Sao Tome and Principe - Market OpportunitiesSTP - Market Opportunities
Tourism is one of the island nation’s most promising sectors, with the potential for attracting foreign investment.
The liberalization of the telecommunications market and the power sector may provide opportunities for investment.
Long discussed plans to construct a deep water port may provide investment opportunities.Recent Millennium Challenge Account (MCC)-driven reforms of the business climate and tax and customs regimes have increased the attractiveness of STP as an investment destination.
Despite recent declines, agriculture will continue to be an important sector.
Fishing is a potential growth sector.
Until recently, STP was thought to have significant oil and gas deposits that were expected to transform STP’s economy. More recent exploration suggests that energy reserves are much smaller than originally expected and of questionable commercial viability.