Cabo Verde Government wants to raise 500 million euros in financing

21 March 2019

The Cape Verdean government intends to raise a minimum of 500 million euros with the first edition of the Cabo Verde Investment Forum (CVIF) next July on the island of Sal, the deputy prime minister and minister of Finance said on Wednesday in Praia.

Olavo Correia, who spoke in the capital during the presentation of the event, said that entrepreneurs have to prepare, “as an idea is not a project, and the project has to meet the necessary conditions so that it can compete for funding,” according to Radio Morabeza.

“The projects have to be well put together, they have to have a good capital structure, they have to have a market, and the respective promoters need a record of success,” the minister said.

The main aim of the investment forum is to form partnerships, particularly in the private sector, as well as to make and close deals, as well as to raise resources.

The CVIF organisation is managed by an executive committee, led by the National Planning Department, the Ministry of Finance and the Cabo Verde Stock Exchange, with the involvement of other organizations. (Macauhub)