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Cabo Verde

European Union supports Cabo Verde’s budget with an additional €10 million

16 July 2018
The Director-General for International Cooperation and Development of the European Commission, Stefano Manservisi, this week on the Cape Verdean island of Sal signed off on additional funding of €10 million in budget support to Cabo Verde (Cape Verde), according to a statement from the delegation of the European Union in the West African archipelago.

Food products from Portuguese-speaking countries showcased in Dongguan, China

13 July 2018
The Macau-Dongguan Economic and Trade Cooperation Forum and the Promotional Activity of Products from the Portuguese-speaking Countries - Dongguan were recently held in that city on the Pearl River Delta organised by the Macau Trade and Investment Promotion Institute (IPIM) and the Dongguan Trade Department, according to official information.

Portugal’s Novo Banco completes sale of controlling stake in Cabo Verde bank

12 July 2018
Portuguese bank Novo Banco has completed the process of selling a 90% stake in Banco Internacional de Cabo Verde to IIB Group Holdings, a company based in Bahrain, said on Wednesday the bank that inherited the quality assets of the bankrupt Banco Espírito Santo (BES) in a market filing.

Cabo Verde Airlines still lacks airplanes to operate

12 July 2018
Cabo Verde Airlines has cancelled 52 flights since 2 July, due to a lack of airplanes, with the attention of the board focused on the passenger protection plan until the restart of normal activity, the company said in a statement released on Wednesday in the Cape Verdean capital, Praia.

Cabo Verde tourist resort of Macau entrepreneur due to be completed before 2021

11 July 2018
Construction of the integrated tourist complex of the island of Santa Maria will be completed before the end of the current term of office in 2021, José Gonçalves, the Minister of Maritime Economy, Tourism and Transport of Cabo Verde (Cape Verde) said on Tuesday in Praia.

Angola’s National Bank cancels authorisation granted to Ecobank Transnational

9 July 2018
The authorisation granted to Pan-African financial group Ecobank Transnational Inc. to set up Ecobank Angola has been cancelled following its expiration, "due to the repeated non-compliance with the legal deadline for the start of activity," the National Bank of Angol said last week.

Cabo Verde Airlines should be privatised swiftly, Budget Support Group says

9 July 2018
Members of Cabo Verde's (Cape Verde's) Budget Support Group (BSG) stressed on Friday in Praia the importance of the rapid privatisation of Cabo Verde Airlines as well as applying reforms to other companies and programmes that are causing immediate financial pressure on the State Budget, the local press reported.

Cabo Verde Airlines privatisation completed this year

5 July 2018
The privatisation of Cabo Verde Airlines is due to be completed this year, the Cape Verdean Minister of Tourism and Transport José Gonçalves said this week, repeating the assurances given by Prime Minister Ulisses Correia e Silva last May that the privatisation process of TACV-Cabo Verde Airlines "will be completed" by the end of the year and with "huge advantages" for the country.

Cabo Verde’s Emprofrac carried out its first exports

4 July 2018
Cabo Verde's (Cape Verde's) national pharmaceutical products company, Emprofac has made its first sales abroad since it was established in 1979 with the recent shipment of goods to Sao Tome and Principe and two to Guinea-Bissau, said the president of the public company.

Products from Macau and Portuguese-speaking countries available on NetEase Kaola

4 July 2018
Products from Macau and Portuguese-speaking countries are now available on NetEase Kaola, a cross-border e-commerce platform from China, at the "Macau Pavilion," an effective new channel to explore China's domestic market, according to the Macau Economic Services Bureau.

University of Coimbra launches course on relationship between China and the Portuguese-speaking countries

3 July 2018
China and the Portuguese-speaking Countries in the World Economy: Trade, Tourism, Cooperation and Development is the official name of an advanced training course coordinated by Carmen Amado Mendes to be taught over two semesters between the end of September and December and between February and May, at the University of Coimbra, Portugal, according to official information.

Macau is a platform to link China and the Portuguese-speaking countries

29 June 2018
Ding Tian of Forum Macau expressed satisfaction with the results achieved by the institution to date and said that Macau serves as a platform to link China to Portuguese-speaking countries in exploring business opportunities.

Delegation of Macao Forum and business people from Qingdao visit Cabo Verde

28 June 2018
A delegation from Forum Macau, which includes representatives from the Commerce Department of Qingdao province and several Chinese companies, began a two-day visit to Cabo Verde (Cape Verde) on Wednesday to learn about the business opportunities in the archipelago, according to the Inforpress news agency.

Brazil may increasingly use Macau as a platform to operate in China

27 June 2018
Macau's Economy and Finance Secretary Leong Vai Tac said at a meeting in Brasilia that measures to reduce limits on access to to the Fund for Development Cooperation between China and the Portuguese-Speaking Countries to make it easier for more countries to benefit from its use.

Macau plans to operate as a financial bridge between China and the Portuguese-speaking countries

27 June 2018
The construction of a financial cooperation bridge between China and the Portuguese-speaking countries with the aim of stimulating Macau's role as a financial services platform was the basis for a visit by a high-level delegation to Portugal organised by the Macau Monetary Authority (AMCM) and the Macau Trade and Investment Promotion Institute, including representatives from the interior of China and Macau, according to official information.

Macao Bringbuys Web Technology plans to create a technological hub in Cabo Verde

27 June 2018
Macao Bringbuys Web Technology intends to create a technological hub in Cabo Verde (Cape Verde) with plans to enter other West African countries, under a memorandum of understanding recently signed in Lisbon, Portugal, with Cabo Verde TradeInvest, the Cape Verdean investment agency's president said on her return to Praia.

CGD and BNU sign agreement to share market information on China and Portuguese-speaking countries

26 June 2018
Banco Nacional Ultramarino (Macau) has signed a cooperation agreement with its parent company, Portuguese state bank Caixa Geral de Depósitos (CGD), through the network of the two banks to collect and share market information about China and the Portuguese-speaking countries, the bank said in a statement.

Cabo Verde’s economy increases growth in 2017 by 3.9%

26 June 2018
Cabo Verde's economy in 2017 added to the economic dynamism already evident in 2016, by posting growth of 3.9%, one-tenth of a percentage point higher than a year earlier, the Bank of Cabo Verde reported in its annual report for 2017, recently released in Praia.

12th Conference of Heads of State and Government of the CPLP sets up website

25 June 2018
The government of Cabo Verde presented the website and logo of the Cabo Verde summit and presidency of the Community of Portuguese Speaking Countries (CPLP), which will take place in July on the island of Sal, in a meeting with the press on Friday in Praia.

Japan Tuna increases number of ships to dock in Cabo Verde ports

25 June 2018
Japanese cooperative Japan Tuna plans to increase the number of vessels using Cabo Verde's (Cape Verde's) ports for supply and transshipment of products in Cabo Verde, the Secretary of State for the Maritime Economy Paulo Veiga said in recent statements to Rádio Cabo Verde.
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