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Businessafrica.net Newsletter ISSN 1563-4108
Dr. QUENUM & ASSOCIATES
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PRESENTATION

Sao-Tome y Principe map :The Perry-Castañeda Library Map Collection
The University of Texas at Austin
http://www.lib.utexas.edu/Libs/PCL/Map_collection/africa.php

Republica Democratica de Sao Tome e Principe (Democratic Republic of Sao Tome and Principe) is composed of two islands: Sao-Tomê and Principe.

Located in Western Africa, in the Gulf of Guinea, straddling the Equator, off Gabon coastline Geographic coordinates: 1 00 N, 7 00 E

Total area: 1,001 sq. km land (four times Singapore territory size):

Coastline: 209 km

Population: 159,883 (July 2000) 175,883 (July 2003 est.)
Population growth rate:
3.16% (2000); 3.18% (2003 est.)

Capital-City:Sao Tome

Independence
from Portugal: July 12,1975
National holiday: Independence Day, 12 July
Constitution: approved March 1990; effective 10 September 1990

Natural resources: fish, hydropower

Agriculture productions: cocoa, coconuts, palm kernels, copra, cinnamon, pepper, coffee, bananas, papayas, beans; poultry; fish

Industrial production: light construction, textiles, soap, beer; fish processing; timber Industrial production growth rate: NA%

Sao Tome e Principe's economy became increasingly dependent on cocoa since independence 26 years ago. Cocoa production, however, steadily declined from 90,000 metric tons in the mid 1970's to a bare 3,500-4,500 metric tons nowadays because of drought and mismanagement.

With an annual budget revenues averaging US$ 60 million (90% based on cocoa exportation in the mid 1970's) and non compressible expenditures in the range of US$114 million, the declining in cocoa production produced drastic drains on the country national budget with a resulting persistent balance-of-payments deficit.

Sao-Tomê e Principe authorities are always desperately in need of financing. Indeed, most manufactured goods, consumer goods, and a significant amount of food are imported. Over the years, servicing the external debt load bocome more and more difficult. The country depends on foreign aid and debt rescheduling. Sao Tome benefited from US$ 200 million in debt relief in December 2000 under the Highly Indebted Poor Countries (HIPC) program.

However, Sao-Tomê e Principe's current poor country status could be overturned, in the very near future, to a rich one.

Position of Sao-Tomê Y PrincipeAs one can see on the Africa's map at the left side, Sao-Tomê e Principe territory is right in the middle of the oil-rich waters of the Gulf of Guinea (where oil fields abound in Cote d'Ivoire, Benin, Nigeria, Cameroon, Equatorial Guinea, Gabon and Angola). Local authorities are hopeful that some oil fields might also be discovered in their maritime territories and help them enter the circle of oil rich countries.

Mobil Corporation - the international oil exploitation company - had been granted research permits; seismographic probing results are promising. If that dream becomes true the persisting balance-of-payments deficit problem will be solved and replaced by plenty of revenues. Click here for more

American and European companies are not the only one interested in investing in São Tomé's nascent oil industry. Nigeria and Sao Tome signed a joint commission agreement in 2002 to administer the resources in the maritime zone under an agreed sharing formula of 60 to 40.

On May 5, 2004 Chevron Texaco and ExxonMobil as well as a diversified indigenous business group, Dangote Group have won the first oil bloc in the Nigeria-Sao Tome and Principe Joint Development Zone.

Nigeria's Olusegun Obasanjo and Sao Tomé's Fradique de Menezes approved the transaction, which signalled the first step towards the commencement of full oil exploration in the zone. Chevron-Texaco would serve as the main operator with 51 per cent stockholding, ExxonMobil has 40 per cent. The remaining nine per cent equity goes to Dangote Group

Chrome Energy (Environmental Remediation Holdings Corp or ERHC) has a treaty with São Tomé establishing a joint development zone in waters off both countries, allowing 60 percent of the revenue from the area to go to Nigeria. And Sonangol, Angola's state-controlled oil company, has reached a preliminary agreement to train São Toméan oil officials and invest in future projects.


MORE ON SAO TOME e PRINCIPE

1- D&B Export Guide To Sao Tome
Digital Delivery In PDF by D&B
2- A Strategic Assessment of Sao Tome
Digital Delivery In PDF
3- InVestment And Business Guide
by Emerging Markets Investment Center
4- From Plantation Colony To Microstate
by Tony Hodges, Malyn Newitt
5- More News On Sao Tome Y Principe
by AllAfrica

Click to contact Dr. Bienvenu-Magloire Quenum

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SOME FIGURES


GNP:
US$ 35 million (2000); 36.4 million (2001); 37.5 million (2002); 39.2 million (2003)
GNP- growth rate:3% (2000): 4% (2001); 4% (2002); 4.6% (2003)
GNP-per capita: US$ 187 (2001); US$ 222 (2003)

Click here for the difference between GNP and Parity Purchasing Power

GNP-composition by sector

  1. agriculture: 25%

  2. industry: 10%
  3. services: 65%

Exports: US$ 4.1 million (f.o.b., 2001);5.5 million f.o.b. (2002 est.)
Commodities: commodities: cocoa 90%, copra, coffee, palm oil
Exports - partners: Netherlands 30.1%, Poland 11.8%, Canada 9.7%, Germany 7.5%, Philippines 7.5%, Spain 7.5%, Belgium 6.5%, France 4.3%, Portugal 4.3% (2002)

Imports: US$ 40 million (f.o.b., 2001); 24.8 million f.o.b. (2002 est.)
Commodities: machinery and electrical equipment, food products, petroleum products
Imports - partners: Portugal 51.4%, Germany 10.1%, UK 7.6%, Belgium 6.3% (2002)

FOR CURRENCY EQUIVALENCE CLICK HERE

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ENTRY POLICY / HEALTH POLICY


A visa is required to enter Sao-Tomê e Principe territory and must be obtained in advance. Travelers should obtain the latest information and details from the nearest Sao-Tomê e Principe diplomatic representation.
Austria
São Tomé & Príncipe Consulate
Margaretengürtel 1a. - 3a.
1050 Vienna / AUSTRIA
Tel: +(43) 1 545 16 53 50
Fax: +(43) 1 545 16 53 46
USA
Permanent Mission
UNITED NATIONS
122 East 42nd Street, Suite 1604,
New York, NY 10168
Tel: +(1) 212 6974211
Belgium
São Tomé & Príncipe Embassy
Avenue de Tervuren, 175
1150 Brussels / Belgium
Tel: +(32) 2 734 8966
Fax: +(32) 2 734 8815
E-mail:
Click here
Portugal
São Tomé & Príncipe Embassy
Avenida Gago Coutinho N° 26 6° Piso Lisbon /Portugal
Tel: +(351) 21 846 1917
Fax: +(351) 21 846 9119

UK
São Tomé & Príncipe Consulate
Gayton Road Harrow - Middlessex
London /UK
Tel: +(44) 181 863 9001
Fax: +(44) 181 863 8651

Netherlands
São Tomé & Príncipe Consulate
Keizersgracht 448 1016 GD Amsterdam / Netherlands
Tel: +(31) 20 639 1756
Fax: +(31) 20 639 1259
Luxembourg
São Tomé & Príncipe Consulate
Route d'Arlon 243/B.1
1150 Luxembourg
Tel: +(352) 45 58 17
Fax: +(352) 44 67 58
Sweden
São Tomé & Príncipe Consulate
JLV Diplomatic Service BOX 26265
10040 Stockholm /Sweden
Tel: +(46) 08 560 33986
FRANCE
São Tomé & Príncipe Consulate
42, cours Pierre Puget
13006 MARSEILLES /France
Tel: +(33) 4 91 33 96 69
Fax: +(33) 4 91 54 11 26
E-mail:
Click here
FRANCE
São Tomé & Príncipe Consulate
144, Boulevard Haussmann
75008 Paris /FRANCE
Tel: +(33) 1 42 56 25 75
Fax: +(33) 1 42 56 36 93
Germany
São Tomé & Príncipe Consulate
Friedberger Strasse 173
D 61118 Bad Vibel /Germany
Tel: +(49) 6101 55 1892
Fax: +(49) 6101 55 1955
Germany
São Tomé & Príncipe Consulate
Hannover Strasse 21
B D 30938 Burgwedel /Germany
Tel: +(49) 513 95 093
Fax: +(49) 513 98 8998

AIR-LINKING / TRANSSHIPPING


Flight schedules of various air transport companies servicing Sao-Tomê e Principe territory are available here.

Sao-Tomê e Principe Merchant marine: total: 9 ships (1,000 GRT or over) totaling 43,587 GRT/34,802 DWT ships by type: cargo 4, container 1, refrigerated cargo 1, roll-on/roll-off 3 (1999 est.)

Main ports and harbors: Sao Tomê on the Sao-Tomê Island and Santo Antonio on Principe Island.

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INVESTOR CONTACTS
Permanent Mission
UNITED NATIONS
122 East 42nd Street, Suite 1604,
New York, NY 10168
Tel: +(1) 212 6974211
AGULHAS BAY
CONCESSION FREE ZONE

PO Box 500
Franschhoek
7690 / South Africa
Tel: +(27) 21 876 2000
Fax: +(27) 21 876 2751
Website:
Click here
E-mail:
Click here
São Tomé & Príncipe Embassy
Avenue de Tervuren, 175
1150 Brussels / Belgium
Tel: +(32) 2 734 8966
Fax: +(32) 2 734 8815
E-mail: Click here
São Tomé & Príncipe Embassy
Avenida Gago Coutinho N° 26 6° Piso Lisbon /Portugal
Tel: +(351) 21 846 1917
Fax: +(351) 21 846 9119
ACCOMMODATION


There are few hotels in Sao Tomé the Capital City and Santo Antonio in Principe island. They are below listed.

Bom Bom Island Resort
Tel: +(239) 12 51 114
Fax: +(239) 12 51 141
E-mail:
Click here
Residencial Avenida
Tel: +(239) 12 22 368
Fax: +(239)12 21 333
E-mail:
Click here
Marlin Beach Hotel
Tel: +(239) 12 22 350
Fax: +(239) 12 21 814
E-mail:
Click here
Hotel Miramar
Tel: +(239) 12 22 511
Fax: +(239) 12 21 087
E-mail:
Click here
Hotel Phenicia
Tel: +(239) 12 24 203
Fax: +(239) 12 24 206
E-mail:
Click here
Nora Rizzo / João Carlos Silva
Tel: +(239) 12 22573
Fax: +(239) 12 2l333
E-mail:
Click here

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