São Tomé e Príncipe aiming to tempt Chinese investors

An official in São Tomé e Príncipe has said an investment conference there today and tomorrow is a chance for his country to attract foreign private investors, Lusa reports.

The Portuguese news agency quotes the official, São Tomé e Príncipe Trade Promotion and Investment Agency (APCI) Director Rafael Branco, as saying: “This is an especially timely opportunity for us to promote ourselves among our external partners, particularly China, which is a faraway country and will be represented at the meeting by associations from different provinces.”

Mr Branco said over 170 São Toméan businesspeople and about 150 representatives of foreign entities, mainly Chinese, were expected to attend the conference.

He said the foreigners included Portuguese, Angolans, Mozambicans and Timor-Leste people.

The report says the conference will be told about 60 projects, half of them in the tourism business, and the others in farming, infrastructure, commerce, processing and service industries.

The conference is the 14th in a series intended to prompt economic engagement between China and the Portuguese-speaking world, and has been arranged jointly by the China Council for the Promotion of International Trade, the Macao Trade and Investment Promotion Institute and APCI, Lusa says.