Cape Verde receives US$1.8 million to improve business conditions

6 August 2009

Praia, Cape Verde, 6 Aug – The government of Cape Verde recently signed a funding agreement with the Investment Climate Facility for Africa (ICF) for US$1.8 million, Cape Verdean news agency Inforpress has reported.

The amount is to be used for projects aimed at improving business conditions in Cape Verde and making conditions more favourable to operators, according to information from a source from the State Reform Coordination Unit (UCRE).

The signing of the agreement falls within the framework of new economic and social development challenges and under the scope of State reform projects aimed at making the country more competitive.

The ICF was created with the aim of breaking down real and perceived barriers to doing business in Africa, through a unique and unprecedented partnership between private companies, development partners and governments. (macauhub)