Cabo Verde’s privatisation programme concluded by 2016

30 May 2014

The current programme of privatisations of public companies and services in Cabo Verde (Cape Verde) will be concluded by the end of the current term of Prime Minister José Maria Neves, said Cabo Verde’s Minister for Finance and Planning, Cristina Duarte.

At a parliamentary debate on the second wave of privatisation, requested by government party PAICV, on Tuesday, the minister announced that Cabo Verde’s airline TACV and water and power company Electra would be the main companies that the government would privatise by the end of its current term in 2016.

The list also includes port operations carried out by Enapor, airport operations by ASA, shipyard company Cabnave and the Stock Exchange.

Duarte gave assurances that the privatisations would provide the country with international resources and strategic partners thanks to a process carried out with “transparency, rigour and objectivity,” as well as “strict respect,” for the law, according to pan-African news agency Panapress.

The minister said that, “the ideal moment for privatisation is now, because before this we had to set up conditions to carry out a good privatisation programme in Cabo Verde, which was able to mobilise foreign investors with enough capital and knowledge to ensure the internationalisation of the companies and provide a launch-pad for the Cape Verdean economy.” (macauhub/CV)