IBOV 176,065 ▲ 0.19% IPSA 10,928 ▲ 0.16% IPC MEX 66,680 ▲ 1.07% MERVAL 3,235,910 ▲ 0.02% COLCAP 2,296.67 ▼ 0.48% BVL PERÚ 56,428.20 ▲ 1.50% USD/BRL5.07▼ 1.22% USD/MXN17.43▼ 0.54% USD/CLP924.13▼ 0.94% USD/COP3,254▼ 0.27% USD/PEN3.39▼ 0.68% USD/ARS1,473▼ 0.67% USD/UYU40.23▲ 0.99% USD/PYG6,039▲ 1.12% USD/BOB10.35▲ 6.04% USD/DOP58.34▲ 0.44% USD/CRC448.93▲ 1.31% USD/GTQ7.62▲ 2.07% USD/HNL26.73▲ 1.38% USD/NIO36.62▲ 0.63% USD/VES722.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.98▲ 0.25% USD/TTD6.75▲ 1.19% EUR/BRL5.80▼ 0.43% BRENT 84.51 ▲ 1.45% WTI 78.97 ▲ 1.06% IRON ORE 161.91 — — COPPER 6.37 ▲ 2.21% GOLD 4,066 ▲ 1.73% SILVER 59.02 ▲ 2.40% SOY 1,192 ▼ 0.83% CORN 460.25 ▲ 5.14% WHEAT 644.50 ▲ 2.79% COFFEE 325.15 ▼ 4.76% SUGAR 14.92 ▲ 1.15% ORANGE JUICE 138.15 ▼ 3.09% COTTON 81.68 ▲ 2.32% COCOA 5,896 ▲ 3.51% BEEF 232.00 ▼ 1.16% CATTLE 349.48 ▼ 1.38% LITHIUM 71.38 ▲ 1.62% PETR4 40.73 ▲ 0.17% VALE3 74.11 ▲ 1.73% ITUB4 43.50 ▼ 0.05% BBDC4 18.57 ▼ 1.07% ABEV3 15.85 ▲ 0.13% BBAS3 20.52 ▲ 1.38% B3SA3 15.33 ▲ 1.39% WEGE3 44.21 ▼ 0.41% PRIO3 57.00 ▼ 0.35% SUZB3 41.25 ▼ 0.58% RENT3 40.39 ▲ 0.47% AZZA3 18.82 ▼ 2.08% CSAN3 3.88 ▼ 0.51% RAIZ4 0.32 ▼ 3.03% PCAR3 2.48 ▼ 4.25% GMAT3 3.96 ▲ 0.51% PSSA3 54.24 ▲ 0.37% CVCB3 1.28 ▲ 2.40% POSI3 3.93 ▼ 1.50% SLCE3 13.72 ▼ 1.08% NATU3 8.51 ▼ 1.05% BRKM5 6.65 ▼ 4.18% RANI3 8.01 ▲ 0.75% CSNA3 5.13 ▼ 2.10% CMIN3 5.20 ▼ 4.59% USIM5 8.30 ▼ 0.95% GGBR4 23.15 ▲ 1.45% ENEV3 26.79 ▼ 0.33% CPFE3 47.23 ▲ 0.83% CMIG4 11.12 ▲ 0.45% EQTL3 40.55 ▲ 0.85% LREN3 14.14 ▼ 0.07% VIVT3 35.42 ▲ 1.99% RAIL3 14.15 ▲ 0.28% KLABIN 17.39 ▼ 0.51% RAIA DROGASIL 18.41 ▲ 1.15% RDOR3 35.56 — 0.00% HAPV3 10.65 ▲ 1.82% FLRY3 16.33 ▲ 1.11% SMTO3 16.16 ▼ 1.28% UGPA3 29.96 ▼ 3.14% VBBR3 32.92 ▲ 0.49% BBSE3 40.18 ▼ 0.25% BPAC11 57.90 ▲ 0.66% CURY3 32.76 ▼ 1.09% AERI3 2.08 — 0.00% VIVARA 23.33 ▲ 0.95% COMPASS 25.13 ▲ 1.45% VAMOS 3.03 ▲ 0.33% SANB11 27.33 ▼ 0.15% ASAI3 8.65 ▼ 0.69% SBSP3 30.34 ▼ 0.10% WALMEX 49.66 ▲ 0.02% GMEXICO 200.17 ▲ 2.34% FEMSA 233.53 ▲ 3.63% CEMEX 22.19 ▲ 1.88% GFNORTE 187.00 ▲ 2.71% BIMBO 56.50 ▲ 1.13% TELEVISA 9.52 ▼ 0.94% AMX 22.88 ▲ 1.28% GAP 387.30 ▼ 5.12% ASUR 277.84 ▼ 0.30% OMA 233.89 ▲ 0.24% KOF 182.23 ▲ 0.54% GRUMA 282.62 ▲ 0.44% KIMBER 38.40 ▲ 0.47% SQM-B 67,642 ▲ 0.64% COPEC 6,064 ▲ 0.12% BSANTANDER 78.74 ▲ 0.69% FALABELLA 5,915 ▲ 0.17% ENELAM 85.44 ▲ 1.47% CENCOSUD 2,055 ▲ 0.74% CMPC 1,078 — 0.00% BANCO CHILE 188.47 ▲ 1.88% LATAM AIR 24.75 ▼ 0.60% YPF 77,300 ▲ 0.16% GGAL 8,025 ▼ 0.68% PAMPA 5,200 ▼ 0.48% TXAR 663.00 ▼ 0.23% ALUAR 960.00 ▼ 0.47% TGS 9,710 ▲ 1.46% CEPU 2,311 ▼ 0.35% MIRGOR 16,800 ▼ 1.18% COME 45.23 ▲ 1.00% LOMA NEGRA 3,568 ▲ 2.00% BYMA 304.50 ▼ 1.22% TELECOM ARG 4,275 ▲ 0.59% ECOPETROL 16.01 ▲ 0.82% BANCOLOMBIA 81.60 ▲ 1.47% GRUPO AVAL 4.90 ▼ 0.20% CREDICORP 390.59 ▲ 0.35% SOUTHERN COPPER 179.65 ▲ 2.93% BUENAVENTURA 30.69 ▲ 2.90% MERCADOLIBRE 1,875 ▲ 0.40% NUBANK 14.01 ▲ 2.45% XP 16.79 ▲ 2.54% PAGSEGURO 9.24 ▼ 0.43% STONE 11.23 ▲ 0.72% GLOBANT 31.73 ▼ 1.23% TECNOGLASS 43.25 ▲ 0.96% GAP AIRPORT 222.10 ▼ 4.58% ASUR 277.84 ▼ 0.30% OMA AIRPORT 107.37 ▲ 1.17% AMX ADR 26.17 ▲ 0.54% FEMSA ADR 134.10 ▲ 3.95% CEMEX ADR 12.74 ▲ 2.33% PETROBRAS ADR 17.94 ▲ 0.32% VALE ADR 14.56 ▲ 2.68% ITAU ADR 8.56 ▲ 1.00% SANTANDER BR 5.41 ▲ 1.12% AMBEV ADR 3.10 ▲ 1.31% CSN 1.02 ▼ 0.97% GERDAU 4.58 ▲ 2.00% LATAM ADR 53.74 ▲ 0.78% BTC 64,422 ▲ 3.51% ETH 1,863 ▲ 5.07% SOL 76.89 ▲ 2.71% XRP 1.10 ▲ 3.15% BNB 579.24 ▲ 2.22% ADA 0.16 ▲ 4.18% DOGE 0.07 ▲ 3.17% AVAX 6.63 ▲ 2.88% LINK 8.22 ▲ 4.40% DOT 0.85 ▲ 1.61% LTC 44.38 ▲ 2.05% BCH 236.75 ▲ 0.22% TRX 0.33 ▲ 0.33% XLM 0.18 ▲ 1.73% HBAR 0.07 ▲ 0.26% NEAR 2.03 ▲ 5.91% ATOM 1.55 ▲ 1.24% AAVE 99.29 ▲ 5.22% SELIC 14.25% EMBRAER 82.92 ▼ 0.11% EMBRAER ADR 65.40 ▲ 1.43% JBS 11.83 ▲ 0.25% JBS BDR 59.89 ▼ 1.19% MBRF3 16.10 ▲ 2.42% MBRFY 3.10 ▲ 1.64% INTER 5.68 ▲ 0.44% IBOV 176,065 ▲ 0.19% IPSA 10,928 ▲ 0.16% IPC MEX 66,680 ▲ 1.07% MERVAL 3,235,910 ▲ 0.02% COLCAP 2,296.67 ▼ 0.48% BVL PERÚ 56,428.20 ▲ 1.50% USD/BRL 5.08 ▼ 1.20% USD/MXN 17.43 ▼ 0.54% USD/CLP 924.13 ▼ 0.94% USD/COP 3,254 ▼ 0.27% USD/PEN 3.39 ▼ 0.68% USD/ARS 1,473 ▼ 0.67% USD/UYU 40.23 ▲ 0.99% USD/PYG 6,039 ▲ 1.12% USD/BOB 10.35 ▲ 6.04% USD/DOP 58.34 ▲ 0.44% USD/CRC 448.93 ▲ 1.31% USD/GTQ 7.62 ▲ 2.07% USD/HNL 26.73 ▲ 1.38% USD/NIO 36.62 ▲ 0.63% USD/VES 722.19 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.98 ▲ 0.25% USD/TTD 6.75 ▲ 1.19% EUR/BRL 5.80 ▼ 0.43% BRENT 84.51 ▲ 1.45% WTI 78.97 ▲ 1.06% IRON ORE 161.91 — — COPPER 6.37 ▲ 2.21% GOLD 4,066 ▲ 1.73% SILVER 59.02 ▲ 2.40% SOY 1,192 ▼ 0.83% CORN 460.25 ▲ 5.14% WHEAT 644.50 ▲ 2.79% COFFEE 325.15 ▼ 4.76% SUGAR 14.92 ▲ 1.15% ORANGE JUICE 138.15 ▼ 3.09% COTTON 81.68 ▲ 2.32% COCOA 5,896 ▲ 3.51% BEEF 232.00 ▼ 1.16% CATTLE 349.48 ▼ 1.38% LITHIUM 71.38 ▲ 1.62% PETR4 40.73 ▲ 0.17% VALE3 74.11 ▲ 1.73% ITUB4 43.50 ▼ 0.05% BBDC4 18.57 ▼ 1.07% ABEV3 15.85 ▲ 0.13% BBAS3 20.52 ▲ 1.38% B3SA3 15.33 ▲ 1.39% WEGE3 44.21 ▼ 0.41% PRIO3 57.00 ▼ 0.35% SUZB3 41.25 ▼ 0.58% RENT3 40.39 ▲ 0.47% AZZA3 18.82 ▼ 2.08% CSAN3 3.88 ▼ 0.51% RAIZ4 0.32 ▼ 3.03% PCAR3 2.48 ▼ 4.25% GMAT3 3.96 ▲ 0.51% PSSA3 54.24 ▲ 0.37% CVCB3 1.28 ▲ 2.40% POSI3 3.93 ▼ 1.50% SLCE3 13.72 ▼ 1.08% NATU3 8.51 ▼ 1.05% BRKM5 6.65 ▼ 4.18% RANI3 8.01 ▲ 0.75% CSNA3 5.13 ▼ 2.10% CMIN3 5.20 ▼ 4.59% USIM5 8.30 ▼ 0.95% GGBR4 23.15 ▲ 1.45% ENEV3 26.79 ▼ 0.33% CPFE3 47.23 ▲ 0.83% CMIG4 11.12 ▲ 0.45% EQTL3 40.55 ▲ 0.85% LREN3 14.14 ▼ 0.07% VIVT3 35.42 ▲ 1.99% RAIL3 14.15 ▲ 0.28% KLABIN 17.39 ▼ 0.51% RAIA DROGASIL 18.41 ▲ 1.15% RDOR3 35.56 — 0.00% HAPV3 10.65 ▲ 1.82% FLRY3 16.33 ▲ 1.11% SMTO3 16.16 ▼ 1.28% UGPA3 29.96 ▼ 3.14% VBBR3 32.92 ▲ 0.49% BBSE3 40.18 ▼ 0.25% BPAC11 57.90 ▲ 0.66% CURY3 32.76 ▼ 1.09% AERI3 2.08 — 0.00% VIVARA 23.33 ▲ 0.95% COMPASS 25.13 ▲ 1.45% VAMOS 3.03 ▲ 0.33% SANB11 27.33 ▼ 0.15% ASAI3 8.65 ▼ 0.69% SBSP3 30.34 ▼ 0.10% WALMEX 49.66 ▲ 0.02% GMEXICO 200.17 ▲ 2.34% FEMSA 233.53 ▲ 3.63% CEMEX 22.19 ▲ 1.88% GFNORTE 187.00 ▲ 2.71% BIMBO 56.50 ▲ 1.13% TELEVISA 9.52 ▼ 0.94% AMX 22.88 ▲ 1.28% GAP 387.30 ▼ 5.12% ASUR 277.84 ▼ 0.30% OMA 233.89 ▲ 0.24% KOF 182.23 ▲ 0.54% GRUMA 282.62 ▲ 0.44% KIMBER 38.40 ▲ 0.47% SQM-B 67,642 ▲ 0.64% COPEC 6,064 ▲ 0.12% BSANTANDER 78.74 ▲ 0.69% FALABELLA 5,915 ▲ 0.17% ENELAM 85.44 ▲ 1.47% CENCOSUD 2,055 ▲ 0.74% CMPC 1,078 — 0.00% BANCO CHILE 188.47 ▲ 1.88% LATAM AIR 24.75 ▼ 0.60% YPF 77,300 ▲ 0.16% GGAL 8,025 ▼ 0.68% PAMPA 5,200 ▼ 0.48% TXAR 663.00 ▼ 0.23% ALUAR 960.00 ▼ 0.47% TGS 9,710 ▲ 1.46% CEPU 2,311 ▼ 0.35% MIRGOR 16,800 ▼ 1.18% COME 45.23 ▲ 1.00% LOMA NEGRA 3,568 ▲ 2.00% BYMA 304.50 ▼ 1.22% TELECOM ARG 4,275 ▲ 0.59% ECOPETROL 16.01 ▲ 0.82% BANCOLOMBIA 81.60 ▲ 1.47% GRUPO AVAL 4.90 ▼ 0.20% CREDICORP 390.59 ▲ 0.35% SOUTHERN COPPER 179.65 ▲ 2.93% BUENAVENTURA 30.69 ▲ 2.90% MERCADOLIBRE 1,875 ▲ 0.40% NUBANK 14.01 ▲ 2.45% XP 16.79 ▲ 2.54% PAGSEGURO 9.24 ▼ 0.43% STONE 11.23 ▲ 0.72% GLOBANT 31.73 ▼ 1.23% TECNOGLASS 43.25 ▲ 0.96% GAP AIRPORT 222.10 ▼ 4.58% ASUR 277.84 ▼ 0.30% OMA AIRPORT 107.37 ▲ 1.17% AMX ADR 26.17 ▲ 0.54% FEMSA ADR 134.10 ▲ 3.95% CEMEX ADR 12.74 ▲ 2.33% PETROBRAS ADR 17.94 ▲ 0.32% VALE ADR 14.56 ▲ 2.68% ITAU ADR 8.56 ▲ 1.00% SANTANDER BR 5.41 ▲ 1.12% AMBEV ADR 3.10 ▲ 1.31% CSN 1.02 ▼ 0.97% GERDAU 4.58 ▲ 2.00% LATAM ADR 53.74 ▲ 0.78% BTC 64,422 ▲ 3.51% ETH 1,863 ▲ 5.07% SOL 76.89 ▲ 2.71% XRP 1.10 ▲ 3.15% BNB 579.24 ▲ 2.22% ADA 0.16 ▲ 4.18% DOGE 0.07 ▲ 3.17% AVAX 6.63 ▲ 2.88% LINK 8.22 ▲ 4.40% DOT 0.85 ▲ 1.61% LTC 44.38 ▲ 2.05% BCH 236.75 ▲ 0.22% TRX 0.33 ▲ 0.33% XLM 0.18 ▲ 1.73% HBAR 0.07 ▲ 0.26% NEAR 2.03 ▲ 5.91% ATOM 1.55 ▲ 1.24% AAVE 99.29 ▲ 5.22% SELIC 14.25% EMBRAER 82.92 ▼ 0.11% EMBRAER ADR 65.40 ▲ 1.43% JBS 11.83 ▲ 0.25% JBS BDR 59.89 ▼ 1.19% MBRF3 16.10 ▲ 2.42% MBRFY 3.10 ▲ 1.64% INTER 5.68 ▲ 0.44%
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Lusophone World Central Africa

Infrastructure Minister of São Tomé Resigns Amid Controversy

By · January 2, 2024 · 2 min read

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Adelino Cardoso, the Infrastructure Minister of São Tomé and Príncipe, resigned on January 2, 2024, amid controversies surrounding public enterprise concessions.

This development followed a dispute involving the President’s alleged involvement and opposition from Enaport’s employees.

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Cardoso stated that his immediate resignation was a step towards addressing these issues and restoring order.

The contention centered around a public-private partnership with Africa Global Logistics (AGL) for managing Enaport’s operations.

While Cardoso expressed his commitment to governmental goals and accepted responsibility for his actions, Enaport employees raised concerns over the agreement.

They questioned the contract’s terms, which granted AGL exclusive operational rights and involved using Enaport’s workforce under AGL’s management.

The deal also entailed AGL paying significant monthly royalties to Enaport.

Infrastructure Minister of São Tomé Resigns Amid Controversy. (Photo Internet reproduction)
Infrastructure Minister of São Tomé Resigns Amid Controversy. (Photo Internet reproduction)
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The President’s Office, led by Carlos Vila Nova, denied involvement in this agreement despite references to the President in the contract.

The President’s request for a contract review indicates attention to governance transparency.

Additionally, the government’s decision to reassess the contract suggests a response to public and employee concerns, aiming to ensure the agreement aligns with national interests and legal standards.

In summary, Cardoso’s resignation amidst this dispute highlights a complex situation involving various stakeholders, including the government, public sector employees, and a private company.

It underscores the importance of transparent and inclusive decision-making processes in public sector agreements.

The government’s reassessment of the contract reflects an effort to balance diverse interests and maintain ethical governance.

Background

Cardoso’s resignation underscores a global shift towards greater governmental transparency and accountability.

This trend, particularly notable in developing countries, scrutinizes public-private partnerships for ethical governance.

São Tomé and Príncipe’s scenario mirrors similar challenges in African nations, balancing development with ethical practices.

In contrast, developed countries often have more robust oversight mechanisms, setting benchmarks for nations like São Tomé.

It stresses the importance of safeguarding sovereignty and public interest in international business dealings, highlighting the critical role of public participation in policy-making.

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