AGP Executive Report
Last update: 9 hours agoPresidential Election: São Tomé and Príncipe goes to the polls Sunday as incumbent Carlos Vila Nova seeks a fresh five-year mandate, running as an independent after splitting from the ADI party; the vote is seen as a key stability test after a reported 2022 coup attempt, with 142,298 registered voters and a largely ceremonial presidency that still shapes national direction. Campaign Stakes for Industry: With most executive power sitting with the prime minister and the economy heavily tied to cocoa and coffee, candidates are framing jobs and poverty reduction as the main economic agenda. Regional Cooperation: CPLP marks 30 years, with its executive secretary calling for stronger cooperation among member states to better tackle global challenges. Inflation Watch: New June 2026 figures put São Tomé and Príncipe inflation at 9.2%, still under 10% but rising from May, reflecting the country’s import dependence. Energy Licensing Setback: São Tomé and Príncipe reportedly rejected all bids in its latest ultra-deepwater oil licensing round (blocks 7, 8 and 9), citing insufficient operator diversity, including failed offers from Petrobras and Oranto. Geopolitics & Security: The election backdrop also includes renewed international attention after a Russia military cooperation agreement in 2024, raising questions about influence in the South Atlantic.
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