Cabo Verde seeks investment to attract retired Europeans

16 February 2016

Cabo Verde (Cape Verde) wants to attract European pensioners seeking sunnier climes to spend their retirement, said Prime Minister José Maria Neves, on presenting the Afro-Verde 1 investment fund Monday in Luxembourg.

The fund, which will be headquartered in Luxembourg and has been presented at a meeting held in the Luxembourg Chamber of Commerce, aims to attract an investment of around 100 million euros for six tourism and real estate sector projects in Cabo Verde, two of which are aimed at pensioners.

The Cape Verdean prime minister, cited by weekly newspaper A Semana, said one of the government’s focuses was to diversify demand for tourism, taking advantage of the security and the privileged climate of the country.

Neves recalled that Cabo Verde already annually receives 600,000 tourists, and with these new projects the government hopes to “have tourists of all ages and segments and we can achieve in 2020 or 2021 our goal of 1.2 million people.”

Besides the two hotel projects geared towards the elderly, the investment fund that will be managed by the company Afroverde Capital Partners, established in Cab Verde, wants to raise investment for four hotel projects on the islands of Santo Antão and São Nicolau.

On Tuesday Neves is due to meet with his Luxembourg counterpart, Xavier Bettel, then will travel on to Paris and Lisbon, where he will stay between 17 and 21 February for meetings with the Cape Verdean community and contacts with the various local authorities. (macauhub/CV)