Cape Verdean parliament approves new Investment Code

26 April 2012

The Cape Verdean parliament Wednesday approved by a majority vote the proposed law for the new Investment Code, which sets out the basis for attracting and facilitating investments in the country, Cape Verdean news agency Inforpress reported.

According to Cape Verde’s Minister for Tourism, Industry and Energy, Humberto Brito, the new investment code is a sign that the government wanted to equip the country with a modern system that ties in with international standards, which ahs the aim of improving how Cape Verde attracts investment.

The proposed law received 37 “yes” votes, 26 of which were from the governing PAICV party and one from the UCID party, and 24 “no” votes from the MpD opposition party. (macauhub)