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Economy of Sao Tome and Principe and business opportunities

Economy of São Tomé and Príncipe

The economy of São Tomé and Príncipe, while traditionally dependent on cocoa, is experiencing considerable changes due to investment in the development of its oil industry in the oil-rich waters of the Gulf of Guinea. In 2003, the government agreed a Joint Development Zone over the area which gives Sao Tome 40% of revenues.

Oil reserves

Geologists estimate that the Gulf of Guinea zone (Niger Delta province) holds more than 10 billion barrels (1.6 km³) of oil, although no reserves have yet been proved. A joint oil project with Nigeria in 2005 is likely to contribute $50 million of revenues to the government from the exploration licence signing fees. This represents four times government revenues in 2004. São Tomé is optimistic that significant petroleum discoveries under the exploration licence are forthcoming.

Agriculture

Since the 1800s, the economy of São Tomé and Príncipe has been based on plantation agriculture. At the time of independence, Portuguese-owned plantations occupied 90% of the cultivated area. After independence, control of these plantations passed to various state-owned agricultural enterprises. The dominant crop on São Tomé is cocoa, representing about 95% of exports. Other export crops include copra, palm kernels, and coffee.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Economy Of Sao Tome and Principe"

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This section contains economy and business opportunities and from Sao Tome and Principe.
Sao Tome and Principe Economy Sao Tomean Economy, business opportunities in Sao Tome and Principe.
Summary:
INDIVIDUAL CONSULTANT IN ENTREPRENEURSHIP TO STRENGTHEN THE CAPACITY OF THE WOMEN ENTREPRENEURS ASSOCIATION PROFESSIONALS OF SÃO TOME ET PRINCIPE (AMEPSTP) SUPPORT AND PROVIDE SERVICES TO ITS ASSOCIATES AND WOMEN ENTREPRENEURS IN THE GENERAL FRAMEWORK OF THE IMPLEMENTATION OF THE ZUNTAMON INITIATIVE
Country:
Sao Tome and Principe
 
Notice Type:
Tender Notice
Deadline:
18 Apr 2024
Posting Date:
23 Mar 2024
 
 
 
Summary:
Provision Of Vehicle/Motor Insurance
Country:
Sao Tome and Principe
 
Notice Type:
Tender Notice
Deadline:
30 Mar 2024
Posting Date:
22 Mar 2024
 
 
 
Summary:
Arbitration
Country:
Sao Tome and Principe
 
Notice Type:
Tender Notice
Deadline:
03 Apr 2024
Posting Date:
21 Mar 2024
 
 
 
Summary:
Recruitment of intern for UGP
Country:
Sao Tome and Principe
 
Notice Type:
Tender Notice
Deadline:
29 Mar 2024
Posting Date:
14 Mar 2024
 
 
 
Summary:
Acquisition and Installation of Office Materials and Equipment for Equipping the Social Protection, Solidarity and Family Directorate/DPSSF
Country:
Sao Tome and Principe
 
Notice Type:
Tender Notice
Deadline:
26 Mar 2024
Posting Date:
09 Mar 2024
 
 
 
Summary:
Provision of IT Specialist to Support EMAE with the Implementation of Integrated Management Information System
Country:
Sao Tome and Principe
 
Notice Type:
Tender Notice
Deadline:
26 Mar 2024
Posting Date:
09 Mar 2024
 
 
 
Summary:
Recruitment of IT Speclalist to Assist EMAE in Design the New Management Information System
Country:
Sao Tome and Principe
 
Notice Type:
Tender Notice
Deadline:
26 Mar 2024
Posting Date:
29 Feb 2024
 
 
 
Summary:
St-Digital Sao Tome And Principe -- P177158
Country:
Sao Tome and Principe
 
Notice Type:
Procurement Plan
Deadline:
27 Jan 2025
Posting Date:
29 Jan 2024
 
 
 
Summary:
DISTRIBUTION AND CAPACITY STRENGTHENING IN SCHOOLS IN MENSTRUAL HYGIENE MANAGEMENT
Country:
Sao Tome and Principe
 
Notice Type:
Tender Notice
Deadline:
28 Mar 2024
Posting Date:
07 Mar 2024
 
 
 
Summary:
St-Girls Empowerment And Quality Education For All Project -- P169222
Country:
Sao Tome and Principe
 
Notice Type:
Procurement Plan
Deadline:
16 Jan 2025
Posting Date:
18 Jan 2024