AGP Executive Report
Last update: 7 hours agoOil & Gas: Galp Energia has signed a tentative deal to run exploration studies on offshore acreage in Equatorial Guinea, a move that would mark its formal debut there, while noting it already has a presence via partner interests in ultra-deepwater blocks near Sao Tome & Principe; the MoU covers blocks EG-02, EG-09 and H ahead of a possible production sharing contract. Regional Finance: Afreximbank appointed Peter Adeshola Olowononi as director of regional operations for Southern Africa, effective May 1, with prior experience including client relations covering São Tomé and Príncipe and managing risk assets above US$12bn. Diplomacy for Trade: South Korea’s foreign minister held talks with counterparts from 11 African countries including São Tomé and Príncipe, focusing on expanding economic cooperation, maritime security and development coordination. Business Climate Signal: Ghana ranked 4th freest in Africa and 46th globally in the Atlantic Council Freedom Index, with São Tomé and Príncipe listed just behind Ghana in the same table.
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