Africa Cape Verde Economy FDI Finance Health Telecom Tourism Transport

Cabo Verde 2019 Investment Forum raises €1.5B in investment

The 2019 Cabo Verde Investment Forum was a “success” and it raised 1.5 billion euros for investments in the country, the deputy prime minister and finance minister said on Thursday in Santa Maria, Sal island.

Olavo Correia, taking stock of the three days of the forum, said that the amount raised for investments in the health, tourism, maritime and air transport, telecommunications and vocational training sectors, “is a significant value.”

The deputy prime minister, quoted by the Inforpress news agency, said that this forum had shown that there is “great confidence in the Cape Verdean economy,” noting that contracts have been signed with investors from several countries and that all the country’s islands will see investments.

“Cabo Verde is neither poor nor small, Cabo Verde is a great country, with great ambition, there are many people who believe in our country and we have to create the conditions to execute projects that are structural for our economy,” the minister said.

In his opinion, the three days of work of the forum were “interesting” and saw an “extraordinary result” and he pledged that there will be a follow-up so that the signed agreements, protocols and memoranda of understanding can be fulfilled.

The minister gave assurances that the country will have a second edition of this forum in 2020, which he hopes will be “even better,” since the current organising team will have “more experience.”

Source: Macauhub

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