Cabo Verde seeks financing for investment fund in Luxembourg

12 February 2016

Cabo Verde (Cape Verde) next week in Luxembourg plans to present Fundo de Investimentos Afro-Verde 1 (African Green Investment Fund 1), a partnership between the government and the private sector to finance projects in the northern part of the archipelago, the Prime Minister announced recently.

Cited by Cape Verdean press, José Maria Neves said the Afro-Verde 1 was the first large fund to finance economic projects in the region, which includes the islands of Santo Antão, São Vicente and São Nicolau.

The Prime Minister also mentioned the possibility in the coming months of creating Fundo de Investimentos Afro-Verde 2 to finance two projects in the south of the archipelago.

The Afro-Verde 1 will be presented during the Cabo Verde-Luxembourg Economic Forum Cape Verde, chaired by Prime Minister José Maria Neves, accompanied by a delegation including the Minister of Tourism, Investment and Business Development, Leonesa Fortes. (macauhub/CV)