STP
Stories (5)
STP Prime Minister Discusses Justice Reforms
Summary: - São Tomé and Príncipe (STP) remains a stable, democratic country engaging actively with international partners on reforming its justice and security sectors. - On 15 January 2024, STP Prime Minister Patrice Trovoada addressed the UN Peacebuilding Commission to highlight reforms guided by UN-ECCAS assessments, seeking further support from the UN Peacebuilding Fund and other sources. - Key reform priorities discussed include strengthening the police and army, improvi
2026-05-24Sao Tome and Principe Seeks Türkiye Investmen
Summary: - Sao Tome and Principe’s foreign minister Ilza Maria dos Santos Amado Vaz outlines a strategic, mutually beneficial partnership with Türkiye centered on economic diplomacy and investment. - Key focus areas for cooperation include energy transition (reducing fossil fuels), sustainable tourism development, and closing infrastructure gaps (roads, ports, airports) to boost tourism and connectivity. - The country highlights opportunities in the blue economy, leveraging a
2026-05-24IMF and São Tomé Reach Key Agreement
Summary: - The IMF and São Tomé and Príncipe reached a staff-level agreement on the second review of the 40-month Extended Credit Facility (ECF) program. Most targets for the second review were met, with progress on macro-structural reforms. - The ECF arrangement, approved in Dec 2024 for SDR 18.5 million (about US$25 million), could provide around SDR 2.1 million (US$2.8 million) upon board approval, bringing total IMF disbursements under the program to about SDR 10.1 millio
2026-05-24São Tomé and Príncipe Offers 85% Stake in Oil
Summary: - Sao Tome and Principe (STP) has opened a competitive tender for offshore Blocks 7, 8 and 9 in its western EEZ, offering up to 85% participating interest to investors. Submissions are due by June 30, 2026. - The licensing round is supported by the African Energy Chamber, highlighting growing international investor interest in STP’s frontier offshore petroleum potential and its role in regional energy integration. - Blocks 7–9 are in a frontier western offshore area
2026-05-24São Tomé and Príncipe Offshore Licensing Bid
Summary: - São Tomé and Príncipe is pursuing frontier offshore exploration by launching a new bidding round for Blocks 7, 8, and 9 in its EEZ, inviting up to 85% participating interest and proposals due by June 30, 2026. - The move signals renewed momentum in the country’s upstream sector, aiming to attract international oil companies and investment amid growing interest from players like Petrobras and Shell. - The blocks are in a geologically promising area with similarities
2026-05-24