Cabo Verdean gov’t announces plan for privatisations and concessions

7 August 2017

The government of Cabo Verde plans to earn 90 million euros from the restructuring, privatisation or concession of 23 public enterprises by 2021, among them the airline TACV, reports the Cabo Verdean newspaper A Semana.

The forecasted income is part of the agenda for privatisations, concessions and public-private partnerships whose resolution was published in the official gazette and took force last Friday.

The most urgent case concerns TAGV Cabo Verde Airlines, which has accumulated liabilities of nearly 100 million euros, representing a monthly burden of almost a million euros.

The Cabo Verdean government also plans to sell or award in concession various companies linked to the sectors of water and energy (Electra), telecommunications (NOSi and CV Telecom), ports (Enapor), airports (ASA), production and marketing of medicines (Emprofac), real estate (IFH), shipyards (Cabnave), postal service, Hotel and Tourism School and insurance (Promotora). (Macauhub)