Government says that business climate in Cabo Verde has improved

25 February 2014

Reforms introduced by the Cabo Verde (Cape Verde) government to improve the business climate have had “good results” according to a report from the coordinating council for the programme cited by Pan-African news agency Panapress.

“Changing to compete” is the name of the programme which, since it was announced by the country’s prime minister, José Maria Neves, in October 2011, has had “enormous impact” and “clearly improved the country’s competitiveness indicators.”

The programme is intended to “eliminate bureaucracy and to make Public Administration simpler and more effective,” and its results can be seen by the fact that Cabo Verde rose from 147th place in 2009 to 121st place in 2013 in the “Doing Business” ranking, “mainly in the last three years of execution of the programme,” said the Cape Verdean prime minister.

The “Single Investment Window,” a review of the Investments Code and its regulation, restructuring of the Internationalisation Fund, as well as the tax Benefits Code and the International Business Centre are some of the measures noted in the report. (macauhub)