Angola and São Tomé and Príncipe to analyse outstanding debts

Talks held between delegations from Angola and São Tomé and Príncipe have resulted in an agreement to analyse outstanding debts, the São Tomé government announced on Thursday at the end of a Council of Ministers meeting.

A source from Angola’s state oil company Sonangol told Portuguese news agency Lusa that São Tomé and Príncipe owes a debt to Angola of more than US$187 million in fuel supplies alone.

The statement said that during a three-day visit by an Angolan multisector delegation to São Tomé and Príncipe, the parties, “undertook to start a new cycle of cooperation, giving paramount importance to the valuation of the private sector, with the hosting of a Business Forum in São Tomé in October.”

At the end of the bilateral talks the delegations said they had strengthened the broad lines of cooperation in various fields, under a verbal procedure signed on Tuesday.

The document was made public at the end of the talks held in the São Tomé capital between technical multi-sector delegations headed by São Tomé Foreign Minister Elsa Pinto and the Angolan Secretary of State for International Cooperation, Domingos Custódio Vieira Lopes. (Macauhub)