Credit line aims to favour mixed Cape Verdean-Portuguese companies

17 January 2011

Praia, Cabo Verde, 17 Jan – A five million-euro credit line with a view to creating Portuguese-Cape Verdean companies has been opened by Cape Verde’s Banco Interatlântico under the terms of a memorandum of understanding signed Saturday.

The memorandum was signed with Portugal’s Sociedade para o Financiamento do Desenvolvimento (Sofid) and state financial group Caixa Geral de Depósitos, which has a 10 percent stake in Sofid.

The credit line is sponsored by the Finance ministries of both Cape Verde and Portugal and, as well as supporting the creation of joint companies, it also aims to support mixed investment projects in Cape Verde. (macauhub)