Cabo Verde

Cape Verdean Government revises Tax Benefit Code

5 December 2019

The Cape Verdean government will revise the Tax Benefits Code and a bill is due to be considered in parliament this month, Deputy Prime Minister and Finance Minister Olavo Correia said on Wednesday in Praia.

Portuguese government sets price of shares to be sold in Cabo Verde bank

5 December 2019

The price of the shares and the selection of those interested in the sale of Caixa Geral de Depósitos' stakes in Cabo Verde's Banco Comercial do Atlântico will be set by the Portuguese Secretary of State for Finance, on behalf of the Minister of Finance, according to a statement released in Lisbon.

Cabo Verde diaspora expected to buy reserved portion of Cabo Verde Airlines

4 December 2019

The sale of a 7.465% stake in Cabo Verde Airlines' share capital to emigrated Cape Verdean citizens will be fully subscribed, predicted the president of the Cabo Verde Stock Exchange, Manuel Lima.

Cape Verde identifies seven projects to compete for the 1st National Blue Economy Investment Plan

4 December 2019

A group of seven projects have already been identified to take part in or compete for the First National Blue Economy Investment Plan (PNIEA I) in Cabo Verde, including projects for coastal renewal and aquaculture, announced the national coordinator of the Blue Economy Programme.

Cabo Verde/China cooperation extends Safe City project to São Vicente, Sal and Boa Vista islands

3 December 2019

The second phase of the “Safe City” project in Cabo Verde will include, in 2020, the islands of São Vicente, Sal and Boa Vista, in addition to reinforcing its presence in Praia, in a government effort to fight crime and promote public safety, the Minister of Internal Affairs said on Monday in the country's capital.

Cabo Verde receives more than 595,000 tourists from January to September 2019

3 December 2019

Cabo Verde's hotel establishments received more than 595,000 guests from January to September, resulting in over 3.7 million overnight stays, with year-on-year growth of 7.5% and 3.9%, respectively, the archipelago's National Statistics Institute (INE) said.

World Bank supports the Cape Verdean government to privatise electricity and eater company

3 December 2019

The World Bank will provide technical assistance from this month onward to the Cape Verdean government with a view to the privatisation of state power and water company Electra, announced the Minister of Industry, Trade and Energy in statements made on Monday in Praia.

Cabo Verde proposes that official documents be reciprocally recognised in Portuguese-speaking countries

26 November 2019

The Prime Minister of Cabo Verde proposed that documents issued by a Member State of the Community of Portuguese-Speaking Countries (CPLP) no longer need legalisation for presentation in another Member State, as he addressed the opening of the 16th Conference of Ministers of Justice of the Portuguese-Speaking Countries.

Cape Verdean government sells state position in national fuel company Enacol

21 November 2019

The Cape Verdean government will sell its 2.1% stake in national fuel company Enacol through a public offer through the Cabo Verde Stock Exchange, according to a statement issued in Praia.

Chief Executive of Macau presents a review of government activity

13 November 2019

The Chief Executive of Macau said that 2019 marks the end of a ten-year governance phase for himself and his team, on Tuesday when he presented a review of government action for 2019 to the Legislative Assembly.

23rd edition of Cabo Verde International Fair starts in Mindelo

13 November 2019

The 23rd edition of the Cabo Verde International Fair (FIC) is due to be inaugurated on Wednesday in the city of Mindelo, on the island of São Vicente, by Prime Minister Ulisses Correia e Silva, and will take place over four days under the slogan “Cabo Verde, an economy in the Mid Atlantic.”

Privatisation of Cabo Verde Airlines due to be completed on 31 December, 2019

12 November 2019

The sale of Cabo Verde Airlines (TACV) shares is proceeding “as normal” and will be concluded on 31 December, 2019, the Cape Verdean Government said in a statement issued on Monday in Praia.

Cape Verdean Parliament debates creation of Public Finance Council

12 November 2019

Cabo Verde's public accounts, budget execution and public debt developments will now be evaluated by a Public Finance Council, according to a bill that is being discussed this week in the country's parliament.

BNU (Macau) contributes 50.8 million euros to consolidated net income of Portugal’s CGD

11 November 2019

Banco Nacional Ultramarino (Macau) contributed 50.8 million euros to the consolidated net profit of 508.4 million euros of Portuguese state group Caixa Geral de Depósitos (CGD) in the first nine months of the year, the group said.

Macau and Shanghai have “great complementarity” in relations with Portuguese-speaking countries

7 November 2019

Shanghai City's trade with Portuguese-speaking countries reached US$10 billion in 2018, said the president of the Macau Institute for Trade and Investment Promotion (IPIM), according to whom that city and Macau show have “great complementarity” in this cooperation.

Macau attends 2nd edition of China International Import Exhibition

5 November 2019

A delegation of over 100 businesspeople from Macau has travelled to Shanghai to attend the 2nd edition of the China International Import Exhibition, which will take place from 4 to 7 November, said the Macau Trade and Investment Promotion Institute (IPIM).

Blue partnership between China and Portuguese-speaking countries debated in Beijing

1 November 2019

A blue partnership between China and the Portuguese-speaking countries was under discussion on Thursday at the University of Economics and International Business (UIBE) in Beijing, in a meeting that brought together about 200 people, including experts, academics, diplomats and businesspeople.

Cape Verdean government prepares roll-on/roll-off shipping concession

31 October 2019

The Cape Verdean government intends to stimulate domestic tourism with an efficient maritime transport concession, based on the roll-on/roll-off system, which will allow all the islands to be connected, the minister for Tourism and Transport said in Praia on Wednesday.

Trade between China and Portuguese-speaking countries exceeds US$96 billion from January to August

30 October 2019

The value of trade between China and the Portuguese-speaking countries grew by 2.31% year-on-year to US$96.984 billion between January and August 2019, according to official Chinese figures released by Forum Macau.

China Development Bank interested in financing projects in Cabo Verde

24 October 2019

The China Development Bank (CDB) is interested in financing projects in Cabo Verde, Cabo Verde's Minister of Trade and Industry, Alexandre Monteiro, told Macauhub.

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