Infrastructure: Oando Partners Sao Tome & Principe

Infrastructure is crucial to achieving Africa’s sustainable development goal of ending extreme poverty and increasing shared prosperity. A recent World Bank study found that the poor state of infrastructure in many parts of Africa reduced national economic growth by two percentage points every year and cut business productivity by as much as 40%, making Africa, in spite of its enormous mineral and other natural resources, the region with the lowest productivity levels in the world.

Oando PLC through its subsidiary, Equator Exploration Limited was recently in Sao Tome & Principe (STP) to reaffirm its commitment to sustainable development projects in the communities in which it operates. The Company has worked in partnership with the National Petroleum Agency of Sao Tome (ANP-STP) and the Government since 2005 when it started operations in STP, and in line with its Community Relations Policy, has developed and executed much needed empowerment and development projects for the country.

On Friday, January 19, 2018 all players celebrated their joint success with a handover ceremony of state of the art ambulances to the Minister of Health, Maria de Jesus Trovoada. Present at the ceremony was the Minister, Infrastructure, Natural Resources and Environment, Carlos Vila Nova who commended the Company for fulfilling its commitment to deliver on social investment initiatives as part of its business operations in the country.