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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:
Supply of Generator
Country:
Sao Tome and Principe
 
Notice Type:
Tender Notice
Deadline:
24 Apr 2024
Posting Date:
22 Apr 2024
 
 
 
Summary:
Hiring a company for technical supervision and monitoring of renovation work on school bathrooms
Country:
Sao Tome and Principe
 
Notice Type:
Tender Notice
Deadline:
29 May 2024
Posting Date:
22 Apr 2024
 
 
 
Summary:
Provision of Acquisition of software for banking supervision
Country:
Sao Tome and Principe
 
Notice Type:
Tender Notice
Deadline:
17 May 2024
Posting Date:
22 Apr 2024
 
 
 
Summary:
Hiring program policy officer / Specialist in social protection and resilience
Country:
Sao Tome and Principe
 
Notice Type:
Tender Notice
Deadline:
26 Apr 2024
Posting Date:
22 Apr 2024
 
 
 
Summary:
TECHNICAL SUPERVISION AND MONITORING OF THE REHABILITATION WORKS OF BATHROOMS IN SCHOOLS IN PRÍNCIPE
Country:
Sao Tome and Principe
 
Notice Type:
Tender Notice
Deadline:
29 May 2024
Posting Date:
22 Apr 2024
 
 
 
Summary:
Transaction advisor to review current power purchase agreements, support the procurement of the private developer of the solar IPP(independent power producers ) and, act as an advisor to the government on various aspects for solar capacity.
Country:
Sao Tome and Principe
 
Notice Type:
Tender Notice
Deadline:
03 May 2024
Posting Date:
22 Apr 2024
 
 
 
Summary:
HIRE A COMPANY FOR TECHNICAL SUPERVISION AND MONITORING OF THE REHABILITATION WORKS OF BATHROOMS IN SCHOOLS IN PRÍNCIPE
Country:
Sao Tome and Principe
 
Notice Type:
Tender Notice
Deadline:
29 May 2024
Posting Date:
15 Apr 2024
 
 
 
Summary:
Supply and Installation of Equipment and consumables in STP schools, to allow access to the Integrated School Management System (SIGE)
Country:
Sao Tome and Principe
 
Notice Type:
Tender Notice
Deadline:
31 May 2024
Posting Date:
15 Apr 2024
 
 
 
Summary:
AFAP - Software Acquisition for Banking Supervision
Country:
Sao Tome and Principe
 
Notice Type:
Tender Notice
Deadline:
17 May 2024
Posting Date:
10 Apr 2024
 
 
 
Summary:
Hiring an Office/Company to supervise the Works of Construction and Rehabilitation of Bathrooms (Esc. Básica de Porto Real, Esc. Básica Januário Graça, Esc. Básica Nove Estrela and Esc. Básica de Praia Inhame) in Príncipe
Country:
Sao Tome and Principe
 
Notice Type:
Tender Notice
Deadline:
29 May 2024
Posting Date:
10 Apr 2024