Cabo Verde Investment Forum has 22 investment projects identified

24 June 2019

The Cabo Verde Investment Forum (CVIF19), which runs from 1 to 3 July on the island of Sal, already has 22 projects that have been identified as meeting the necessary requirements, said the coordinator of the event and chairman of the board of the Cabo Verde Stock Exchange.

Manuel Lima, quoted by the Inforpress news agency, said that the 22 projects mentioned are from the private sector, meet the minimum requirement of 2.5 million euros of investment and were considered important for the forum.

“Despite the minimum of 2.5 million euros, I want to say that we are not excluding other projects, so that during the forum, other financing conditions will be discussed for small and medium-sized enterprises and smaller projects,” said Lima , noting that in addition to purely private projects the forum will also present public-private projects.

Of the 22 projects, the majority come from the island of Sal, with seven, São Vicente presented five, Santiago four, while the islands of Boa Vista, Fogo, Maio and Santo Antão and São Nicolau each presented one a project and there is another one that is national.

Lima said that of these 22 projects submitted that 17 are from the tourism sector and have an estimated total value of 822 million euros, three are from the industrial sector and worth around 9 million euros, one is from the energy sector and costs 20 million euros and another costs around 8.7 million euros.

Under the slogan “Transforming Cabo Verde into a Middle Atlantic Platform Country”, the Cabo Verde Investment Forum (CVIF19) aims, according to the government, to “accelerate investment” in the private and public financial sectors and by private investors in “implementing catalyst projects, leading to sustainable economic growth and job creation in the country.” (Macauhub)