AGP Executive Report
Last update: 6 hours agoConstruction & Equipment: Hitachi Construction Machinery Europe is reshaping its dealer network across Northwest and Central West Africa, with Machinery Distribution in Africa (MDA) taking expanded coverage in countries including São Tomé and Príncipe, and Movicortes widening its territory to include São Tomé and Príncipe as well; SMT will end its authorised dealer role in affected markets by end-2026, while Hitachi also plans a direct presence in Morocco and Mauritania to support mining customers. Elections & Jobs: As São Tomé and Príncipe heads into legislative elections on Sunday (Sept. 27), voters say the top priority is stopping youth exodus by creating jobs and opportunities, with construction flagged as already facing labor shortages; turnout concerns linger after the July presidential vote saw many abstain. Energy & Regional Oil Links: Petrobras signed production-sharing contracts for eight offshore exploration blocks in Ivory Coast (90% stake for Petrobras, 10% for Petroci) and also signed an oil-and-gas cooperation memorandum with Mozambique’s ENH, signaling continued push to replenish reserves beyond Brazil. Currency Watch: In September 2026, the São Tomé and Príncipe dobra was among the currencies requiring some of the largest amounts per US dollar, even as the naira stayed off Africa’s weakest-currency list. Cultural & Education Outreach: Russia’s “Russian House” network is expanding, with new partner centres planned for São Tomé and Príncipe among other African countries, aiming to boost Russian language, education, science, and youth projects. Maritime Sanctions Scrutiny: Ukraine’s Defense Intelligence flagged vessels linked to Russia’s sanctions-bypass and shadow fleet operations, listing ships operating under flags including São Tomé and Príncipe.
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