AGP Executive Report
Last update: 6 hours agoPresidential Election Watch: São Tomé and Príncipe’s voters headed to the polls for a crucial presidential vote, with incumbent Carlos Vila Nova seeking a second term against party rival Nito Viegas D’Abreu and two independents; polling began calmly, and officials said voting was broadly normal despite isolated protests that suspended voting in two localities, while the largely ceremonial presidency still shapes representation and law promulgation. Political Stakes for Business: The election comes as Vila Nova runs after splitting from the ruling ADI party, with stability and jobs for young people at the center of the campaign—an issue that matters for cocoa and other agriculture-dependent livelihoods. Regional Finance Expansion: Cameroon’s Afriland First Bank opened in the Central African Republic, aiming to grow deposits in a market with low banking penetration—an example of how regional lenders are pushing deeper into underbanked economies. Energy & Licensing Setback: São Tomé and Príncipe reportedly rejected all bids in its latest offshore oil licensing round, saying proposals lacked operator diversity, including offers from Petrobras and Oranto. Trade & Mobility Links: Cabo Verde updated its visa-free entry list to 67 countries, including 17 African nations, with pre-registration and airport security tax requirements.
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