Cabo Verde Government approves investment fund for social projects

25 February 2019

The investment fund to fund social projects in Cabo Verde will be registered on the country’s Stock Exchange and will have to comply with the rules in force, said the spokesman of the Council of Ministers, Fernando Elísio Freire.

 

The spokesman, announcing the approval of the decree-law to create the fund, said it follows the project establishing the legal regime for social entrepreneurship investment organisations.

 

“The government wants (…) to create instruments that make it possible to finance social projects through innovative solutions, as well as a social paradigm shift,” said the minister, quoted by the Inforpress news agency.

 

Freire explained that these bodies or institutions are intended above all to encourage the creation of a “financial vehicle” that allows investors to provide funding to social companies or funds to make the investments. (macauhub)

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