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Cabo Verde

Cabo Verde charges a fee of US$35 on foreign travellers

16 August 2018
Passengers disembarking at airports and airfields in Cabo Verde from January 2019 on both domestic and international flights will have to pay an Airport Security Fee (TSA), according to a diploma published in the country's Official Gazette.

Cabo Verde Tradelnvest and Macao BringBuys Web Technology discuss a project in the archipelago

14 August 2018
Cabo Verde Tradelnvest and Macao BringBuys Web Technology have met in China to discuss the creation of a technology hub in Cabo Verde (Cape Verde), which includes a cloud computing centre, an offshore data centre, training institutes and company incubators, Ana Lima Barber, president of the Cape Verdean agency, told newspaper Tribuna de Macau.

China-Africa Forum to deepen cooperation between Cabo Verde and China

14 August 2018
The government of Cabo Verde (Cape Verde) hopes that the September ministerial conference in Beijing will increasingly intensify cooperation between Cabo Verde and China, especially with the creation of the Special Economic Maritime Zone in São Vicente, the Deputy Prime Minister and Minister of Finance Olavo Correia said on Monday.

Cabo Verde receives 383,000 tourists from January to June 2018

14 August 2018
Cabo Verde's (Cape Verde's) hotel establishments received 383,500 guests from January to June 2018, with more than 2.2 million overnight stays, an increase of 10% over those booked in the same period of 2017, according to the National Statistics Institute.

Cabo Verde plans to hire consultant for São Vicente cruise terminal

9 August 2018
Cabo Verde's (Cape Verde's) National Port Administration (Enapor) has launched a public tender to hire a consultancy and technical assistance services for project management and inspection of the construction and maintenance works of the São Vicente cruise terminal, the company said.

Maritime safety institute to be set up in Cabo Verde

8 August 2018
The government of Cabo Verde (Cape Verde) will "soon" create an institute whose mission will be to investigate incidents and accidents related to the sea and air and will be based in São Vicente, the Minister of Maritime Economy, Jose Gonçalves said in Leielo on Tuesday.

Public tender for inter-island transportation to proceed in Cabo Verde

7 August 2018
The international public tender for the concession of maritime inter-island transportation in Cabo Verde will go ahead, Tourism and Transportation Minister José Gonçalves guaranteed on Monday in Mindelo, adding that the government would not wait for the decision regarding a possible injunction.

Cabo Verde obtains a loan to develop private sector

7 August 2018
The African Development Bank (AfDB) has granted a 40-million-euro loan to Cabo Verde for the private sector competitiveness programme and local economic development, with half to be made available this year and the other half in 2019, the Cabo Verdean government has announced.

Government of Cabo Verde concentrates regulation in multisector agency

6 August 2018
The government of Cabo Verde (Cape Verde) has created the Multisector Regulatory Agency of the Economy, a measure that is part of a package of economic and institutional reforms for the regulation sector, through a decree-law approved on Thursday in Praia at a meeting of the Council of Ministers, according to official information.

Cabo Verde’s economy grows 3.4% in the first quarter of 2018 and 4.0% in 2017

2 August 2018
Cabo Verde's (Cape Verde's) economy registered real growth of 3.4% in the first quarter of 2018, or an increase of 20 basis points compared to the same quarter of 2017 and a decrease of 80 basis points over the previous quarter, according to official information.

Angola’s General Tax Administration guarantees introduction of VAT in 2019

1 August 2018
Value Added Tax (IVA) will replace the Consumer Tax in Angola in 2019, the coordinator of the Technical Group for the Implementation of IVA, Adilson Sequeira, said according to a report published on the website of the Angolan Ministry of Finance.

Cabo Verde Airlines will be privatised by direct sale

1 August 2018
The privatisation of Cabo Verde Airlines will be carried out through the direct sale of all the shares representing the carrier's capital stock, and three lots of shares will be reserved for specific recipients, according to an official statement released on Tuesday in Praia.

China’s cooperation with Portuguese-speaking countries important in Chinese foreign relations

31 July 2018
Cooperation between China and Portuguese-speaking countries is an integral and important part of China's foreign relations, said the Commissioner of the Chinese Foreign Ministry in Macau on a visit to Forum Macau.

CGD puts one of the two banks it controls in Cabo Verde up for sale

30 July 2018
Portuguese state-owned bank Caixa Geral de Depósitos (CGD) will sell one of its two banks in Cabo Verde (Cape Verde), and it has yet to decide whether it will be Banco Comercial do Atlântico or Banco Interatlântico, the chairman of the bank said on Friday in Lisbon.

Icelandair proposes to buy 51% of Cabo Verde Airlines

30 July 2018
Icelandair has presented a proposal for the purchase of 51% of the Cape Verdean flagship air carrier, announced Cabo Verde's Prime Minister Ulisses Correia e Silva, who gave assurances that Cabo Verde Airlines (TACV) will be privatised as planned.

Portugal’s state-owned CGD bank to reduce presence in Mozambique and Cabo Verde

27 July 2018
The Portuguese state-owned bank Caixa Geral de Depósitos (CGD) will have to reduce its presence in Cabo Verde and Mozambique by the end of 2020, under the institution’s revised 2017-2020 strategy plan authorised by the European Commission, the Finance Ministry announced in a statement released on Thursday in Lisbon.

Cabo Verde liberalises foreign economic, financial and exchange operations

25 July 2018
Foreign economic and financial operations and foreign exchange operations have been fully liberalised in Cabo Verde (Cape Verde) since Monday, 23 July 2018, when Legislative Decree No. 3/2018 of 22 June came into force, said the archipelago's central bank.

Cabo Verde’s economy benefits from the performance of the Euro Zone in 2017

25 July 2018
The performance of the Cape Verdean economy benefited from the external environment in 2017, similarly to the previous two years, with the country's main economic partner, the Euro Zone, posting the highest economic growth since 2007, the Central Bank of Cabo Verde said.

Arab Group IIB Holdings well positioned to buy a bank in Portugal

20 July 2018
The best-positioned candidate to buy Portuguese investment bank Efisa is IIB Group Holdings, a Bahrain company that recently completed the acquisition of a 90% interest in Banco Internacional de Cabo Verde from Novo Banco, the bank that resulted from the closure of Banco Espírito Santo, Portuguese financial daily Negócios reported.

Angola hosts 13th Summit of the Community of Portuguese Speaking Countries

19 July 2018
Angola hosts the 13th Summit of Heads of State and Government of the Community of Portuguese Speaking Countries (CPLP), to be held in 2020, following a decision made at this year's meeting on the island of Sal, Cabo Verde (Cape Verde), which elected Portuguese ambassador Francisco Ribeiro Teles as the institution's new executive secretary, according to the local press.
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