São Tomé and Príncipe. A new government was installed in January following the November 1998 elections. Costa. The fact that the government formation took almost two months was due to the president refusing to approve a couple of the ministers proposed by Posser da Costa. Visit Countryaah official website to get information about the capital city of Sao Tome and Principe. The MLSTP-PSD accused the president of exceeding his powers, but still bowed to his demands.
- Also see Abbreviationfinder.org to see the acronym of STP which stands for Sao Tome and Principe and other definitions of this 3-letter abbreviation.
POPULATION AND ECONOMIC CONDITIONS
The population, according to official estimates, in 1998 was 141. 000 residents; the average annual rate of population growth in the period 1990 – 97, was around 2, 7 %. As in the past, the population mainly resides in the agricultural villages of the plantations; the small commercial centers (Santo António) are mainly inhabited by the Mulattos and the Whites. The capital, São Tomé, concentrates almost 30 % of the total population. In the period 1990 – 95 the GDP showed annual increases above all ‘ 1, 5%; in the second half of the decade, the pace slowed down and, in a few years, became negative.
The economy, based almost exclusively on plantation agriculture, is strongly conditioned by adverse weather conditions and fluctuations in the prices of export products on international markets. In the early 1990s, the World Bank financed an economic diversification program that involved splitting up large publicly owned plantations and passing them over to small private owners. In the same period, the government, in cooperation with the International Monetary Fund, launched an economic adjustment plan that had as its central points the devaluation of the currency, the increase in oil and electricity prices, the privatization of industries belonging to the State, substantial job cuts in the public sector, measures against tax evasion. While these measures have managed to contain the public deficit on the one hand, they have generated inflation and progressive popular discontent on the other. In 1997 a free zone was established on the island of Príncipe.
The primary sector contributes 23.3 % to the composition of GDP (1997) and employs over 38 % of the active population; the main agricultural productions are cocoa, nuts and coconut oil, cassava and copra, mainly destined for export. Substantial income comes from fishing, especially from the sale of fishing licenses in their territorial waters to fleets of foreign countries. The secondary sector (18.7 % of GDP in 1997) remains poorly articulated: the few industries present in the country produce soap, soft drinks, beer and textile products.
Dakar, capital and largest city in Senegal, located on Africa’s westernmost peninsula, Cape Verde; 2. 6 million residents (2015). A good and well protected natural harbor has made Dakar a port of call for intercontinental vessels. The Dakar – Saint-Louis railway is the oldest in West Africa and was opened in 1885. The rail link is also with Bamako in Mali. At the Yoff airport, several airlines stop operating between Europe and South America. Dakar is Senegal’s industrial center with extensive production of peanut oil, textiles, chemical products, fish preserves and other foods.
The city, which has a university since 1957, was founded in 1857 by the French governor of Senegal, Louis Faidherbe, and was the capital of French West Africa 1904–1959.