In October 2019, conversations began between MCC Capital & Tag Corp., and the Government of San Tomé and Príncipe, in order to study the possibility of obtaining financing for projects in the amount of Two Thousand Nine Hundred Twenty Million US dollars with 00/100 (US $ 2,920,000,000.00).
The possible projects to be financed correspond to the infrastructure area (airport, and deep water port), energy (gas and oil refinery), tourism (hotels, golf courses), livestock (goat milk processing plant for production of powdered milk), for which they have expressed interest in participating in two Strategic Associated Funds of MCC Capital & Tag Corp.
MCC CAPITAL & TAG CORP and THE GOVERNMENT OF SAN TOMÉ AND PRINCIPE ARRIVE AGREEMENTS FOR THE FINANCING OF PROJECTS.
After three months of conversations, MCC Capital & Tag Corp, and the government of San Tomé and Príncipe conclude negotiations and reach financing agreements, which will be signed in a meeting they will hold from February 17 to 21, 2020, in the city of Madrid Spain.
The Financing Agreement for 2,920 million US dollars that will be signed by the Prime Minister of the Democratic Republic of San Tomé and Príncipe, His Excellency Mr. Jorge Lopes Bom Jesús and the Engineer Sergio Barreto Arenas, Vice President of Operations of MCC Capital & Tag Corp. This agreement will contribute to realize projects that will definitely affect positively the economic and social development of that country.