{"id":19415,"date":"2025-12-22T08:44:57","date_gmt":"2025-12-22T07:44:57","guid":{"rendered":"https:\/\/maritimafrica.com\/en\/?p=19415"},"modified":"2025-12-22T08:44:57","modified_gmt":"2025-12-22T07:44:57","slug":"african-development-banks-21-9-million-grant-to-boost-sao-tome-and-principes-blue-economy-and-strengthen-food-security","status":"publish","type":"post","link":"https:\/\/maritimafrica.com\/en\/african-development-banks-21-9-million-grant-to-boost-sao-tome-and-principes-blue-economy-and-strengthen-food-security\/","title":{"rendered":"African Development Bank\u2019s $21.9 Million Grant to Boost S\u00e3o Tom\u00e9 and Pr\u00edncipe&#8217;s Blue Economy and Strengthen Food Security"},"content":{"rendered":"<p><a href=\"https:\/\/maritimafrica.com\/en\/wp-content\/uploads\/2025\/12\/bost_sao_tome_and_principes_blue_a1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-19416\" src=\"https:\/\/maritimafrica.com\/en\/wp-content\/uploads\/2025\/12\/bost_sao_tome_and_principes_blue_a1.jpg\" alt=\"\" width=\"1300\" height=\"535\" srcset=\"https:\/\/maritimafrica.com\/en\/wp-content\/uploads\/2025\/12\/bost_sao_tome_and_principes_blue_a1.jpg 1300w, https:\/\/maritimafrica.com\/en\/wp-content\/uploads\/2025\/12\/bost_sao_tome_and_principes_blue_a1-300x123.jpg 300w, https:\/\/maritimafrica.com\/en\/wp-content\/uploads\/2025\/12\/bost_sao_tome_and_principes_blue_a1-1024x421.jpg 1024w, https:\/\/maritimafrica.com\/en\/wp-content\/uploads\/2025\/12\/bost_sao_tome_and_principes_blue_a1-768x316.jpg 768w\" sizes=\"auto, (max-width: 1300px) 100vw, 1300px\" \/><\/a><\/p>\n<ul>\n<li><em><strong>Investment to Rehabilitate Critical Fishing Infrastructure, create 30,000 Jobs, and Build Climate Resilience<\/strong><\/em><\/li>\n<\/ul>\n<p style=\"text-align: justify;\">The African Development Bank Group&#8217;s Board of Directors has approved a $22 million grant to finance the Blue Economy and Fisheries Infrastructure Rehabilitation and Maintenance Project in S\u00e3o Tom\u00e9 and Pr\u00edncipe, aaimed at unlocking the archipelago nation&#8217;s vast maritime potential while addressing critical food security challenges.<\/p>\n<p style=\"text-align: justify;\">The financing package comprises funding from the Transition Support Facility (TSF) Prevention Window and the African Development Fund (ADF).<\/p>\n<p style=\"text-align: justify;\">\u00a0The Blue Economy and Fisheries Infrastructure Rehabilitation and Maintenance (BEFIRM) project will directly benefit 30,000 people along the fish value chain \u2013 primarily small-scale fishers, processors, and traders \u2014and indirectly benefit an additional 100,000 citizens through improved food security and economic opportunities.<\/p>\n<p style=\"text-align: justify;\">S\u00e3o Tom\u00e9 and Pr\u00edncipe, a small island developing state with a population heavily dependent on fisheries, faces mounting challenges from climate change, dilapidated infrastructure, and limited economic opportunities.<\/p>\n<p style=\"text-align: justify;\">&#8220;This project represents a critical investment in the resilience and prosperity of S\u00e3o Tom\u00e9 and Pr\u00edncipe,&#8221; said Pietro Toigo, African Development Bank Group\u2019s Country Manager for Angola and S\u00e3o Tome\u2019 and Principe. &#8220;By rehabilitating essential port infrastructure, equipping fishers with modern fiberglass vessels, and strengthening the entire fish value chain, the Bank Group is addressing immediate food security needs and building long-term economic resilience in one of Africa&#8217;s nations with the most untapped Blue Economy potential.&#8221;<\/p>\n<p style=\"text-align: justify;\">The project will deliver transformative results across four key areas. Three multipurpose fishing ports \u2013 Neves and Porto Alegre in S\u00e3o Tom\u00e9, and Chimaelo in Pr\u00edncipe \u2014will be completely rehabilitated, and disaster management support will be provided for Port San Antonio Praia. These critical hubs connect fishing communities to markets and support maritime connectivity across the islands. At the same time, 400 climate-resilient fiberglass vessels will replace aging wooden dugout canoes, curbing deforestation, dramatically improving safety, catch efficiency, and income potential for artisanal fishers and value chain actors.<\/p>\n<p style=\"text-align: justify;\">The project will also provide six refurbished cold storage facilities, four refrigerated trucks to reduce currently staggering levels of post-harvest losses, and a link for fresh quality fish products to urban markets.<\/p>\n<p style=\"text-align: justify;\">The intervention is projected to increase fish production from 15,000 tons to 25,000 tons annually while slashing post-harvest losses from 4,800 to 2,500 tons. Individual fisher incomes are expected to rise from \u20ac2,000 to \u20ac2,500 per year, with an internal economic rate of return of 21%.<\/p>\n<p style=\"text-align: justify;\">At least 50% of training programs and cooperative support will target women and youth, with specific provisions for women-led SMEs and cooperatives, and for maritime sports and ecotourism for youth.<\/p>\n<p style=\"text-align: justify;\">&#8220;Women are the backbone of S\u00e3o Tom\u00e9 and Pr\u00edncipe&#8217;s fish value chain, yet they face immense challenges in accessing equipment, finance, and markets,&#8221; said Neeraj Vij, the Bank\u2019s Regional Sector Manager for Southern Africa. &#8220;This project deliberately addresses these barriers, providing women fish traders and processors with infrastructure, training, and pathways to formalize and scale their businesses.&#8221;<\/p>\n<p style=\"text-align: justify;\">The BEFIRM Project aligns perfectly with S\u00e3o Tom\u00e9 and Pr\u00edncipe&#8217;s Vision 2030 and the 2023-2027 National Development Plan, which prioritize blue economy development as a pathway to economic diversification and poverty reduction. The country&#8217;s fish consumption\u2014averaging 30 kg per capita annually \u2014 is among the highest in Central Africa, making this sector critical for nutrition security and export potential.<\/p>\n<p style=\"text-align: justify;\">As a recipient of financing from the Transition Support Facility, S\u00e3o Tom\u00e9 and Pr\u00edncipe exemplifies the challenges facing fragile small island developing states.<\/p>\n<p style=\"text-align: justify;\">The project will be implemented over five years (2026-2030) by the Ministry of Economy and Finance through the Blue Economy Directorate and Satellite Intelligence Unit. A revolving fund mechanism and public-private partnership will ensure long-term sustainability of investments, while comprehensive training programs will build local capacity for infrastructure maintenance and fisheries management.<\/p>\n<p style=\"text-align: justify;\">With S\u00e3o Tom\u00e9 and Pr\u00edncipe&#8217;s Exclusive Economic Zone spanning nearly 165,000 square kilometers of resource-rich ocean, the BEFIRM Project can unlock enormous potential for sustainable blue economy development.<\/p>\n<p>Source : Afdb<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investment to Rehabilitate Critical Fishing Infrastructure, create 30,000 Jobs, and<\/p>\n","protected":false},"author":1,"featured_media":19416,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,1642,442,2839],"tags":[1493,2269,1293,2687,31,32,1388,812],"class_list":["post-19415","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-blue-economy","category-news","category-sao-tome-and-principe","tag-africa-en","tag-african-development-bank-group","tag-blue-economy","tag-daily-news","tag-maritimafrica","tag-maritime","tag-news","tag-sao-tome"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>African Development 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