13 June 2016
The Riu Hotels & Resorts group plans to build two 500-room hotels, one of them a five-star unit - on the island of Boa Vista, said the owner Carmen Riu, at the end of an audience with the Prime Minister of Cabo Verde. Riu told Prime Minister Ulisses Correia e Silva that the two projects are in preparation, although their opening is already scheduled for 2017 and 2018, according to weekly newspaper A Semana.
13 June 2016
A mission from the International Monetary Fund (IMF) is due to return in early autumn to Cabo Verde (Cape Verde) for regular annual consultations with the government of the archipelago, the IMF said in a statement issued at the end of last week. The mission, which Thursday concluded a three-day visit to Cabo Verde for the first contacts with the new government.
3 June 2016
2 June 2016
The European Union will provide Cabo Verde (Cape Verde) with 5 million euros to be invested in strengthening the country's institutions, the EU representative in Cabo Verde, José Manuel Pinto Teixeira, said recently. "We are completing the next budget support programme, which will be available after the summer in the initial amount of 50 million euros and will also have a new 5 million-euro package for institutional capacity building programmes," said the EU representative.
24 May 2016
Cabo Verde (Cape Verde) received 190,600 tourists in the first quarter of the year, which was an increase of 17.2 percent over the same period of 2015, the National Statistics Institute (INE) said in the Cape Verdean capital, Praia. The "Tourism Statistics - Guest Movement" report for the first quarter also said tourists who visited the archipelago accounted for 1.1 million overnight stays, an annual increase of 12.1 percent, with an average stay of 5.7 nights, down 5 percent compared to 2015.
19 May 2016
China "remains committed and available" to continue to cooperate with Cabo Verde (Cape Verde), China's Ambassador to Cabo Verde said Wednesday in Praia at the end of a meeting with the new prime minister, Ulisses Correia e Silva. "Our vision is to strengthen and further promote cooperation between the two countries in various sectors, and I believe that in the coming years we can develop many more projects," said Ambassador Du Xiaocong, quoted by news agency Inforpress.
17 May 2016
China plans to increase cooperation with the municipality of Sal, Cabo Verde (Cape Verde), particularly through tourism investments on the island, said Monday the Chinese ambassador to Cabo Verde, Du Xiaocong. The ambassador is on a two-day visit to Sal at the invitation of the outgoing Mayor, Jorge Figueiredo, according to Cape Verdean news agency Inforpress.
13 May 2016
The World Bank approved a loan of US$5 million to Cabo Verde (Cape Verde) to develop and increase the competitiveness of the tourism sector in the archipelago, the World Bank said in a statement issued in Washington. The statement said that the tourism sector in Cabo Verde has potential to be the main driver of economic growth, whilst offering many opportunities for diversification and connection to the private sector.
12 May 2016
The privatisation of Cape Verdean flagship airline TACV will take place only after the company has been the subject of a financial restructuring process, said the Cabo Verde (Cape Verde) Minister of Finance, Minister Olavo Correia, cited by newspaper Correio das Ilhas, also said it was necessary "to add value to the flagship airline before considering its privatisation."
11 May 2016
The World Bank has about US$25 million available to invest in several projects in Cabo Verde (Cape Verde) in 2017, said Tuesday in Praia Louise Cord, the World Bank director for five countries in West Africa. Cord, who in addition to Cabo Verde is the face of the World Bank in Senegal, Gambia, Guinea-Bissau and Mauritania, Tuesday had a meeting with the Cape Verdean government to prepare the definition of projects to be funded.
10 May 2016
The consumer confidence indicator in Cabo Verde (Cape Verde) evolved negatively in the first quarter of 2016 compared to the same period of 2015, to below the series average, the National Statistics Institute (INE) reported in Praia. The INE also reported that respondents to the Monthly Economic Consumer Survey made a negative assessment of their financial situation and the country in the next 12 months.
6 May 2016
Commercial banks should focus on microcredit and development banks should be set up to boost the growth of the social economy in the Portuguese-speaking countries, said Thursday the President of Cabo Verde (Cape Verde) in Praia. Jorge Carlos Fonseca stressed the "important and essential" contribution of the economy promoted by cooperatives, mutual associations, community associations, foundations and others in developing countries.
4 May 2016
Cape Verdean flagship airline Transportes Aéreos de Cabo Verde (TACV) will be subject to a technical and financial audit, announced Tuesday in Praia the Cabo Verde (Cape Verde) Economy Minister José Gonçalves, as he presented the new members of the board. The audit aims to determine with the utmost urgency "the real economic and financial situation of the company, since the data presented does not inspire confidence and reliability in the figures and scenarios presented," the minister said, cited by Portuguese news agency Lusa.
26 April 2016
Cabo Verde's (Cape Verde's) President welcomed the cooperation between his country and China, in a message addressed to his Chinese counterpart Xi Jinping on the occasion of the 40th anniversary of bilateral cooperation, according to a statement issued by the presidency. "(Despite) combining and bringing together interests within international organisations, it is, however, in the context of bilateral relations that our two countries and their peoples have achieved huge harmony, which has translated into exemplary cooperation," said the message from Jorge Carlos Fonseca.
26 April 2016
Three islands of the Cabo Verde (Cape Verde) archipelago - Boa Vista, Sal and Santo Antao - are on the list of the top 10 in Africa, according to a list compiled by the Trip Advisor travel website. The list headed by Mauritius, which names the best islands to visit and spend a holiday in 2016, puts Boa Vista in 5th place, followed by Sal in 6th and Santo Antao in 9th place.
22 April 2016
The airline Binter CV - a subsidiary of Binter Canary - is scheduled to start its inter-island operations in Cabo Verde (Cape Verde) in June, announced the president of the airline, Pedro Agustín del Castillo, in Las Palmas. Binter CV will start operating with two ATR 72 aircraft, connecting three to four islands.
19 April 2016
18 April 2016
The President of Cabo Verde (Cape Verde), Jorge Carlos Fonseca, said last Saturday in Praia, he would like the relationship between the archipelago and China in the future to focus on the areas of the economy, finance and business. "China-Cabo Verde cooperation is exemplary and has contributed to our development process," said Fonseca during the inauguration of remodelling works on the Presidential Palace, financed and built by Chinese cooperation.
15 April 2016
Brazilian aeronautical company Embraer delivered 44 jets in the first quarter of 2016, 21 for commercial aviation companies and 23 executives aircraft, the company said in a statement issued Thursday. The statement said the delivery of these 44 aircraft represented an increase of 37.5 percent over the number in the first quarter of 2015, when it delivered 32 aircraft, 20 for commercial aviation companies and 12 executive jets.
12 April 2016
The next business meeting between China and the Portuguese-speaking countries will be held in 2017 in Cabo Verde (Cape Verde), according to a proposal from the Cape Verdean Investment Agency for approved at a meeting in Bissau. The event's promoters expressed satisfaction with efforts made by the institutions involved in the organisation and implementation of this year's meeting and the high level of participation in it, according to a statement read by the meeting's Technical Office coordinator, Bruno Jauad.