Tome and Principe has invited businesspeople from Africa and Europe to launch exploration of marine resources in the archipelago’s joint development zone (JDZ) with Nigeria, which is rich in tuna and shellfish, according to pan-African news agency Panapress.

During a seminar held in a hotel in the archipelago’s capital, Arzemiro dos Prazeres, director of the Office of the Sao Tome and Principe-Nigeria Joint Authority, said that the country was located along a migratory route for tuna, which twice a year feed in the region.

“Whoever requests a fishing license to explore these resources in our zone will also have the right to do so in Nigeria’s zone,” Prazeres told the seminar’s participants.

The director of the Sao Tome and Principe-Nigeria Joint Authority also said that a Norwegian company, which he did not name, had taken a detailed survey of the main resources available in the JDZ. (macauhub/ST)