AGP Executive Report
Last update: 7 hours agoEnergy & Oil-Gas: Galp Energia signed a tentative deal to run exploration studies on offshore acreage in Equatorial Guinea (blocks EG-02, EG-09 and H), a potential step toward a production sharing contract and a notable move given Galp’s existing role in ultra-deepwater projects near São Tomé and Príncipe. Trade & Finance: Afreximbank appointed Peter Adeshola Olowononi as director of regional operations for Southern Africa, effective May 1, with a mandate covering 13 countries and building on his prior work across Anglophone West Africa, including São Tomé and Príncipe. Diplomacy for Industry: South Korea’s Foreign Minister Cho Hyun held bilateral talks with counterparts including São Tomé and Príncipe’s foreign minister in Seoul, discussing expanded cooperation across the economy, maritime security, development, and energy. Startup & Innovation: The 929 Challenge is expanding into AIE Expo Macao 2026, adding an acceleration programme aimed at helping startups enter the Greater Bay Area market, with São Tomé and Príncipe listed among the Portuguese-speaking countries in the 929 network. Banking Oversight: Central African banking supervisors met in Yaounde to focus on managing emerging risks like digital fraud, cybersecurity, AI and climate risks to protect financial stability.
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