Cape Verde’s first International Agribusiness Fair to be held this month

4 July 2013

Cape Verde will hold its first International Agribusiness Fair this coming 26-28 July, with more than 30 companies from Portugal, Brazil and Spain (Canary Islands) participating along with national firms, the Minister for Rural Development said on Tuesday in Praia.

Eva Ortet spoke of the need to introduce a business outlook in the agriculture sector, adding that the fair is a further step in agribusiness development, given that the construction of several dams and consequent retention of water resources will increase agricultural production.

“The country has invested a great deal enhance water availability, leading to increased production and productivity. That’s why we need to see companies emerge in the sector, since producers now have the capability and structure to take that step,” she said.

Ortet said that the fair, besides exhibiting national products, also aimed to showcase foreign innovations, machines and equipment not yet present in the Cape Verdean market. There is also room for the launch of financial products, specifically credit for producers.

Carlos Vicente of the Cape Verde International Fair (FIC) said that about 30 companies have registered so far and that there was space for 80. After this first-time event the initiative should become one of the annual fairs held in the country, he added. (macauhub)