PM of Cabo Verde launches investment fund in Europe

15 February 2016

The Prime Minister of Cabo Verde (Cape Verde) is making a tour of three European countries, Luxembourg, France and Portugal, which aims to launch the Afro-Verde investment fund, the archipelago’s press reported.

The venture capital fund, which aims to mobilise about 100 million euros for investment in tourism and real estate in Cabo Verde, is due to be launched Monday, at the premises of the Luxembourg Chamber of Commerce.

The fund is domiciled in the financial centre of Luxembourg, according to a statement from the Windward Chamber of Commerce, one of the promoters and facilitators who tok part in the process of structuring and incorporation of the company that will manage the Fund, “Afroverde Capital Partners.”

In Paris, the Cape Verdean Prime Minister will liaise with the heads of the Organization for Economic Cooperation and Development (OECD) and in Lisbon, from 17 to 21 February will meet with various authorities and the Cape Verdean community.

This should be one of the last visits abroad by José Maria Neves as prime minister of Cabo Verde, as there will be parliamentary elections on 20 March next year and Neves is not a candidate, though he will remains in office until the end of his term. (macauhub/CN/PT)