AGP Executive Report
Last update: 7 hours agoPresidential Vote Count: Sao Tome and Príncipe’s presidential election is in the counting phase after voters went to the polls Sunday. Incumbent Carlos Vila Nova is seeking a second term against Nito Viegas D’Abreu, backed by former PM Patrice Trovoada, plus two independents; if no one clears 50%, a runoff is set for August 9, with officials flagging low turnout. Election Stakes for Business: The vote is also a stability test for the cocoa-producing Gulf of Guinea economy, where the presidency is largely ceremonial but political direction still matters for investment confidence. Oil Licensing Setback: In parallel, Sao Tome rejected bids for its three offshore oil blocks (7, 8 and 9) after only Petrobras and Nigeria’s Oranto submitted offers, failing the government’s competition and operator-diversification criteria—another blow to hopes for a breakthrough discovery. Regional Cooperation: CPLP marked its 30th anniversary with renewed focus on strengthening cooperation among member states, including Lusophone economic and institutional ties.
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