ERHC Energy Inc (ERHE)

[RubyMartin]

Sao Tome and Principe: Japan provides aid of over US$2 million [ 2007-12-11 ]


Sao Tome, Sao Tome and Principe, 11 Dec – Japan has donated over US$2 million to Sao Tome and Principe in order to re-launch a sustainable economic development plan for the archipelago, the Japanese ambassador, Motoi Katto, said Monday.

The funding is the result of an agreement between the two countries via a document signed Monday in Sao Tome by the Japanese ambassador and the representative of the Sao Tome foreign affairs minister, Óscar Sousa, who has the role of minister of defense.

The Japanese ambassador said that the funding was aimed at combating poverty on the archipelago through investments in social sectors, particularly education, health and infrastructure.

As well as food aid, particularly by providing rice, the government of Japan has also invested in the fishing, agricultural and education sectors in its cooperation with Sao Tome and Principe. (macauhub)