AGP Executive Report
Last update: 6 hours agoSao Tome Election Update: Carlos Vila Nova has won a second term as President of São Tomé and Príncipe with 55.94% of the vote, avoiding a runoff, after a campaign marked by his split from the ruling ADI party and a political crisis over the dismissal of former PM Patrice Trovoada. Oil & Investment Signals: São Tomé and Príncipe rejected bids for three offshore oil blocks in its 2026 licensing round, citing weak competition—only Petrobras and Nigeria’s Oranto Petroleum bid—raising questions about investor appetite and deal terms. Labor & Costs: A new 2026 ranking flags São Tomé and Príncipe among Africa’s most overworked countries, with average weekly hours around 49, adding pressure to already import-dependent prices. Regional Mobility: South Africa’s 2026 visa-free list for 90 days includes São Tomé and Príncipe, while broader African passport access remains uneven, with Nigeria’s passport slipping in global rankings. Finance Expansion: Afriland First Bank opened in the Central African Republic, targeting a low-banking-penetration market and aiming to grow deposits by 2030. CPLP Cooperation: The CPLP marked 30 years, with Angola hosting a parliamentary session focused on strengthening governance and practical cooperation among member states.
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