Press Releases

Africa: Sao Tome and Principe National Day

Press Statement by Rex W. Tillerson, Secretary of State: On behalf of the Government of the United States of America, congratulations to the people of Sao Tome and Principe on the 42nd anniversary of your independence on July 12th. The U.S....

São Tomé and Príncipe: IMF Mission Reaches Staff-Level Agreement on an Extended Credit Facility Arrangement

Press Release No. 15/194 May 7, 2015 End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not...

Russian war-vessel resumes African tour

(MENAFN) The Russian naval training ship Smolny has arrived in the Republic of the Congo as part of its ongoing regional tour, the Russian Embassy in Congo announced on Tuesday. The vessel, belonging to Russia’s Baltic Fleet, docked at...

IMF Staff Completes Visit to São Tomé and Príncipe

Economic prospects are favorable, with growth expected to be around 5 percent in 2017 Inflation rose to 5.1 percent at end-2016, up from 4 percent in 2015 Domestic primary deficit in 2016 was higher than expected A staff team from the...

IMF Staff Completes Visit to São Tomé and Príncipe

April 5, 2017 End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the...

IMF Executive Board Completes Second ECF Review for São Tomé and Príncipe, and Approves US$0.9 Million Disbursement

December 9, 2016 The Executive Board of the International Monetary Fund (IMF) today completed the second review of São Tomé and Príncipe’s economic program, supported by an Extended Credit Facility (ECF) [1] arrangement. Completion of the review...

Russian Naval Vessel Strengthens Ties in Africa

(MENAFN) A Russian naval instructional vessel has reached the Republic of the Congo as part of a broader regional itinerary, the Russian Embassy in the Central African nation revealed on Tuesday. The vessel, named ‘Smolny’ and affiliated with...

IPIM Organised a Delegation to Participate in the “Entrepreneurs Meeting for Commercial and Economic Co-operation between China and Portuguese-speaking Countries” With 120 Business Matching Sessions Arranged and 6 Contracts Signed

MACAU, July 31 - The “Entrepreneurs Meeting for Commercial and Economic Co-operation between China and Portuguese-speaking Countries - Malabo - 2025” was held in Equatorial Guinea on 29 July local time, with the theme of “Industrialisation...

Africa: Congratulations to Sao Tome and Principe's New President Evaristo Carvalho

The United States offers congratulations to the people of Sao Tome and Principe on successfully holding free, fair, and transparent elections on July 17 and August 7, and to new President Evaristo Carvalho on his September 3 inauguration. This...

IMF Staff Completes Review Mission to São Tomé and Príncipe

September 28, 2016 End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent...

AUC Chairperson approves the deployment of a Short Term Election Observation Mission to the Republic of São Tomé and Príncipe’s Presidential Election.

Following an invitation from the Government of the Republic of São Tomé and Príncipe, the Chairperson of the African Union Commission (AUC), Her Excellency Dr. Nkosazana Dlamini-Zuma, has approved the deployment of an African Union Short-Term...

Democratic Republic of São Tomé and Príncipe : Second Review under the Extended Credit Facility, and Request for Waivers for Nonobservance of Performance Criterion and Modification of Performance Criteria-Press Release; Staff Report; and Statement by t…

Country Report No. 16/385

IMF Executive Board Concludes 2016 Article IV Consultation with São Tomé and Príncipe

On June 10, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the 2016 Article IV consultation[1] with the Democratic Republic of São Tomé and Príncipe. São Tomé and Príncipe’s economy has been resilient even after...

Russian Naval Training Ship Docks in Equatorial Guinea

(MENAFN) The Russian naval training ship Smolny has made port in Equatorial Guinea for its second official visit, according to African Initiative, which reported the arrival on Sunday. The vessel, part of Russia’s Baltic Fleet, was welcomed in the...

Russian Warship Makes Second Visit to Equatorial Guinea

(MENAFN) The Russian naval training vessel Smolny has arrived in Equatorial Guinea for its second formal visit, according to a report by a news agency on Sunday. This ship is part of Russia’s Baltic Fleet and was welcomed in the capital city of...

Russian training war-vessel docks in Equatorial Guinea

(MENAFN) The Russian naval training ship Smolny has arrived in Equatorial Guinea for its second official visit, according to the African Initiative news agency on Sunday. The vessel, which belongs to Russia’s Baltic Fleet, was welcomed in the...

Russia’s naval ‘Smolny’ makes second stop in Equatorial Guinea

(MENAFN) The Russian naval training ship Smolny has made its second official stop in Equatorial Guinea, marking the beginning of its latest international voyage, according to reports. Part of the Baltic Fleet, the vessel was welcomed in Malabo by...

São Tomé and Príncipe: IMF Executive Board Concludes the Second Review under the Extended Credit Facility Arrangement

Press Release No. 13/516 December 16, 2013 The Executive Board of the International Monetary Fund (IMF) today completed the second review under the three-year arrangement under the Extended Credit Facility (ECF) for S o Tom and Pr ncipe. The...

ERHC Energy Reaches Agreement With Kosmos for Block 11, Sao Tome and Principe EEZ

HOUSTON, TX -- (Marketwired) -- 10/20/15 -- ERHC Energy Inc. (OTC PINK: ERHE), a publicly traded American company with oil and gas assets in Sub-Saharan Africa, announced today that it has reached an agreement with Kosmos Energy (NYSE: KOS), a...

Democratic Republic of São Tomé and Príncipe: Request for a Three-Year Arrangement Under the Extended Credit Facility and Cancellation of the Current Arrangement Under the Extended Credit Facility-Press Release; and Statement by the Executive Director …

Summary: EXECUTIVE SUMMARY Context: São Tomé and Príncipe’s economic development is constrained by its insularity, fragility, limited resources, and low capacity as a small island state. The current ECF arrangement is set to expire on July 19,...