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São Tomé and Príncipe

Five prime ministers to attend the opening of the 5th Ministerial Conference of the Forum in Macau

5 October 2016
China's Prime Minister Li Keqiang, will preside over the opening of the 5th Ministerial Conference of the Forum for Economic and Trade Cooperation between China and Portuguese-Speaking Countries to be held on 11 and 12 of October in Macau, the Xinhua news agency reported on Monday.

IMF wants Sao Tome govt. to “redouble efforts” to meet agreed targets

21 September 2016
The government of Sao Tome and Principe should make "a redoubled effort" in terms of tax to achieve the goals the IMF wants to see completed by December, the deputy director of the IMF's Africa Department said in Sao Tome. "It has been found that on a tax level a redoubled effort is required to achieve the goals set for December and in terms of structural reforms it is necessary to move a little faster," said David Owen.

Macau to build centre to promote China’s relations with Portuguese-speaking countries

15 September 2016
Macau Chief Executive Fernando Chui Sai On, said in Lisbon that his government is studying the creation of a complex in Macau which will incorporate the various initiatives that are underway to promote Macau as a platform between China and Portuguese-speaking countries . According to a statement from the Government Information Bureau (GCS), the centre will be housed in a single building and bring together interests in economic and commercial areas, offering services for companies, organisation of fairs, meetings and cultural exhibitions and professional training.

Trade between China and Portuguese-speaking countries contracts by 12% from January to July

8 September 2016
Trade between China and the Portuguese-speaking countries fell 12.25% year on year from January to July 2016 to US$51.5 billion, according to official figures released by the Macau Forum.

Sao Tome and Principe and Portugal sign new cooperation program

8 September 2016
Sao Tome and Principe and Portugal signed a new Strategic Cooperation Programme (PEC), valued at 57.5 million euros, valid for five years, Portugal’s Secretary of State for Foreign Affairs said on Wednesday in Sao Tome. Teresa Ribeiro signed the document on behalf of the Portuguese State and the Sao Tome minister of Economy and International Cooperation, Agostinho Fernandes signed for Sao Tome and Principe.

5th Macau Forum Ministerial Conference held in October

6 September 2016
The 5th Ministerial Conference of the Forum for Economic and Trade Cooperation between China and Portuguese-speaking Countries (Macau) will take place on 11 and 12 October 2016, said the Government Information Bureau (GCS).

Sao Tome and Principe to have tourist information website

25 August 2016
Sao Tome and Principe will have a tourist information website that will be launched by the end of the month, said the manager of "Welcome to", a project that aims to develop a digital platform for tourist information about the Portuguese-speaking countries. "We started in Angola ( 'Welcome to Angola'), four years ago, as the country was in a period of great economic growth and various components allowed to start there," Paulo Costa told Portuguese news agency Lusa.

World Bank and European Investment Bank finance energy sector in Sao Tome and Principe

23 August 2016
The World Bank and the European Investment Bank (EIB) will provide US$29 million to finance modernisation work for the Sao Tome and Principe electricity sector, under an agreement signed on Monday in Sao Tome. The document was signed by Clara Sousa, representing the World Bank and the Sao Tome Minister of Finance and Public Administration, Américo Ramos, on behalf of the Sao Tome and Principe government.

São Tomé and Príncipe to connect to international banking network

8 August 2016
The government of São Tomé and Príncipe will this month launch an international tender to adapt the country’s ATMs to the international system so they can handle Visa cards, among others, the head of the central bank announced. Maria do Carmo Silveira, governor of the Central Bank of São Tomé and Príncipe, told Lusa news agency that the country’s situation was complex, because it wants to attract tourists but does not have a banking system that permits international bank cards.

Sao Tome and Principe travel agency organises flights to Portugal via South Africa

26 July 2016
Sao Tome and Principe travel agency JBC Travel and Tours on 30 August is due to start flights between São Tomé and Lisbon, Portugal, via Johannesburg, South Africa, the company's managing director, Bilssen Coelho said on Monday. The flights, which will be offered three times a week, Coelho said, will use an Airbus aircraft with a capacity of up to 150 passengers.

Trade between China and Portuguese-speaking countries falls 14.55 pct from January to May

7 July 2016
Trade between China and Portuguese-speaking countries has continued its downward trend in the period from January to May, falling by 14.55% to US$32.735 billion, according to official figures published in Macau.

Airlines from Mozambique, Sao Tome and Angola remain on EU blacklist

17 June 2016
Airlines from Angola, Mozambique and Sao Tome and Principe are still banned from flying in European Union (EU) air space, according to the black list published Thursday by the European Commission. In Angola's case the only exception is flagship airline TAAG, which is permitted to fly in the whole of the EU air space, subject to restrictions on the types of aircraft it uses.

French company invests over US$10 million in Sao Tome and Principe

15 June 2016
French company Malongo Mane plans to invest over US$10 million on coffee plantations on the island of Sao Tome, as part of a contract due to be signed Wednesday in the capital of Sao Tome and Principe by the company and the Sao Tome government, announced the Minister for Agriculture, Teodorico de Campos.

Portugal and Sao Tome and Principe sign new Strategic Cooperation Programme

14 June 2016
Portugal and Sao Tome and Principe this month signed a new four-year Strategic Cooperation Programme (PEC) worth 43.5 million euros, the Prime Minister of Sao Tome, Patrice Trovoada said recently. The prime minister, who was speaking during the launch of work to build a #new fish market in Bobo Forro, about three kilometres from the capital, noted the authorities had "some concern" about the delay in signing this new PEC, "as it should have been signed six months ago."

Sao Tome and Principe welcomes forum of exporters from Portuguese-speaking countries

6 June 2016
The capital of Sao Tome and Principe next September will host the forum of exporters of the Community of Portuguese-Speaking Countries (CPLP), the president of the CPLP Exporters Union, Mario Costa said recently in Sao Tome. "We set the forum as the kick-off to bring investors and potential partners here, but do not want to be alone on major projects, we also want to help small and medium enterprises," said Costa at the end of meeting with Prime Minister Patrice Trovoada .

Trade between China and the Portuguese-speaking countries falls 23pct in 1st quarter

5 May 2016
Trade between China and the Portuguese-speaking countries contracted by 23.03 percent year on year in the first quarter of the year to US$16.727 billion, according to official figures published in Macau. Over the first three months of the year China exported to the eight Portuguese-speaking countries goods worth US$5.844 billion (-44.95 percent) and imported goods amounting to US$10.882 billion (-2.1 percent), assuming a deficit of US$5.038 billion.

Trade between China and Portuguese-speaking countries falls about 26 pct in first two months of the year

19 April 2016
Trade between China and the Portuguese-speaking countries fell 25.54 percent in the first two months of the year compared to the same period of 2015, according to statistics from China's Customs Service released by Macau Forum.

US and Portuguese companies search for oil in Sao Tome and Principe in 2017

7 April 2016
US company Kosmos Energy and Portugal's Galp Energia in January 2017 are due to carry out seismic surveys in three oil blocks in the Exclusive Economic Zone (EEZ) of Sao Tome and Principe, announced Wednesday the director of the country's National Oil Agency. Orlando Sousa Pontes made this announcement during the public presentation ceremony of an environmental impact study prepared jointly by Kosmos Energy, the operator of blocks 11 and 12 of the Sao Tome EEZ and Galp Energia, the operator of block 6 in the same area.

Trade between China and Portuguese-speaking countries falls 18 pct in January

7 March 2016
China and the eight Portuguese-speaking countries began 2016 with a year on year fall of 18.69 percent in trade in January, which totalled US$6.158 billion, according to Chinese official figures published in Macau. Trade with Brazil totaled US$4.419 billion (-20.61 percent), with China exporting goods worth US$1.682 million (-17.89 percent) and importing goods worth US$2.737 billion (-22.19 percent).

Trade between China and Portuguese-speaking countries falls by 25.73pct in 2015

2 March 2016
The value of trade between China and the Portuguese-speaking countries fell by 25.73 percent in 2015 to US$98.474 billion, a real loss of US$34.106 billion, according to official Chinese figures. The only positive changes in the value of trade occurred in Timor Leste (East Timor - US$106.67 million or +76.48 percent) and Sao Tome and Principe (US$7,9 million or +37.99 percent).
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