AGP Executive Report
Last update: 8 hours agoElectricity Modernisation: TECMON Energy wrapped up a 29 June–2 July working visit to São Tomé and Príncipe, reviewing plans with the Ministry of Infrastructure and Natural Resources, DGRNE and EMAE to stabilise and modernise the national power sector across generation, fuel supply, transmission, distribution, metering and revenue protection. Offshore Oil & Gas: Petrobras completed its acquisition of operatorship and a 75% stake in offshore Block 3 exploration off São Tomé and Príncipe, with Oranto holding 15% and the National Petroleum Agency 10%, as the firm pushes frontier exploration to replenish reserves. Fintech & Digital Finance: A new look at São Tomé and Príncipe’s fintech landscape argues digital finance can be more about practical development tools than building a large startup ecosystem, given the country’s small economy and heavy reliance on tourism, agriculture and fisheries. Shipping Costs: CMA CGM announced July 2026 Peak Season Surcharges, including a US$200 per TEU charge on China-origin cargo to the West Africa North Range covering São Tomé and Príncipe. Aviation Demand: The World Bank’s Tourism Watch flags a 7% drop in estimated aviation passenger arrivals for São Tomé and Príncipe in early 2026, while several neighbours posted strong growth.
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