Chinese banks analyse opportunities in Cabo Verde

26 August 2016

Chinese banks are studying the opportunities available to them in Cabo Verde (Cape Verde), said the Ambassador of Cabo Verde in China adding that contacts underway are still at a “very embryonic” stage.

Ambassador Tania Romualdo said in an interview in the latest Macau Forum newsletter that in addition to banking, Cabo Verde offers potential investors from China opportunities in tourism and the maritime economy, which are “privileged sectors and have enormous potential and interest for the country.”

Romualdo also mentioned renewable energy, information and communication technologies and the provision of financial services as attractive areas for those who want to invest in the archipelago.

Cabo Verde, an island state, according to the ambassador, has comparative advantages such as political, social and economic stability coupled with an acceptable climate of legal and institutional safety.

The ambassador said these advantages had been presented to potential Chinese investors considering that Cabo Verde “is a good platform for other regional markets.”

The diplomat also mentioned 5th Ministerial Conference of Forum Macau, due to be held in the first half of October, saying it is of “importance not only to Cabo Verde but also for the other member states of the Forum.”

Romualdo also said that at the next Forum summit Cabo Verde would call for the adoption of measures “aimed at giving greater dynamism and efficiency to this important instrument of cooperation, which has produced positive results in areas such as the economy and trade, culture and training, among others.”

The ambassador also referred to the opening in December 2015, of a delegation at the Confucius Institute in Praia, noting it “will help support and promote Chinese language teaching in Cabo Verde, as well as improve mutual understanding through an extensive programme of activities and linguistic and cultural exchanges.”(macauhub/CN/CV)