As a micro island State, Sao Tome and Principe (STP) faces many challenges that seriously impede its development process. Its governance capacity must be strengthened to allow the formulation of development policies likely to address its current needs in a relevant and coherent manner. The country’s infrastructural deficit (in areas such as transport, water, health and electricity) amidst dispersed populations contributes to high levels of public expenditure. This is compounded by high costs of production and of distribution of goods and services. The relatively weak private sector is not in a position to make a significant contribution to meet the needs of the population. This week, a panel discussion will be held to raise awareness on the opportunities and challenges of AfCFTA for STP, explore opportunities to promote diversification and development of the country’s blue and green economy, explore approaches to maximize the positive effects of AfCFTA and reduce the negative impacts it may have, particularly on the country’s fiscal revenues. It will also be an opportunity to explore ways of strengthening links between the ECA and the academia in STP.
SOURCE: VENTURES AFRICA
Tinubu Hits the Ground Running
Russian Minister Makes a Quick Stop in Nairobi
Four Men Absolved of Drug Trafficking in Liberia Disappear
Governments in Sub-Saharan Africa Struggle to Regulate the Mass Expansion of Online Gambling
Why Returns from European Countries are Hugely Unpopular in Most African Countries
A $3 billion IMF Bailout Will Not Instantly Solve Ghana’s Economic Problems
Can Kenya Successfully Establish Efficient and Affordable Smartphone Manufacturing?
How to Be a Female Politician in Africa
Egyptian Firm Unveils IoT-enabled Smartwatch
Women at the Forefront of Africa’s Peace Efforts
With ‘Banel & Adama,’ Ramata-Toulaye Sy Takes Her Place Among Cannes’ Top Names
The Lion Sleeps Tonight: One Song’s Journey from 1930s South Africa to Disney Money-Spinner