AGP Executive Report
Last update: 8 hours agoPresidential Election Watch: Vote-counting is underway in São Tomé and Príncipe after Sunday’s presidential election, with incumbent Carlos Vila Nova facing party rival Nito Viegas D’Abreu and two independents; a run-off is set for Aug. 9 if no candidate clears 50%, while officials flagged low turnout and isolated polling disruptions. Oil & Gas Policy: São Tomé and Príncipe rejected bids for three offshore oil blocs in its 2026 licensing round after only Petrobras and Nigeria’s Oranto Petroleum submitted offers, citing insufficient competition despite generous terms. Inflation Pressure: New inflation figures put São Tomé and Príncipe at 9.2% (May 2026), up from 8.6% the prior month, with the economy still highly exposed to global food and energy price swings. Regional Finance: Afriland First Bank opened a branch in the Central African Republic, aiming to grow deposits in a market with very low banking penetration. Maritime Security & Trade: A wider Gulf of Guinea focus continues as the region’s shipping lanes and port infrastructure remain central to both economic activity and security concerns.
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