Africa Cape Verde Economy Finance Government Investing

Cabo Verde hosts second Investment Forum in July

The Cabo Verde Investment Forum (CVIF) 2020 will be held from 1 to 3 July on Sal Island, the Deputy Prime Minister and Minister of Finance announced in a public presentation ceremony of this year’s edition of the meeting, the presentation of the results of CVIF 2019 and the Investment Platform.

With this forum, said Olavo Correia, quoted by the Inforpress news agency, the aim is to continue to promote Cabo Verde as a destination for investment.

The Finance minister said that the government takes on the role of facilitator, “which seeks opportunities, creates a legal framework, creates a space for contact between promoters and investors, and managers, so that investment can be achieved.”

Correia, who called on the private sector to take advantage of opportunities, said that as facilitator, the government will continue to do everything in its power to make things happen “more intensely” and to be able to achieve the goal of economic growth of 7.0%.

The coordinator of the Cabo Verde Investment Forum and president of the Cabo Verde Stock Exchange, Manuel Lima, said that the results of the 2019 edition were positive and this year the aim was to continue with the same dynamic, but also to exceed it.

Speaking about the results of the 2019 edition, which also took place on Sal Island, he said that 78 projects had been identified, but only 41 were approved by the Commission to be presented during the forum.

According to the president of Cabo Verde Stock Exchange, the 41 projects submitted were valued at €50.5 million, and the majority were connected to the tourism and transport sector.

Representatives from all continents and of more than 25 nationalities, took part, notably from Cabo Verde, Spain, Portugal, the United States, Luxembourg, France, Senegal, South Africa and Nigeria.

The forum is sponsored by the Prime Minister’s Office and is organised in partnership with the government, the Ministry of Finance, the Stock Exchange, the Windward Chamber of Commerce and the Leeward Chamber of Commerce of Cabo Verde.

Source: Macauhub

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