AGP Executive Report
Last update: 8 hours agoSao Tomé and Príncipe Presidential Race: Vote-counting is underway after Sunday’s presidential election, with incumbent Carlos Vila Nova winning a second term as an independent after breaking with the ruling ADI party; preliminary results put him at 55.94% versus Nito D’Abreu’s 41.42%, avoiding a runoff. Oil & Energy: The country rejected bids for three offshore oil blocks in its 2026 licensing round, citing weak competition after only Petrobras and Oranto Petroleum submitted offers—an outcome that raises questions about investor appetite. Regional Banking: Afriland First Bank opened in the Central African Republic, aiming to grow deposits in a low-banking-penetration market and targeting 10% of deposits by 2030. Labor & Well-Being: A new ranking lists São Tomé and Príncipe among Africa’s most overworked countries in 2026, with average weekly hours around 49.00. Business Cooperation: A China–Portuguese-speaking countries infrastructure and logistics meeting in Maputo produced 24 agreements worth about USD 150 million, with extensive business matching sessions.
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