News & Events
08/11/2018 - The projects form part of a development finance compact between the Bank, the government of Portugal, and the six Portuguese-speaking countries of Africa - Angola, Cabo Verde, Equatorial Guinea, Guinea-Bissau, Mozambique, and Sao Tomé and Principe, also known as PALOPs. The compact, signed at the African Investment Forum in Johannesburg on Tuesday, stems from efforts by the African Development Bank to bring more focus on the private sector in the PALOPs.
27/06/2018 - The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank, has approved on 30 May 2018 a US$ 1 million grant to support the Republic of São Tomé & Príncipe in unlocking private investments in development of mini hydro power projects. The projects will have a medium-term effect of reducing the country’s dependence on imported heavy oil and diesel fuel as well as increase the use of clean and reliable energy resources on the islands.
07/06/2018 - African Development Bank President, Akinwumi Adesina, met with São Tomé and Príncipe President Evaristo Carvalho on Wednesday, just as the Bank’s Board of Directors in Abidjan approved the island nation’s new Country Strategy Paper 2018-2022.
04/06/2018 - The first President of the African Development Bank group to set foot on São Tomé and Príncipe, Akinwumi Adesina has arrived in the country for a five-day official visit to strengthen alliances between his institution and this lower middle-income island nation with a fragile economy.
10/04/2018 - The Southern African Governors of the African Development Bank have described the Bank as the future of Africa’s development, and called on it to lead the way to faster-paced development of the continent.
08/02/2017 - Le Fonds africain de développement (FAD), le guichet concessionnel du Groupe de la Banque africaine de développement (BAD), a donné son feu vert pour un prêt de 2,04 millions de dollars EU à la République de Sao Tomé-et-Principe, destiné à financer un projet de renforcement de l'infrastructure du système de paiement et de l'inclusion financière dans le pays.
Categories: São Tomé & Príncipe
06/04/2016 - A Bank mission, led by Acting Vice-President for Regional Operations, Janvier Litse, visited São Tomé and Príncipe (STP) from March 28-30, 2016, for a country dialogue. The progress made by the country’s Government following an investors’ conference held in London in October 2015, as well as the preparation of the Country Strategy Paper (CSP) 2017-2021, were at the heart of discussions. The mission recognized the progress and efforts made by the Government in implementing the recommendations of the London conference.
10/06/2015 - The African Development Bank Group (AfDB) will assist in tackling the prevailing food security and poverty challenges in São Tomé and Príncipe with a combined loan and grant of US $19.5 million approved by the Board of Directors on Wednesday, June 10, 2015 in Abidjan, Côte d’Ivoire.
07/11/2013 - The Southern African Customs Union (SACU) is 103 years old. Established on June 29, 1910 in Southern Africa the Customs Union Agreement (CUA) brought together the South African Union, the High Commission of Bechuanaland territories (current Botswana), Basutoland (current Lesotho) and Swaziland, then under British rule.