Cabo Verde creates Tourism and Investment Agency

28 January 2016

The government of Cabo Verde (Cape Verde) announced the creation of the Cabo Verde Tourism and Investment Agency designed to provide better conditions to attract more foreign investment, promote domestic investment, and diversify and qualify the tourism sector, which contributes 20 percent to Gross Domestic Product (GDP).

Júlio Morais, former Cabo Verde Ambassador to China, who will chair the Tourism Agency said it would focus efforts and resources on the mobilisation of “adapted and innovative funding mechanisms” for small and medium-sized Cape Verdean companies.

The official promised to “continue to invest in improving the business climate, transforming it into a competitive factor and to create innovative tools and techniques to promote tourism.”

The new Cabo Verde Tourism and Investment Agency will coordinate three regional centres. One in the north, which will be located on S. Vicente island, one on the central island of Sal and another in the southern island of Santiago. (macauhub/CV)