AGP Executive Report
Last update: 7 hours agoPresidential Vote Count: Vote-counting is underway in São Tomé and Príncipe after Sunday’s presidential election, with outgoing President Carlos Vila Nova facing Nito Viegas D’Abreu and two independents; a second-round run-off is set for Aug. 9 if no candidate clears 50%, amid concerns about low turnout and isolated polling disruptions. Oil & Gas Licensing Setback: São Tomé and Príncipe has rejected bids for offshore blocks 7, 8 and 9 after its 2026 licensing round drew only Petrobras and Nigeria’s Oranto, citing insufficient competition and operator diversification; the regulator says it will focus on already-awarded blocks and may reopen acreage later. Inflation Watch: New inflation figures keep São Tomé and Príncipe in the spotlight, with June 2026 inflation reported at 9.2% (up from 8.6% in May), reflecting the country’s import-heavy economy and sensitivity to global food and energy prices. Regional Cooperation: CPLP marked its 30th anniversary, with the group’s executive secretary stressing stronger cooperation among member states to tackle global challenges.
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