Cabo Verde government wants to attract investments from Angola’s Sovereign Fund

19 February 2014

Cabo Verde is interested in receiving investments from Angola’s Sovereign fund, Cabo Verde’s Finance Minister, Cristina Duarte said Tuesday in Luanda at the end of a meeting with the fund’s president, José Filomeno dos Santos.

Duarte, who Monday began a three-day working visit to Angola, said that Angolan private capital was amongst Cabo Verde’s preferred sources of investment in the port, air, hotel, tourist, energy, information technology and communication sectors.

“I had the opportunity to tell the president of the Fund that in the last few years Cabo Verde had conducted huge infrastructure programmes in all sectors, and so Angolan capital, particularly from the Angolan Sovereign Fund, could consider Cabo Verde as a country with infrastructure,” noted the minister, according to Angolan news agency Angop.

Angola’s Sovereign Fund, which was launched with initial capital of US$5 billion, was set up in October 2012 to invest oil revenues in infrastructure and other projects for Angolan economic diversification within the country and abroad.

Before leaving Angola the Cape Verdean minister is due to meet with the president of the Capital Markets Commission in Angola, Archer Mangueira and will visit the Luanda/Bengo Special Economic Zone. (macauhub)