Angolan companies interested in privatisations in Cabo Verde

6 June 2014

The programme of privatisations underway in Cabo Verde (Cape Verde) is raising interest in Angola, the Prime Minister of Cabo Verde (Cape Verde), José Maria Neves, said Thursday in Luanda in his final statement after a 24-hour visit to Angola.

“The Angolan government is open to supporting the companies that want to invest and take part in this process in Cabo Verde and we are very interested in seeing Angolan companies taking part in the privatisation programme,” said the Cape Verdean Prime Minister.

The privatisations of the main Cape Verdean state companies, which include air transport (TACV), power (Electra) and ports (Enapor), were discussed with Angolan officials along with political and diplomatic agreements.

This visit, according to Neves, was intended to “boost relations,” between the two countries, namely on an economic and business level.

With this in mind, he said, future agreements for investment protection, double taxation and mobility for businesspeople in particular, between Cabo Verde and Angola were analysed.

“There are some agreements that have already been signed but Angola has to adapt some of its legislation to the new Constitution to be able to sign and conclude these agreements with Cabo Verde,” the Prime Minister said, without giving dates for negotiations to be concluded. (macauhub/AO/CV)