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Macau Plops Investment & Promotion Co. Ltd and BGFIBank Group SA of São Tomé and Príncipe have agreed to set up an e-commerce website, Jornal do Cidadão reports.

The Macao newspaper says Macau Plops Investment & Promotion general Manager Lau Kam Chiu and BGFIBank Director-General Felisberto Castilho signed the agreement in São Tomé.

The report says the e-commerce website may facilitate economic engagement among companies in central Africa and Asia, particularly Chinese companies.

In May Macau Plops Investment & Promotion helped BGFIBank put on in Macao a seminar which sought to inform financial institutions in Macao about conditions in central African markets, Jornal do Cidadão says.