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Sao Tome and Principe

The economy of Sao Tome is dominated by Cocoa production, and a growing manufacturing sector led by fish and food processing. The country’s potential for tourism is huge and there is a growing interest among foreign investors into the sector. The Government has engaged various structural reforms including fiscal reforms to attract FDI. Sao Tome ranks in the top 7 of African countries in terms of human development index and its real GDP is projected to growth at an average yearly rate of 3% in the next 5 years.

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Sao Tome

Sao Tome: The textile products market for Sao Tome is set hit 500+ Billions by 2030

From thread spinning to textile-based apparels manufacturing, the industry is projected based on current consumption trends and future income paths, to hit a total gross value added of 532 illions by 2035.

This huge growth in output is expected to generate 3 millions employment and boost fiscal revenue and could become a leading exporting sector for the Gabonese economy.

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