Macau businessman puts in request to set up bank in Cabo Verde

21 February 2018

Macau businessman David Chow announced in Praia that he submitted an application to the Cape Verdean central bank for authorisation to create a bank in Cabo Verde (Cape Verde).

The businessman, who heads the Legend Globe Investment Company group, signed a memorandum of understanding with the Cape Verdean government in June 2017 to create a credit institution called Banco Sino-Atlântico.

Chow travelled to Praia, the capital of Cabo Verde, to lay the first stone of the bridge to connects Gamboa beach to the Santa Maria islet, where he is building a tourist complex with a casino costing 250 million euros.

On the occasion, Deputy Prime Minister and Finance Minister Olavo Correia invited Chow to invest in tourism, industry, the financial sector, air and sea transport and all activities that could generate value for the country.

Designed to occupy an area of approximately 163,000 square metres, the tourist complex on Santa Maria will have a resort, an international convention centre, a cultural centre, a boutique hotel and green spaces.  (macauhub)