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São Tomé and Príncipe (Vol 1, 2004)

in Africa Yearbook Online
Author:
Gerhard Seibert
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(2,472 words)

This small country was again affected by political crisis and corruption scandals. A national forum to reconcile the various political groups in the interests of the country's development did not end the political instability. The emerging oil sector dominated economic development and attracted increasing international attention. Delays in the awarding of the first oil blocks, submitted to a bidding round in 2003, postponed the expected payment of signature bonuses to 2005.

Author:
Africa Yearbook Online

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